REG - Sabre Insurance Grp - Transaction in Own Shares

Sabre InsuranceAnnouncement

Tue 07:00

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RNS Number : 0579P  Sabre Insurance Group PLC  01 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

 

1 July 2025

 

Sabre Insurance Group plc

 

On-market Share Buyback Programme of £5m

 

Sabre Insurance Group plc (the "Group", the "Company" or "Sabre"), one of the
UK's leading motor insurance underwriters, announces its intention to launch
an on-market share buyback programme to return £5m to shareholders (the
"Buyback Programme").

 

Further to the Group's proposal to launch a £5m share buyback programme which
was included in the Group's results announcement in March 2025, the board has
received regulatory approval to proceed. Having reviewed the Group's strong
performance and ongoing capital requirements, the Board has concluded that an
on-market share buyback programme for up to a maximum aggregate consideration
of £5m (excluding stamp duty and expenses) remains appropriate and a
value-enhancing use of cash, while maintaining the Group's financial
flexibility to invest in its strategy. The purpose of this buyback programme
is to return surplus capital to shareholders and reduce the Group's share
capital, whilst maintaining the financial flexibility to invest in the ongoing
execution of our strategy. Accordingly, any ordinary shares purchased are
expected to be cancelled.

 

Details of the Buyback Programme

Sabre has entered into an irrevocable instruction with Panmure Liberum,
pursuant to which Panmure Liberum will purchase the Company's ordinary shares
of £0.001 each ("Ordinary Shares") for up to a maximum consideration of £5m.
The Buyback Programme will commence immediately and it is anticipated it will
end no later than 31 December 2025, subject to market conditions. The maximum
number of Ordinary Shares that can be purchased (always subject to the
aggregate maximum consideration of £5m (excluding stamp duty and expenses))
is 25,000,000, being the number of shares the Company is authorised to
purchase pursuant to the authority granted by shareholders at the Company's
2025 Annual General Meeting (the "2025 AGM"). Panmure Liberum will make its
trading decisions in relation to the Ordinary Shares independently of, and
uninfluenced by, the Company, within the terms and pre-set parameters of the
Buyback Programme.

 

Any purchase of Ordinary Shares under the Buyback will take place in open
market transactions and may be made from time to time depending on market
conditions, share price and trading volumes. The Buyback will be effected
under the general authority to repurchase Ordinary Shares granted by the
Company's shareholders at the 2025 AGM, and in accordance with Chapter 12 of
the UK Financial Conduct Authority's Listing Rules, and Regulation (EU) No
596/2014 and Commission Delegated Regulation (EU) No 2016/1052 (both as they
form part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018), including where relevant pursuant to the UK Market Abuse Regulation.

 

Any purchase of Ordinary Shares pursuant to the Buyback will be announced by
not later than 07:30 on the business day following the calendar day on which
the purchase occurred. The Company will make further announcements in due
course following the completion of any repurchases. There is no guarantee that
the Buyback will be implemented in full or that any Ordinary Shares will be
repurchased by the Company.

 

 

For further information, please contact:

 

 Investor enquiries              01306 747 272
 Sabre Insurance Group plc       investor.relations@sabre.co.uk (mailto:investor.relations@sabre.co.uk)
 Geoff Carter / Adam Westwood

 Media enquiries                 020 7260 2700
 Teneo                           sabre@teneo.com (mailto:sabre@teneo.com)
 James Macey White / Ffion Dash

 

LEI Code: 2138006RXRQ8P8VKGV98

 

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