RNS Number : 1691E
Sabre Insurance Group PLC
08 April 2025
8 April 2025
Sabre Insurance Group plc ("Sabre" or the "Company")
Notification of transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons
Sabre announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 7 April 2025, in connection with the maturity of the awards granted in 2022 under Sabre's 2017 Long Term Incentive Plan ("LTIP").
Sabre's Remuneration Committee resolved that the pre-determined underpins had been met, and therefore the awards will vest at 100%. It is noted that the vested shares have a further two-year holding period, however participants were able to sell shares to cover the tax liability which arose on vesting.
Further information on the LTIP grant and performance against its pre-determined underpins can be found in the Company's Annual Report, which is available on the Company's website www.sabreplc.co.uk.
Details of the transactions following the DBP's vesting are as follows:
Name and Job Title
Number of shares vested
Number of shares sold
Price at Vesting and Sale (p)
Number of shares held in the Company post the transaction
Sabre shareholding as a % of issued share capital
Geoff Carter Chief Executive Officer
145,802
68,769
122.7969
1,800,552
0.72%
Anneka Kingan Chief Risk Officer and Company Secretary
56,197
26,507
122.7969
92,200
0.04%
Trevor Webb Claims Director
90,764
42,811
122.7969
1,394,149
0.56%
Adam Westwood Chief Financial Officer
71,216
33,591
122.7969
763,187
0.31%
Matt Wright Chief Actuary
58,499
27,593
122.7969
316,238
0.13%
This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.
Additional Information:
Anneka Kingan - Company Secretary
Anneka.kingan@sabre.co.uk
LEI Code: 2138006RXRQ8P8VKGV98
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Geoff Carter
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Sabre Insurance Group Plc
b)
LEI
2138006RXRQ8P8VKGV98
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of£0.001 each
Identification code
GB00BYWVDP49
b)
Nature of the transaction
Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£0
145,802
£1.227969
68,769
d)
Aggregated Information Volume Price
Volume
Price per share
145,802
£0
68,769
£1.227969
e)
Date of transaction
7 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Anneka Kingan
2
Reason for the notification
a)
Position/status
Chief Risk Officer and Company Secretary
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Sabre Insurance Group Plc
b)
LEI
2138006RXRQ8P8VKGV98
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of£0.001 each
Identification code
GB00BYWVDP49
b)
Nature of the transaction
Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£0
56,197
1.227969
26,507
d)
Aggregated Information Volume Price
Volume
Price per share
56,197
£0
26,507
1.227969
e)
Date of transaction
7 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trevor Webb
2
Reason for the notification
a)
Position/status
Claims Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Sabre Insurance Group Plc
b)
LEI
2138006RXRQ8P8VKGV98
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of£0.001 each
Identification code
GB00BYWVDP49
b)
Nature of the transaction
Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£0
90,764
£1.227969
42,811
d)
Aggregated Information Volume Price
Volume
Price per share
90,764
£0
42,811
£1.227969
e)
Date of transaction
7 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Adam Westwood
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Sabre Insurance Group Plc
b)
LEI
2138006RXRQ8P8VKGV98
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of£0.001 each
Identification code
GB00BYWVDP49
b)
Nature of the transaction
Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£0
71,216
£1.227969
33,591
d)
Aggregated Information Volume Price
Volume
Price per share
71,216
£0
33,591
£1.227969
e)
Date of transaction
7 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matt Wright
2
Reason for the notification
a)
Position/status
Chief Actuary
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Sabre Insurance Group Plc
b)
LEI
2138006RXRQ8P8VKGV98
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of£0.001 each
Identification code
GB00BYWVDP49
b)
Nature of the transaction
Vesting and sale of awards to cover tax, under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£0
58,499
£1.227969
27,593
d)
Aggregated Information Volume Price
Volume
Price per share
58,499
£0
27,593
£1.227969
e)
Date of transaction
7 April 2025
f)
Place of transaction
London Stock Exchange (XLON)
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