REG - Sabre Insurance Grp - Director/PDMR Shareholding
RNS Number : 4266VSabre Insurance Group PLC14 April 202114 April 2021
Sabre Insurance Group plc ("Sabre" or the "Company")
Notification of transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
Awards under the Company's Deferred Bonus Plan
Sabre Insurance Group plc ("Sabre") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 12 April 2021 in connection with the maturity of the awards granted in 2019 under Sabre's 2017 Deferred Bonus Plan ("DBP").
In summary, for the 2019 DBP grant, each Director or PDMR deferred a proportion of their 2018 annual cash bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of £2.894 per share ("DBP award shares") that were held in the Employee Trust for a two year deferral period. No performance conditions are attached to the DBP award shares. Further information on the DBP grant 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
Sale Price
(p)
Number of shares held in the Company post the transaction
Sabre shareholding as a % of issued share capital
Geoff Carter
Chief Executive Officer
50,421
50,421
259.73
1,575,955
0.63
James Ockenden Chief Actuary
31,513
31,513
259.73
788,746
0.32
Trevor Webb Claims Director
35,021
35,021
259.73
1,201,087
0.48
Adam Westwood Chief Financial Officer
28,362
28,362
259.73
658,320
0.26
Awards under the Company's Long Term Incentive Plan
Sabre further announces, that on 12 April 2021, the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company in connection with the maturity of awards granted in 2018, under Sabre's 2017 Long Term Incentive Plan ("LTIP"). Sabre's Remuneration Committee resolved that the performance conditions attaching to these awards had been satisfied at 50% of the performance conditions, and therefore the awards will vest at 50%. Further information on the LTIP grant and performance against its performance conditions 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 LTIP's vesting are as follows:
Name and Job Title
Number of shares vested
Number of shares sold
Sale Price
(p)
Number of shares held in the Company post the transaction
Sabre shareholding as a % of issued share capital
Geoff Carter
Chief Executive Officer
93,144
93,144
259.73
1,575,955
0.63
Anneka Kingan
Chief Risk Officer & Company Secretary
14,903
7,030
259.73
8,472
0.003
James Ockenden Chief Actuary
46,572
46,572
259.73
788,746
0.32
Trevor Webb
Claims Director
51,229
51,229
259.73
1,201,087
0.48
Adam Westwood Chief Financial Officer
41,915
41,915
259.73
658,320
0.26
This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.
Additional Information:
Anneka Kingan - Company Secretary
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 under the Company's Deferred Bonus Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
50,421
d)
Aggregated Information
Volume
Price
Volume
Price per share
50,421
£2.5973
e)
Date of transaction
12 April 2021
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Ockenden
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 under the Company's Deferred Bonus Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
31,513
d)
Aggregated Information
Volume
Price
Volume
Price per share
31,513
£2.5973
e)
Date of transaction
12 April 2021
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 under the Company's Deferred Bonus Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
35,021
d)
Aggregated Information
Volume
Price
Volume
Price per share
35,021
£2.5973
e)
Date of transaction
12 April 2021
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 under the Company's Deferred Bonus Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
28,362
d)
Aggregated Information
Volume
Price
Volume
Price per share
28,362
£2.5973
e)
Date of transaction
12 April 2021
f)
Place of transaction
London Stock Exchange (XLON)
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 awards under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
93,144
d)
Aggregated Information
Volume
Price
Volume
Price per share
93,144
£2.5973
e)
Date of transaction
12 April 2021
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 awards under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
14,903 - vested of which 7,030 were sold
d)
Aggregated Information
Volume
Price
Volume
Price per share
14,903
£2.5973
e)
Date of transaction
12 April 2021
f)
Place of transaction
London Stock Exchange (XLON)
PDMR transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Ockenden
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 awards under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
46,572
d)
Aggregated Information
Volume
Price
Volume
Price per share
46,572
£2.5973
e)
Date of transaction
12 April 2021
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 awards under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
51,229
d)
Aggregated Information
Volume
Price
Volume
Price per share
51,229
£2.5973
e)
Date of transaction
12 April 2021
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 awards under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
£2.5973
41,915
d)
Aggregated Information
Volume
Price
Volume
Price per share
41,915
£2.5973
e)
Date of transaction
12 April 2021
f)
Place of transaction
London Stock Exchange (XLON)
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