Director/PDMR Shareholding

RNS Number : 0331W

Sabre Insurance Group PLC

12 April 2019

 

12 April 2019

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

The Company announces that on 11 April 2019 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Deferred Bonus Plan, each granted a conditional award (the 'DBP Award') of ordinary shares of £0.001 in the Company, in respect of bonuses earned for the financial year ended 31 December 2018 as detailed below:

Name	Position	Number of shares subject to award
Geoff Carter	Chief Executive Officer	50,421
Adam Westwood	Chief Financial Officer	28,362
Trevor Webb	Claims Director	35,021
James Ockenden	Chief Actuary	31,513

Subject to the rules of the Sabre 2017 Deferred Bonus Plan, the DBP Awards will vest on the second anniversary of the grant date.

Awards under the Company's Long Term Incentive Plan

The Company further announces that on 11 April 2019 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Long Term Incentive Plan, each granted a conditional award (the 'LTIP Award') of ordinary shares of £0.001 in the Company as detailed below:

Name	Position	Number of shares subject to award
Geoff Carter	Chief Executive Officer	183,575
Adam Westwood	Chief Financial Officer	86,388
Trevor Webb	Claims Director	112,305
James Ockenden	Chief Actuary	103,666
Anneka Kingan	Company Secretary	65,655

The vesting of the awards will be subject to the achievement of performance conditions measuring the Company's total shareholder return performance (relative to the constituent companies of the FTSE250 index (excluding investment trusts and companies in the extractive industries)) and earnings per share performance, both measured over a period from 1 January 2019 to 31 December 2021.  Subject to the rules of the Sabre 2017 Long Term Incentive Plan, the LTIP Awards will vest on the second Dealing Day after the Board determines the extent to which the performance conditions have been satisfied. Any shares acquired by a director, following the vesting and release of an LTIP Award will be subject to an additional retention period of two years, commencing on the award's vesting date.

This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.

Additional Information:

Anneka Kingan - Company Secretary

[e-mail] 

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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 50,421
d)	Aggregated Information Volume Price	Volume Price per share 50,421 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 28,362
d)	Aggregated Information Volume Price	Volume Price per share 28,362 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 35,021
d)	Aggregated Information Volume Price	Volume Price per share 35,021 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 31,513
d)	Aggregated Information Volume Price	Volume Price per share 31,513 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 183,575
d)	Aggregated Information Volume Price	Volume Price per share 183,575 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 86,388
d)	Aggregated Information Volume Price	Volume Price per share 86,388 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 112,305
d)	Aggregated Information Volume Price	Volume Price per share 112,305 £2.894
e)	Date of transaction	11 April 2019
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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 103,666
d)	Aggregated Information Volume Price	Volume Price per share 103,666 £2.894
e)	Date of transaction	11 April 2019
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	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	A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award.
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Grant of conditional award
c)	Price(s) and volume(s)	Price per share Volume £2.894 65,655
d)	Aggregated Information Volume Price	Volume Price per share 65,655 £2.894
e)	Date of transaction	11 April 2019
f)	Place of transaction	London Stock Exchange (XLON)

 

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