Director/PDMR Shareholding

RNS Number : 4807Z

Sabre Insurance Group PLC

21 May 2021

 

21 May 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 Long Term Incentive Plan

The Company announces that on 21 May 2021 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	126,539
Anneka Kingan	Chief Risk and Officer & Company Secretary	47,638
Trevor Webb	Claims Director	78,790
Adam Westwood	Chief Financial Officer	59,548
Matt Wright	Chief Actuary	48,220

The awards will vest on the third anniversary of their grant, and are subject to an additional retention period of two years, commencing on the awards' vesting date.

The vesting of the awards will be subject to the following underpins:

· that the solvency coverage ratio of the Group (being the ratio of the Group's Solvency II net assets to its Solvency Capital Requirement, calculated before the final dividend is paid, expressed as a percentage) is maintained in excess of 140% for the three financial years up to 31 December 2023;

· that the Group has achieved a return on tangible equity (being the ratio of the Group's adjusted profit after tax to its average tangible equity, expressed as a percentage) in excess of 10% for each full reporting period which falls within the three financial years up to 31 December 2023;

· that there has been no material intervention by a regulatory authority either initiated during the three financial years up to 31 December 2023 or related to it, that results in a Group Member being required by the relevant authority to undertake actions or remedial measures; and

· overall Committee discretion.

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 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 261.30 pence 126,539
d)	Aggregated Information Volume Price	Volume Price per share 126,539 261.30 pence
e)	Date of transaction	21 May 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	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 261.30 pence 47,638
d)	Aggregated Information Volume Price	Volume Price per share 47,638 261.30 pence
e)	Date of transaction	21 May 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	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 261.30 pence 78,790
d)	Aggregated Information Volume Price	Volume Price per share 78,790 261.30 pence
e)	Date of transaction	21 May 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	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 261.30 pence 59,548
d)	Aggregated Information Volume Price	Volume Price per share 59,548 261.30 pence
e)	Date of transaction	21 May 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	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	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 261.30 pence 48,220
d)	Aggregated Information Volume Price	Volume Price per share 48,220 261.30 pence
e)	Date of transaction	21 May 2021
f)	Place of transaction	London Stock Exchange (XLON)

 

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