Director/PDMR Shareholding

RNS Number : 7873H

Sabre Insurance Group PLC

08 April 2022

 

8 April 2022

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 7 April 2022 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 2021 as detailed below:

Name	Position	Number of shares subject to award
Geoff Carter	Chief Executive Officer	47,557
Anneka Kingan	Chief Risk Officer and Company Secretary	18,044
Trevor Webb	Claims Director	36,394
Adam Westwood	Chief Financial Officer	24,008
Matt Wright	Chief Actuary	18,656

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 7 April 2022 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	145,802
Anneka Kingan	Chief Risk and Officer and Company Secretary	56,197
Trevor Webb	Claims Director	90,764
Adam Westwood	Chief Financial Officer	71,216
Matt Wright	Chief Actuary	58,499

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% over the LTIP Period;

· 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 LTIP Period;

· that there has been no material intervention by a regulatory authority either initiated during the LTIP Period 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 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 £2.359 47,557
d)	Aggregated Information Volume Price	Volume Price per share 47,557 £2.359
e)	Date of transaction	7 April 2022
f)	Place of transaction	London Stock Exchange (XLON)

 

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 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 £2.359 18,044
d)	Aggregated Information Volume Price	Volume Price per share 18,044 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 36,394
d)	Aggregated Information Volume Price	Volume Price per share 36,394 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 24,008
d)	Aggregated Information Volume Price	Volume Price per share 24,008 £2.359
e)	Date of transaction	7 April 2022
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 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 £2.359 18,656
d)	Aggregated Information Volume Price	Volume Price per share 18,656 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 145,802
d)	Aggregated Information Volume Price	Volume Price per share 145,802 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 56,197
d)	Aggregated Information Volume Price	Volume Price per share 56,197 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 90,764
d)	Aggregated Information Volume Price	Volume Price per share 90,764 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 71,216
d)	Aggregated Information Volume Price	Volume Price per share 71,216 £2.359
e)	Date of transaction	7 April 2022
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 £2.359 58,499
d)	Aggregated Information Volume Price	Volume Price per share 58,499 £2.359
e)	Date of transaction	7 April 2022
f)	Place of transaction	London Stock Exchange (XLON)

 

END

 

 

DSHDVLBBLZLZBBB