Director/PDMR Shareholding

RNS Number : 6650V

Sabre Insurance Group PLC

06 April 2023

 

6 April 2023

Sabre Insurance Group plc ('Sabre' or the 'Company')

Notification of transactions of Directors, Persons Discharging Managerial Responsibility ('PDMRs') or Connected Persons

The Company announces that on 6 April 2023 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Long Term Incentive Plan ('LTIP'), 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	314,371
Anneka Kingan	Chief Risk and Officer and Company Secretary	121,197
Trevor Webb	Claims Director	195,745
Adam Westwood	Chief Financial Officer	153,587
Matt Wright	Chief Actuary	126,161

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

‒ 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 £1.154 314,371
d)	Aggregated Information Volume Price	Volume Price per share 314,371 £1.154
e)	Date of transaction	6 April 2023
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 £1.154 121,197
d)	Aggregated Information Volume Price	Volume Price per share 121,197 £1.154
e)	Date of transaction	6 April 2023
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 £1.154 195,745
d)	Aggregated Information Volume Price	Volume Price per share 195,745 £1.154
e)	Date of transaction	6 April 2023
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 £1.154 153,587
d)	Aggregated Information Volume Price	Volume Price per share 153,587 £1.154
e)	Date of transaction	6 April 2023
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 £1.154 126,161
d)	Aggregated Information Volume Price	Volume Price per share 126,161 £1.154
e)	Date of transaction	6 April 2023
f)	Place of transaction	London Stock Exchange (XLON)

 

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