Director/PDMR Shareholding

RNS Number : 8064V

Sabre Insurance Group PLC

10 April 2019

 

10 April 2019

Sabre Insurance Group plc

Notification of transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Sabre Insurance Group plc (the "Company" or "Sabre), one of the UK's leading private motor insurance underwriters, announces that it was notified on 10 April 2019 that Geoff Carter, Chief Executive Officer, Adam Westwood, Chief Financial Officer, and Trevor Webb, Claims Director, sold a total of 1,030,000 Ordinary Shares of 0.01 pence each in the capital of the Company on 10 April 2019 at an average price of 288.00 pence per Ordinary Share (the "Transaction"). The individual transactions are detailed below:

Name and job title	Number of shares sold	Price shares sold at	Number of shares retained	Number of shares retained as a % of issued share capital
Geoff Carter Chief Executive Officer	420,000	288.00p	1,545,372	0.62%
Adam Westwood Chief Financial Officer	190,000	288.00p	652,303	0.26%
Trevor Webb Claims Director	420,000	288.00p	1,545,372	0.62%

Following this transaction Geoff Carter, Chief Executive Officer, and Adam Westwood, Chief Financial Officer have both entered a voluntary lock up in respect of their retained shares, which will expire post the release of the Company's financial results for the year ended 31 December 2019, and continue to meet the Company's shareholding requirements for Executive Directors.

Further details of the Transaction are set out below and in the attached notification as required by the EU Market Abuse Regulation.

For further information, please contact:

Anneka Kingan - Company Secretary

[e-mail] 

LEI Code: 2138006RXRQ8P8VKGV98

Sabre Insurance Group Plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)

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
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 288.00 pence 420,000
d)	Aggregated Information Volume Price	Volume Price per share 420,000 288.00 pence
e)	Date of transaction	10 April 2019
f)	Place of transaction	London Stock Exchange (XLON)

 

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
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 288.00 pence 190,000
d)	Aggregated Information Volume Price	Volume Price per share 190,000 288.00 pence
e)	Date of transaction	10 April 2019
f)	Place of transaction	London Stock Exchange (XLON)

 

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
	Identification code	GB00BYWVDP49
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 288.00 pence 420,000
d)	Aggregated Information Volume Price	Volume Price per share 420,000 288.00 pence
e)	Date of transaction	10 April 2019
f)	Place of transaction	London Stock Exchange (XLON)

 

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