TIDMSBRE
RNS Number : 4266V
Sabre Insurance Group PLC
14 April 2021
14 April 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 Deferred Bonus Plan
Sabre Insurance Group plc ("Sabre") announces that the following
transactions were undertaken by Directors and PDMRs in the ordinary
shares of the Company on 12 April 2021 in connection with the
maturity of the awards granted in 2019 under Sabre's 2017 Deferred
Bonus Plan ("DBP").
In summary, for the 2019 DBP grant, each Director or PDMR
deferred a proportion of their 2018 annual cash bonus into the DBP.
The deferred bonus was used to purchase shares in the Company at a
price of GBP2.894 per share ("DBP award shares") that were held in
the Employee Trust for a two year deferral period. No performance
conditions are attached to the DBP award shares. Further
information on the DBP grant can be found in the Company's Annual
Report, which is available on the Company's website
www.sabreplc.co.uk
Details of the transactions following the DBP's vesting are as
follows:
Name and Job Number of Number of Sale Price Number of Sabre shareholding
Title shares vested shares sold (p) shares held as a % of
in the Company issued share
post the capital
transaction
Geoff Carter
Chief Executive
Officer 50,421 50,421 259.73 1,575,955 0.63
--------------- ------------- ----------- ---------------- -------------------
James Ockenden
Chief Actuary 31,513 31,513 259.73 788,746 0.32
--------------- ------------- ----------- ---------------- -------------------
Trevor Webb
Claims Director 35,021 35,021 259.73 1,201,087 0.48
--------------- ------------- ----------- ---------------- -------------------
Adam Westwood
Chief Financial
Officer 28,362 28,362 259.73 658,320 0.26
--------------- ------------- ----------- ---------------- -------------------
Awards under the Company's Long Term Incentive Plan
Sabre further announces, that on 12 April 2021, the following
transactions were undertaken by Directors and PDMRs in the ordinary
shares of the Company in connection with the maturity of awards
granted in 2018, under Sabre's 2017 Long Term Incentive Plan
("LTIP"). Sabre's Remuneration Committee resolved that the
performance conditions attaching to these awards had been satisfied
at 50% of the performance conditions, and therefore the awards will
vest at 50%. Further information on the LTIP grant and performance
against its performance conditions can be found in the Company's
Annual Report, which is available on the Company's website
www.sabreplc.co.uk
Details of the transactions following the LTIP's vesting are as
follows:
Name and Job Number of Number of Sale Price Number of Sabre shareholding
Title shares vested shares sold (p) shares held as a % of
in the Company issued share
post the capital
transaction
Geoff Carter
Chief Executive
Officer 93,144 93,144 259.73 1,575,955 0.63
--------------- ------------- ----------- ---------------- -------------------
Anneka Kingan
Chief Risk Officer
& Company Secretary 14,903 7,030 259.73 8,472 0.003
--------------- ------------- ----------- ---------------- -------------------
James Ockenden
Chief Actuary 46,572 46,572 259.73 788,746 0.32
--------------- ------------- ----------- ---------------- -------------------
Trevor Webb
Claims Director 51,229 51,229 259.73 1,201,087 0.48
--------------- ------------- ----------- ---------------- -------------------
Adam Westwood
Chief Financial
Officer 41,915 41,915 259.73 658,320 0.26
--------------- ------------- ----------- ---------------- -------------------
This notification is made pursuant to Article 19 of the EU
Market Abuse Regulation.
Additional Information:
Anneka Kingan - Company Secretary
Anneka.kingan@sabre.co.uk
LEI Code: 2138006RXRQ8P8VKGV98
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 Initial notification
/Amendment
----------------------- -----------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale of awards under the Company's
transaction Deferred Bonus Plan
----------------------- -----------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 50,421
----------------------- -----------------------------------------------
d) Aggregated Information Volume Price per share
Volume 50,421 GBP2.5973
Price ----------------
----------------------- -----------------------------------------------
e) Date of transaction 12 April 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 James Ockenden
----------------------- -----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Actuary
----------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- -----------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale of awards under the Company's
transaction Deferred Bonus Plan
----------------------- -----------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 31,513
-------
----------------------- -----------------------------------------------
d) Aggregated Information Volume Price per share
Volume 31,513 GBP2.5973
Price ----------------
----------------------- -----------------------------------------------
e) Date of transaction 12 April 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 Initial notification
/Amendment
----------------------- -----------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale of awards under the Company's
transaction Deferred Bonus Plan
----------------------- -----------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 35,021
-------
----------------------- -----------------------------------------------
d) Aggregated Information Volume Price per share
Volume 35,021 GBP2.5973
Price ----------------
----------------------- -----------------------------------------------
e) Date of transaction 12 April 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 Initial notification
/Amendment
----------------------- -----------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale of awards under the Company's
transaction Deferred Bonus Plan
----------------------- -----------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 28,362
-------
----------------------- -----------------------------------------------
d) Aggregated Information Volume Price per share
Volume 28,362 GBP2.5973
Price ----------------
----------------------- -----------------------------------------------
e) Date of transaction 12 April 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 Geoff Carter
----------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Executive Officer
----------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- --------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale awards under the Company's
transaction Long Term Incentive Plan
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 93,144
-------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 93,144 GBP2.5973
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 12 April 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 Initial notification
/Amendment
----------------------- --------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale awards under the Company's
transaction Long Term Incentive Plan
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 14,903 - vested
of which 7,030
were sold
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 14,903 GBP2.5973
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 12 April 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 James Ockenden
----------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Actuary
----------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- --------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale awards under the Company's
transaction Long Term Incentive Plan
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 46,572
-------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 46,572 GBP2.5973
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 12 April 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 Initial notification
/Amendment
----------------------- --------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale awards under the Company's
transaction Long Term Incentive Plan
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 51,229
-------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 51,229 GBP2.5973
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 12 April 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 Initial notification
/Amendment
----------------------- --------------------------------------------
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 Ordinary shares of GBP0.001 each
the financial
instrument, type
of instrument
Identification GB00BYWVDP49
code
b) Nature of the Vesting and sale awards under the Company's
transaction Long Term Incentive Plan
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP2.5973 41,915
-------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 41,915 GBP2.5973
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 12 April 2021
----------------------- --------------------------------------------
f) Place of transaction London Stock Exchange (XLON)
----------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHVZLBFFZLBBBB
(END) Dow Jones Newswires
April 14, 2021 04:01 ET (08:01 GMT)
Sabre Insurance (LSE:SBRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sabre Insurance (LSE:SBRE)
Historical Stock Chart
From Apr 2023 to Apr 2024
