TIDMSBRE
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 GBP0.001
in the Company as detailed below:
Number of shares
Name Position subject to award
--------------- ------------------------------------ ------------------
Geoff Carter Chief Executive Officer 314,371
------------------------------------ ------------------
Chief Risk and Officer and Company
Anneka Kingan 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
Anneka.kingan@sabre.co.uk
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 A non-transferable conditional award
the financial of ordinary shares in the Company under
instrument, type the Sabre 2017 Long-Term Incentive
of instrument Plan. No consideration will be paid
by the PDMR on the grant or vesting
of the conditional award.
Identification GB00BYWVDP49
code
b) Nature of the Grant of conditional award
transaction
------------------------ -----------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP1.154 314,371
--------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 314,371 GBP1.154
Price ----------------
------------------------ -----------------------------------------
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 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 A non-transferable conditional award
the financial of ordinary shares in the Company under
instrument, type the Sabre 2017 Long-Term Incentive Plan.
of instrument No consideration will be paid by the PDMR
on the grant or vesting of the conditional
award.
Identification GB00BYWVDP49
code
b) Nature of the Grant of conditional award
transaction
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP1.154 121,197
--------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 121,197 GBP1.154
Price ----------------
----------------------- --------------------------------------------
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 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 A non-transferable conditional award
the financial of ordinary shares in the Company under
instrument, type the Sabre 2017 Long-Term Incentive Plan.
of instrument No consideration will be paid by the PDMR
on the grant or vesting of the conditional
award.
Identification GB00BYWVDP49
code
b) Nature of the Grant of conditional award
transaction
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP1.154 195,745
--------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 195,745 GBP1.154
Price ----------------
----------------------- --------------------------------------------
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 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 A non-transferable conditional award
the financial of ordinary shares in the Company under
instrument, type the Sabre 2017 Long-Term Incentive Plan.
of instrument No consideration will be paid by the PDMR
on the grant or vesting of the conditional
award.
Identification GB00BYWVDP49
code
b) Nature of the Grant of conditional award
transaction
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP1.154 153,587
--------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 153,587 GBP1.154
Price ----------------
----------------------- --------------------------------------------
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 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 A non-transferable conditional award
the financial of ordinary shares in the Company under
instrument, type the Sabre 2017 Long-Term Incentive Plan.
of instrument No consideration will be paid by the PDMR
on the grant or vesting of the conditional
award.
Identification GB00BYWVDP49
code
b) Nature of the Grant of conditional award
transaction
----------------------- --------------------------------------------
c) Price(s) and volume(s) Price per share Volume
GBP1.154 126,161
--------
----------------------- --------------------------------------------
d) Aggregated Information Volume Price per share
Volume 126,161 GBP1.154
Price ----------------
----------------------- --------------------------------------------
e) Date of transaction 6 April 2023
----------------------- --------------------------------------------
f) Place of transaction London Stock Exchange (XLON)
----------------------- --------------------------------------------
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END
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