Last checked at 10 Apr 2019 14:58
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
Anneka.kingan@sabre.co.uk
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) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
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) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
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) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 10 April 2019 | ||||
f) | Place of transaction | London Stock Exchange (XLON) | ||||