Last checked at 14 Apr 2021 09:01
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 £2.894 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 Title | Number of shares vested | Number of shares sold | Sale Price (p) | Number of shares held in the Company post the transaction | Sabre shareholding as a % of issued share capital |
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 Title | Number of shares vested | Number of shares sold | Sale Price (p) | Number of shares held in the Company post the transaction | Sabre shareholding as a % of issued share capital |
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 /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 of £0.001 each | ||||||
Identification code | GB00BYWVDP49 | |||||||
b)
| Nature of the transaction
| Vesting and sale of awards under the Company's Deferred Bonus Plan | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale of awards under the Company's Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale of awards under the Company's Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale of awards under the Company's Deferred Bonus Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale awards under the Company's Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||||
Identification code | GB00BYWVDP49 | |||||||
b)
| Nature of the transaction
| Vesting and sale awards under the Company's Long Term Incentive Plan | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale awards under the Company's Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale awards under the Company's Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume 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 /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 of £0.001 each | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Vesting and sale awards under the Company's Long Term Incentive Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 12 April 2021 | ||||
f) | Place of transaction | London Stock Exchange (XLON) | ||||