Last checked at 23 Apr 2020 14:08
23 April 2020
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
The Company announces that on 23 April 2020 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Deferred Bonus Plan, each granted a conditional award (the 'DBP Award') of ordinary shares of £0.001 in the Company, in respect of bonuses earned for the financial year ended 31 December 2019 as detailed below:
Name | Position | Number of shares subject to award |
Geoff Carter | Chief Executive Officer | 58,893 |
Anneka Kingan | Chief Risk Officer and Company Secretary | 18,429 |
James Ockenden | Chief Actuary | 40,674 |
Trevor Webb | Claims Director | 47,748 |
Adam Westwood | Chief Financial Officer | 34,321 |
Subject to the rules of the Sabre 2017 Deferred Bonus Plan, the DBP Awards will vest on the second anniversary of the grant date.
Awards under the Company's Long Term Incentive Plan
The Company further announces that on 23 April 2020 the following directors and PDMRs of the Company were, subject to the rules of the Sabre 2017 Long Term Incentive Plan, each granted a conditional award (the 'LTIP Award') of ordinary shares of £0.001 in the Company as detailed below:
Name | Position | Number of shares subject to award |
Geoff Carter | Chief Executive Officer | 193,819 |
Anneka Kingan | Chief Risk and Officer and Company Secretary | 72,967 |
James Ockenden | Chief Actuary | 109,450 |
Trevor Webb | Claims Director | 118,571 |
Adam Westwood | Chief Financial Officer | 91,208 |
The vesting of the awards will be subject to the achievement of performance conditions measuring the Company's total shareholder return performance (relative to the constituent companies of the FTSE250 index (excluding investment trusts and companies in the extractive industries)) and earnings per share performance, both measured over a period from 1 January 2020 to 31 December 2022. Subject to the rules of the Sabre 2017 Long Term Incentive Plan, the LTIP Awards will vest on the second Dealing Day after the Board determines the extent to which the performance conditions have been satisfied. Any shares acquired by a director, following the vesting and release of an LTIP Award will be subject to an additional retention period of two years, commencing on the award's vesting date.
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 /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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||||
Identification code | GB00BYWVDP49 | |||||||
b)
| Nature of the transaction
| Grant of conditional award | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d) | Aggregated Information Volume Price |
| ||||||
e) | Date of transaction | 23 April 2020 | ||||||
f) | Place of transaction | London Stock Exchange (XLON) | ||||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Deferred Bonus Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
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 | A non-transferable conditional award of ordinary shares in the Company under the Sabre 2017 Long-Term Incentive Plan. No consideration will be paid by the PDMR on the grant or vesting of the conditional award. | ||||
Identification code | GB00BYWVDP49 | |||||
b)
| Nature of the transaction
| Grant of conditional award | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information Volume Price |
| ||||
e) | Date of transaction | 23 April 2020 | ||||
f) | Place of transaction | London Stock Exchange (XLON) | ||||