30
May 2024
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 30 May
2024 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 £0.001 in the Company as detailed below:
Name
|
Position
|
Number of shares subject to
award
|
Geoff Carter
|
Chief Executive Officer
|
224,558
|
Anneka Kingan
|
Chief Risk and Officer and Company
Secretary
|
86,572
|
Trevor Webb
|
Claims Director
|
139,822
|
Adam Westwood
|
Chief Financial Officer
|
109,709
|
Matt Wright
|
Chief Actuary
|
109,709
|
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
/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)
|
Price per share
|
Volume
|
£1.704
|
224,558
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume
|
Price per share
|
224,588
|
£1.704
|
|
e)
|
Date of transaction
|
30 May 2024
|
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)
|
Price per share
|
Volume
|
£1.704
|
86,572
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume
|
Price per share
|
86,572
|
£1.704
|
|
e)
|
Date of transaction
|
30 May 2024
|
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)
|
Price per share
|
Volume
|
£1.704
|
139,822
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume
|
Price per share
|
139,822
|
£1.704
|
|
e)
|
Date of transaction
|
30 May 2024
|
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)
|
Price per share
|
Volume
|
£1.704
|
109,709
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume
|
Price per share
|
109,709
|
£1.704
|
|
e)
|
Date of transaction
|
30 May 2024
|
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
/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)
|
Price per share
|
Volume
|
£1.704
|
109,709
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume
|
Price per share
|
109,709
|
£1.704
|
|
e)
|
Date of transaction
|
30 May 2024
|
f)
|
Place of transaction
|
London Stock Exchange
(XLON)
|