TIDMSBRE
RNS Number : 4807Z
Sabre Insurance Group PLC
21 May 2021
21 May 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 Long Term Incentive Plan
The Company announces that on 21 May 2021 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 GBP0.001 in the
Company as detailed below:
Name Position Number of shares
subject to award
Geoff Carter Chief Executive Officer 126,539
---------------------------------- ------------------
Chief Risk and Officer & Company
Anneka Kingan Secretary 47,638
---------------------------------- ------------------
Trevor Webb Claims Director 78,790
---------------------------------- ------------------
Adam Westwood Chief Financial Officer 59,548
---------------------------------- ------------------
Matt Wright Chief Actuary 48,220
---------------------------------- ------------------
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% for the
three financial years up to 31 December 2023;
-- 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 three
financial years up to 31 December 2023;
-- that there has been no material intervention by a regulatory
authority either initiated during the three financial years up to
31 December 2023 or related to it, that results in a Group Member
being required by the relevant authority to undertake actions or
remedial measures; and
-- 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
261.30 pence 126,539
--------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 126,539 261.30 pence
Price ----------------
------------------------ -----------------------------------------
e) Date of transaction 21 May 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 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
261.30 pence 47,638
-------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 47,638 261.30 pence
Price ----------------
------------------------ -----------------------------------------
e) Date of transaction 21 May 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 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
261.30 pence 78,790
-------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 78,790 261.30 pence
Price ----------------
------------------------ -----------------------------------------
e) Date of transaction 21 May 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 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
261.30 pence 59,548
-------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 59,548 261.30 pence
Price ----------------
------------------------ -----------------------------------------
e) Date of transaction 21 May 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 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
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
261.30 pence 48,220
-------
------------------------ -----------------------------------------
d) Aggregated Information Volume Price per share
Volume 48,220 261.30 pence
Price ----------------
------------------------ -----------------------------------------
e) Date of transaction 21 May 2021
------------------------ -----------------------------------------
f) Place of transaction London Stock Exchange (XLON)
------------------------ -----------------------------------------
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