9 April 2024
Sabre Insurance Group plc ("Sabre" or the "Company")
Notification of transactions of Directors, Persons Discharging Managerial Responsibility ("PDMRs") or Connected Persons
Sabre announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 8 April 2024, in connection with the maturity of the awards granted in 2022 under Sabre's 2017 Deferred Bonus Plan ("DBP").
Each Director or PDMR deferred half of their annual bonus from the financial year ended 31 December 2021 into the DBP. The deferred bonus was used to purchase shares in the Company at a price of 235.9 pence per share ("DBP award shares"), which were then held in the Employee Benefit 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 | Price at Vesting and Sale (p) | Number of shares held in the Company post the transaction | Sabre shareholding as a % of issued share capital |
| Geoff Carter Chief Executive Officer | 47,557 | 47,557 | 177.859 | 1,645,340 | 0.65% |
| Anneka Kingan Chief Risk Officer and Company Secretary | 18,044 | 18,044 | 177.859 | 47,266 | 0.02% |
| Trevor Webb Claims Director | 36,394 | 36,394 | 177.859 | 1,304,568 | 0.52% |
| Adam Westwood Chief Financial Officer | 24,008 | 24,008 | 177.859 | 686,267 | 0.28% |
| Matt Wright Chief Actuary | 18,656 | 8,800 | 177.859 | 259,856 | 0.10% |
This notification is made pursuant to Article 19 of the EU Market Abuse Regulation.
Additional Information:
Anneka Kingan - Company Secretary
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 | 8 April 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 | 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 | 8 April 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 | 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 | 8 April 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 | 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 | 8 April 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 | Ordinary shares of £0.001 each | ||||||
| | | |||||||
| Identification code | GB00BYWVDP49 | |||||||
| | | |||||||
| b)
| Nature of the transaction
| Vesting and sale of awards to cover tax, under the Company's Deferred Bonus Plan | ||||||
| c)
| Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information Volume Price |
| ||||||
| e) | Date of transaction | 8 April 2024 | ||||||
| f) | Place of transaction | London Stock Exchange (XLON) | ||||||
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