Director dealings: Sabre CEO and CFO offload some shares

Sabre Insurance revealed on Friday that chief executive Geoff Carter and chief financial officer Adam Westwood had each disposed to 4,293 ordinary shares in the FTSE 250-listed motor insurer.

Carter and Westwood, who exercised options over the shares granted them as part of the company's Save As You Earn plan, both sold the shares on Thursday at an average price of 255.50p each, for a total value of £10,968.62 each.

Back in May, Sabre Insurance said first-quarter volumes were in line with expectations and that volumes in April were higher than a year earlier.

Gross written premiums fell to £46.0m in the four months to April from £54.6m a year earlier as business was affected by low sales of new cars, depressed numbers of new drivers during the pandemic and hurt by tough competition.

As of 1605 BST, Sabre shares were down 0.20% at 255.50p.

Top Director Buys

Pembridge Resources (PERE)
Director name: Al-Jebouri,Gati
Amount purchased: 281,363 @ 6.00p
Value: £16,881.78

Life Settlement Assets (LSAA)
Director name: Baines,Michael
Amount purchased: 5,000 @ $1.75
Value: $8,750.00

Centrica (CNA)
Director name: OÂ’Shea,Chris
Amount purchased: 287 @ 52.27p
Value: £150.02

Centrica (CNA)
Director name: Ringrose ,Kate
Amount purchased: 286 @ 52.27p
Value: £149.50

Great Portland Estates (GPOR)
Director name: Courtauld,Toby
Amount purchased: 21 @ 705.79p
Value: £148.22

Great Portland Estates (GPOR)
Director name: Sanderson,Nick
Amount purchased: 21 @ 705.79p
Value: £148.22

Personal Group Holdings (PGH)
Director name: Mace,Sarah
Amount purchased: 46 @ 206.00p
Value: £94.76

Top Director Sells

Serco Group (SRP)
Director name: Soames,Rupert
Amount sold: 843,850 @ 138.50p
Value: £1,168,732.24

Auto Trader Group (AUTO)
Director name: Coe,Nathan
Amount sold: 155,098 @ 632.00p
Value: £980,219.39

Serco Group (SRP)
Director name: Crossley,Nigel
Amount sold: 205,373 @ 135.72p
Value: £278,732.24

Auto Trader Group (AUTO)
Director name: Faiers,Catherine
Amount sold: 30,795 @ 632.00p
Value: £194,624.41

Auto Trader Group (AUTO)
Director name: Warner,Jamie
Amount sold: 20,292 @ 632.00p
Value: £128,245.44

Sabre Insurance Group (SBRE)
Director name: Westwood,Adam Richard
Amount sold: 4,293 @ 255.50p
Value: £10,968.62

Sabre Insurance Group (SBRE)
Director name: Carter,Geoffrey Richard
Amount sold: 4,293 @ 255.50p
Value: £10,968.62