Charles Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 25 April
2016, the following Executive Directors and former director
received nil cost performance share awards over ordinary shares of
1p each in the Company (“shares”) pursuant to the awards made on
23 April 2013 under the Charles
Taylor Long Term Incentive Plan 2007 (LTIP), which vested in full
on 23 April 2016. Following the awards, each recipient
requested that the Trustee of the Charles Taylor Employees’ Share
Ownership Plan (“the Trustee”) sell sufficient shares to cover
their tax and NI liabilities and dealing costs and either requested
that the Trustee sell the remainder on their behalf or transfer the
balance into their name as indicated below:-
| Executive Director: |
Number of shares
vesting: |
Number of shares sold: |
Number of shares
retained: |
| David Marock |
177,987 |
83,989 |
93,998 |
| Damian Ely |
38,139 |
38,139 |
Nil |
| Joe Roach |
63,566 |
19,147 |
44,419 |
|
|
|
|
|
| Former Director: |
Number of shares
vesting: |
Number of shares sold: |
Number of shares
retained: |
| Alistair Groom |
17,798 |
17,798 |
Nil |
|
The number of Shares issued included the original number of
shares awarded that were adjusted to take account of the Company’s
rights issue in 2015 using TERP and shares representing the
dividends that they would have accrued on the vested shares in the
vesting period in accordance with the rules of the LTIP. The
award to Alistair Groom was pro-rated to the date of his
resignation on 28 February 2014 in
accordance with the rules of the LTIP.
The shares sold were sold today at 268p per share.
Following this announcement, the Directors and their connected
persons hold shares as follows:-
| Executive Director: |
Number of shares: |
% of the total voting rights of
the Company: |
| David Marock |
303,185 |
0.45 |
| Damian Ely |
106,926 |
0.16 |
| Joe Roach |
266,633 |
0.40 |
|
For more information, please
contact:
Ivan Keane – Group Company Secretary and General Counsel – 020
3320 2206
David Lanchester – Deputy Group Company Secretary – 020 3320
8829
Charles Taylor plc
27 April 2016
Notes to Editors:
About Charles Taylor plc
- Charles Taylor plc is a leading provider of professional
services to clients across the global insurance market. The Group
has been providing services since 1884 and today employs over 1,300
staff in 69 offices spread across 28 countries in the UK, the
Americas, Asia Pacific, Europe, the Middle East and Africa.
- The Group offers services, principally on a fee-based model and
operates through three businesses – Management, Adjusting and
Insurance Support Services. Charles Taylor also owns insurers,
creating value through select acquisitions and operational
efficiency.
Further information is available at http://www.ctplc.com/