Charles Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 20 March
2017, the following Executive Directors, PDMR 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 20 March 2014 under the
Charles Taylor Long Term Incentive Plan 2007 (LTIP), which vested
in full on 20 March 2017. 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
requested that the Trustee 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 |
124,250 |
58,515 |
65,735 |
Damian Ely |
55,394 |
26,088 |
29,306 |
|
|
|
|
PDMR: |
Number of shares
vesting: |
Number of shares sold: |
Number of shares
retained: |
Christian Schirmer |
64,211 |
30,240 |
33,971 |
|
|
|
|
|
Former Director: |
Number of shares
vesting: |
Number of shares sold: |
Number of shares
retained: |
Joe Roach |
53,977 |
16,226 |
37,751 |
|
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 Joe Roach was pro-rated to the date of his resignation on
31 December 2016 in accordance with
the rules of the LTIP.
The shares sold were sold on 21 March
2017 at 241.5p per share. Formal notifications in
respect of the Executive Directors and PDMR below;
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
David Marock |
2 |
Reason for the notification |
a) |
Position/status |
Group Chief Executive
Officer and Executive Director (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Vesting of a share
award under the LTIP |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil |
124,250 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-20 |
f) |
Place of the
transaction |
Outside a trading
venue |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
David Marock |
2 |
Reason for the notification |
a) |
Position/status |
Group Chief Executive
Officer and Executive Director (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Sale of Shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
£2.415 |
58,515 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-21 |
f) |
Place of the
transaction |
London Stock Exchange,
Main Market (XLON) |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Damian Ely |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive
Officer, Adjusting Services and Executive Director (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Vesting of a share
award under the LTIP |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil |
55,394 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-20 |
f) |
Place of the
transaction |
Outside a trading
venue |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Damian Ely |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive
Officer, Adjusting Services and Executive Director (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Sale of Shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
£2.415 |
26,088 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-21 |
f) |
Place of the
transaction |
London Stock Exchange,
Main Market (XLON) |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Christian
Schirmer |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive
Officer, Charles Taylor Managing Agency and member of the Company’s
Executive Committee (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Vesting of a share
award under the LTIP |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil |
64,211 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-20 |
f) |
Place of the
transaction |
Outside a trading
venue |
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
Christian
Schirmer |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive
Officer, Charles Taylor Managing Agency and member of the Company’s
Executive Committee (PDMR). |
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Charles Taylor
plc |
b) |
LEI |
2138009V1NHVCXIQ6V62 |
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
Identification code |
Ordinary
shares of 1 pence each
GB0001883718
|
b) |
Nature of the
transaction |
Sale of Shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
£2.415 |
30,240 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
e) |
Date of the
transaction |
2017-03-21 |
f) |
Place of the
transaction |
London Stock Exchange,
Main Market (XLON) |
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
22 March 2017
Notes to editors
About Charles Taylor
Charles Taylor provides professional services to make the
business of insurance work efficiently. We have been
providing insurance-related professional services since 1884 and
today we employ over 1,800 permanent and contract staff in 71
offices spread across 29 countries in the UK, the Americas, Asia
Pacific, Europe the Middle East and Africa.
The Group operates through three businesses – Management
Services, Adjusting Services and Insurance Support Services.
We also own international life insurers, creating value by
undertaking targeted acquisitions and achieving operational
efficiencies.
Our breadth of services, our technical skills and resources and
our global presence means we can manage and resolve virtually any
insurance-related matter, wherever and whenever it occurs.
Further information is available at http://www.ctplc.com/