Charles Taylor Director/PDMR Shareholding
06 April 2018 - 9:33PM
UK Regulatory
TIDMCTR
Charles Taylor plc ("the Company")
Director/PDMR Shareholding
The Company announces that on 4 April 2018, the following Executive Directors
received nil cost performance share awards over ordinary shares of 1p each in
the Company ("Shares") pursuant to the vesting of awards made on 19 March 2015
under the Charles Taylor Long Term Incentive Plan 2007 (LTIP). The original
number of shares awarded was adjusted to take account of the Company's rights
issue in 2015 using TERP. The vesting of the awards was subject to a
performance condition, which has resulted in the awards vesting at 69.2% of the
maximum allocation. The number of Shares issued reflects this and includes
shares representing the dividends that recipients would have accrued on the
vested shares in the period in accordance with the rules of the LTIP.
On the maturity of the awards, the tax and NI liabilities arising were net
settled and a portion of the Shares were withheld for each of the recipients.
The balance of Shares due to each recipient was then transferred into the
recipients' names by the Trustee of the Charles Taylor Employees' Share
Ownership Plan, as indicated below:
Executive Number of shares Number of shares Balance of shares
Director: vesting: withheld to meet transferred:
tax liabilities:
David Marock 83,072 39,044 44,028
Damian Ely 37,036 17,407 19,629
Mark Keogh 59,229 27,838 31,391
Formal notifications in respect of the Executive Directors are 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/ Initial notification
Amendment
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB0001883718
Identification code
b) Nature of the Vesting of a share award under the LTIP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 83,072
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-04
f) Place of the Outside a trading venue
transaction
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/ Initial notification
Amendment
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB0001883718
Identification code
b) Nature of the Vesting of a share award under the LTIP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 37,036
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-04
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Mark Keogh
2 Reason for the notification
a) Position/status Group Chief Financial Officer and Executive
Director (PDMR).
b) Initial notification/ Initial notification
Amendment
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
GB0001883718
Identification code
b) Nature of the Vesting of a share award under the LTIP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 59,229
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-04
f) Place of the Outside a trading venue
transaction
For more information, please contact:
Ivan Keane - Group Company Secretary and General Counsel - 020 3320 2206
Susan Morgan - Deputy Group Company Secretary - 020 3320 8814
Charles Taylor plc
6 April 2018
Notes to editors
About Charles Taylor www.ctplc.com
Charles Taylor Plc supports and enables the insurance market to meet the
continually evolving challenges it faces. We provide technical services to
make the business of insurance work fundamentally better. We have been
providing insurance-related technical services and solutions since 1884 and
today we employ over 2,100 permanent and contract staff in 107 locations spread
across 29 countries in the UK, the Americas, Asia Pacific, Europe the Middle
East and Africa.
We are unique in our market in that our services support every stage of the
insurance lifecycle and every aspect of the insurance operating model. We
develop and operate insurance vehicles on behalf of our clients, manage claims
programmes and adjust losses. We handle legacy and run-off portfolios, provide
a variety of specialist operational support services and offer solutions and
support to drive insurance technology transformation.
Charles Taylor's breadth of services, technical skills and resources and global
presence means the Group can manage and resolve virtually any insurance-related
matter, wherever and whenever it occurs.
END
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