Charles Taylor Director/PDMR Shareholding
21 April 2018 - 1:29AM
UK Regulatory
TIDMCTR
Charles Taylor plc ("the Company")
Director/PDMR Shareholding
The Company announces that on 16 April 2018, the following persons discharging
managerial responsibilities ("PDMR") received nil cost share awards over
ordinary shares of 1p each in the Company ("Shares") pursuant to the maturity
of a third of the 2015, 2016 and 2017 awards made under the Deferred Annual
Bonus Plan ("DABP").
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:
PDMR: Number of shares Number of shares Balance of shares
vesting: withheld to meet transferred
tax liabilities: (Number):
Suzanne Deery 14,037 6,598 7,439
Jeremy Grose 67,054 31,516 35,538
Ivan Keane 12,903 6,065 6,838
Jason Sahota* 9,337 4,389 4,948
Richard Yerbury 22,650 10,646 12,004
*The figures for Jason Sahota relate to awards granted in 2016 and 2017 only.
Formal notifications in respect of the Executive Directors are below:
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Suzanne Deery
2 Reason for the notification
a) Position/status Director, Human Resources and member of the
Company's Executive Committee (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 share awards under DABP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 14,037
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Suzanne Deery
2 Reason for the notification
a) Position/status Director, Human Resources and member of the
Company's Executive Committee (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 Balance of shares transferred to individual after
transaction net settlement of tax liability
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 7,439
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Jeremy Grose
2 Reason for the notification
a) Position/status Chief Executive Officer, Management Services - UK
& International and member of the Company's
Executive Committee (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 share awards under DABP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 67,054
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Jeremy Grose
2 Reason for the notification
a) Position/status Chief Executive Officer, Management Services - UK
& International and member of the Company's
Executive Committee (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 Balance of shares transferred to individual after
transaction net settlement of tax liability
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 35,538
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Ivan Keane
2 Reason for the notification
a) Position/status Group Company Secretary and General
Counsel and member of the Company's
Executive Committee (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 share awards under DABP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 12,903
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Ivan Keane
2 Reason for the notification
a) Position/status Group Company Secretary and General Counsel and
member of the Company's Executive Committee
(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 Balance of shares transferred to individual after
transaction net settlement of tax liability
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,838
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Jason Sahota
2 Reason for the notification
a) Position/status Chief Information Officer and Chief Executive
Officer, Charles Taylor InsureTech and member of
the Company's Executive Committee (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 share awards under DABP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 9,337
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Jason Sahota
2 Reason for the notification
a) Position/status Chief Information Officer and Chief Executive
Officer, Charles Taylor InsureTech and member of
the Company's Executive Committee (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 Balance of shares transferred to individual after
transaction net settlement of tax liability
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 4,948
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Richard Yerbury
2 Reason for the notification
a) Position/status Group Corporate Development Director and
member of the Company's Executive
Committee (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 share awards under DABP
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 22,650
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
f) Place of the Outside a trading venue
transaction
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Richard Yerbury
2 Reason for the notification
a) Position/status Group Corporate Development Director and
member of the Company's Executive
Committee (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 Balance of shares transferred to individual after
transaction net settlement of tax liability
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 12,004
d) Aggregated information N/A (single transaction)
-Aggregated volume
e) Date of the transaction 2018-04-16
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
20 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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