Charles
Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 17 April
2018, the following Executive Directors 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:
| Executive Director: |
Number of shares
vesting: |
Number of shares withheld to meet
tax liabilities: |
Balance of shares transferred
(Number): |
| David Marock |
44,847 |
21,079 |
23,768 |
| Damian Ely |
9,499 |
4,465 |
5,034 |
| Mark Keogh |
9,828 |
4,620 |
5,208 |
|
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/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 share
awards under DABP |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
44,847 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| 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 |
Balance of shares
transferred to individual after net settlement of tax
liability |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
23,768 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| 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 |
Vesting of share
awards under DABP |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
9,499 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| 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 |
Balance of shares
transferred to individual after net settlement of tax
liability |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
5,034 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| f) |
Place of the
transaction |
Outside a trading
venue |
| 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/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 share
awards under DABP |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
9,828 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| f) |
Place of the
transaction |
Outside a trading
venue |
| 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/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 |
Balance of shares
transferred to individual after net settlement of tax
liability |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
5,208 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2018-04-17 |
| f) |
Place of the
transaction |
Outside a trading
venue |
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.