Charles
Taylor plc (the Company)
Issue of Equity
The Company announces that 202,383 new Ordinary Shares of 1p
each were allotted, conditional on admission, in respect of the
second annual earn-out payment to the vendors of CEGA Solutions
Limited, which the Company acquired on 25
July 2016. Application has been made to the UK Listing
Authority and the London Stock Exchange for the 202,383 new
Ordinary Shares to be admitted to the Official List and to trading
on the Main Market. Admission of the shares is expected to
occur on 4 September 2018.
Following admission, the Company will have 77,432,563 Ordinary
Shares in issue with voting rights. This information is provided in
accordance with the FCA’s Disclosure Guidance and Transparency Rule
5.6.1R. The Company has no Ordinary Shares held in treasury,
therefore following admission the total of 77,432,563 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency RulesIn accordance with the FCA’s Disclosure Guidance
and Transparency Rule 5.6.1R, the following updated information is
provided:
For further 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
30 August 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 2,500 permanent and contract
staff in over 100 locations spread across 30 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.