Charles Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 18 May
2017, the following person discharging managerial
responsibilities (“PDMR”) received nil cost ordinary shares of 1p
each in the Company (“shares”) on the maturity of a third each of
his deferred annual bonus share awards granted in 2015 and
2016. Following the maturity, the recipient requested that
the Trustee of the Charles Taylor Employees’ Share Ownership Plan
(“the Trustee”) sell sufficient shares to cover his tax and NI
liabilities and dealing costs and transfer the balance into his
name as indicated below:-
| PDMR: |
Number of shares
vesting: |
Number of shares sold: |
Number of shares
retained: |
| Richard Yerbury |
12,691 |
5,977 |
6,714 |
|
The shares sold were sold on 18 May
2017 at 2.31002p per share. Formal notifications in
respect of the PDMRs are below;
| 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/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 the Charles Taylor Deferred Annual Bonus Plan |
| c) |
Price(s) and
volume(s) |
| Price(s) |
Volume(s) |
| Nil |
12,691 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2017-05-18 |
| f) |
Place of the
transaction |
Outside a trading
venue |
| 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/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) |
| £2.31002 |
5,977 |
|
d) |
Aggregated information
-Aggregated volume |
N/A (single transaction) |
| e) |
Date of the
transaction |
2017-05-18 |
| 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
Tony Llewellyn – Deputy Group Company Secretary – 020 3320
8966
Charles Taylor plc
19 May 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 28 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 www.ctplc.com