13 Apr 2017 14:41
CHARLES TAYLOR PLC - Director/PDMR ShareholdingCHARLES TAYLOR PLC - Director/PDMR Shareholding
PR Newswire
London, April 13
Charles Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 12 April 2017, the following Executive Directors and PDMRs received nil cost ordinary shares of 1p each in the Company (“shares”) on the maturity of a third each of their deferred annual bonus share awards granted in 2015 and 2016. Following the maturity, each recipient requested that the Trustee of the Charles Taylor Employees’ Share Ownership Plan (“the Trustee”) sell sufficient shares to cover their tax and NI liabilities and dealing costs and transfer the balance into their name as indicated below:-
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\* The figures for Jeremy Grose also include shares received on the maturity of the final third of his deferred annual bonus share award granted in 2014. Jeremy Grose also elected to sell the balance of his awards from 2014 and 2015, retaining the balance of his award from 2016 after selling sufficient shares to cover his tax and NI liabilities and dealing costs.
The shares sold were sold on 12 April 2017 at 235.1343p per share. Formal notifications in respect of the Executive Directors and the PDMRs 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Christian Schirmer | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer, Charles Taylor Managing Agency 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Christian Schirmer | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer, Charles Taylor Managing Agency 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Suzanne Deery | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of Human Resources 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Suzanne Deery | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of Human Resources 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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
| 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/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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Vesting of share awards under the Charles Taylor Deferred Annual Bonus Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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/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 instrumentIdentification code | Ordinary shares of 1 pence eachGB0001883718 | ||||
| b) | Nature of the transaction | Sale of Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information-Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2017-04-12 | ||||
| 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
David Lanchester – Deputy Group Company Secretary – 020 3320 8829
Charles Taylor plc
13 April 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 http://www.ctplc.com/