19 May 2017 10:28
CHARLES TAYLOR PLC - Director/PDMR ShareholdingCHARLES TAYLOR PLC - Director/PDMR Shareholding
PR Newswire
London, May 19
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:-
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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) |
| ||||
| 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) |
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| 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