27 Apr 2016 14:59
CHARLES TAYLOR PLC - Director/PDMR ShareholdingCHARLES TAYLOR PLC - Director/PDMR Shareholding
PR Newswire
London, April 27
Charles Taylor plc (“the Company”)
Director/PDMR Shareholding
The Company announces that on 25 April 2016, the following Executive Directors and former director received nil cost performance share awards over ordinary shares of 1p each in the Company (“shares”) pursuant to the awards made on 23 April 2013 under the Charles Taylor Long Term Incentive Plan 2007 (LTIP), which vested in full on 23 April 2016. Following the awards, 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 either requested that the Trustee sell the remainder on their behalf or transfer the balance into their name as indicated below:-
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The number of Shares issued included the original number of shares awarded that were adjusted to take account of the Company’s rights issue in 2015 using TERP and shares representing the dividends that they would have accrued on the vested shares in the vesting period in accordance with the rules of the LTIP. The award to Alistair Groom was pro-rated to the date of his resignation on 28 February 2014 in accordance with the rules of the LTIP.
The shares sold were sold today at 268p per share.
Following this announcement, the Directors and their connected persons hold shares as follows:-
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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
27 April 2016
Notes to Editors:
About Charles Taylor plc
Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1884 and today employs over 1,300 staff in 69 offices spread across 28 countries in the UK, the Americas, Asia Pacific, Europe, the Middle East and Africa. The Group offers services, principally on a fee-based model and operates through three businesses – Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers, creating value through select acquisitions and operational efficiency.Further information is available at http://www.ctplc.com/