2 May 2017 07:38
CHARLES TAYLOR PLC - Issue of Equity, Voting Rights and Share CapitalCHARLES TAYLOR PLC - Issue of Equity, Voting Rights and Share Capital
PR Newswire
London, May 2
Charles Taylor plc (“the Company”)
Issue of Equity, Voting Rights and Share Capital
As at 30 April 2017, the Company’s capital consisted of 68,120,428 ordinary shares of 1p each in the Company (“Ordinary Shares”) with voting rights. The Company holds no shares in treasury; therefore the total voting rights in the Company are 68,120,428.
The Company announces that on 27 April 2017 181,268 new Ordinary Shares were allotted, conditional on admission, in respect of the third and final annual earn-out payment to the vendors of KLA Holdings Limited and its subsidiary Knowles Loss Adjusters Limited (now renamed Charles Taylor General Adjusting Services Limited), which the Company acquired on 14 May 2014. Application has been made to the UK Listing Authority and the London Stock Exchange for the 181,268 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 May 2017.
Following admission, the Company will have 68,301,696 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 68,301,696 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 Rules.
For further information please contact:
Ivan Keane – Group Company Secretary and General Counsel – 020 3320 2206
Gerry Absalom – Deputy Group Company Secretary – 020 3320 2317
Charles Taylor plc
2 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