CHARLES TAYLOR PLC - Director/PDMR Shareholding

Charles Taylor plc (“the Company”)

Director/PDMR Shareholding

The Company announces that on 20 March 2017, the following Executive Directors, PDMR 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 20 March 2014 under the Charles Taylor Long Term Incentive Plan 2007 (LTIP), which vested in full on 20 March 2017.  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 requested that the Trustee transfer the balance into their name as indicated below:-

Executive Director: Number of shares vesting: Number of shares sold: Number of shares retained: David Marock 124,250 58,515 65,735 Damian Ely 55,394 26,088 29,306 PDMR: Number of shares vesting: Number of shares sold: Number of shares retained: Christian Schirmer 64,211 30,240 33,971

Former Director: Number of shares vesting: Number of shares sold: Number of shares retained: Joe Roach 53,977 16,226 37,751

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 Joe Roach was pro-rated to the date of his resignation on 31 December 2016 in accordance with the rules of the LTIP.

The shares sold were sold on 21 March 2017 at 241.5p per share.  Formal notifications in respect of the Executive Directors and PDMR 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 instrument Identification code	Ordinary shares of 1 pence each GB0001883718
b)	Nature of the transaction	Vesting of a share award under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 124,250
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-20
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 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) £2.415 58,515
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-21
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 instrument Identification code	Ordinary shares of 1 pence each GB0001883718
b)	Nature of the transaction	Vesting of a share award under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 55,394
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-20
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 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) £2.415 26,088
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-21
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 instrument Identification code	Ordinary shares of 1 pence each GB0001883718
b)	Nature of the transaction	Vesting of a share award under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 64,211
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-20
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 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) £2.415 30,240
d)	Aggregated information -Aggregated volume	N/A (single transaction)
e)	Date of the transaction	2017-03-21
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

22 March 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 29 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/

Copyright h 22 PR Newswire