Charles Taylor Director/PDMR Shareholding

 
TIDMCTR 
 
Charles Taylor plc ("the Company") 
 
Director/PDMR Shareholding 
 
The Company announces that on 4 April 2018, the following Executive Directors 
received nil cost performance share awards over ordinary shares of 1p each in 
the Company ("Shares") pursuant to the vesting of awards made on 19 March 2015 
under the Charles Taylor Long Term Incentive Plan 2007 (LTIP).  The original 
number of shares awarded was adjusted to take account of the Company's rights 
issue in 2015 using TERP.  The vesting of the awards was subject to a 
performance condition, which has resulted in the awards vesting at 69.2% of the 
maximum allocation.  The number of Shares issued reflects this and includes 
shares representing the dividends that recipients would have accrued on the 
vested shares in the period in accordance with the rules of the LTIP. 
 
On the maturity of the awards, the tax and NI liabilities arising were net 
settled and a portion of the Shares were withheld for each of the recipients. 
 The balance of Shares due to each recipient was then transferred into the 
recipients' names by the Trustee of the Charles Taylor Employees' Share 
Ownership Plan, as indicated below: 
 
Executive          Number of shares   Number of shares   Balance of shares 
Director:          vesting:           withheld to meet   transferred: 
                                      tax liabilities: 
 
David Marock       83,072             39,044             44,028 
 
Damian Ely         37,036             17,407             19,629 
 
Mark Keogh         59,229             27,838             31,391 
 
Formal notifications in respect of the Executive Directors 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/   Initial notification 
    Amendment 
 
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      Ordinary shares of 1 pence each 
    financial instrument, 
    type of instrument 
                            GB0001883718 
    Identification code 
 
b)  Nature of the           Vesting of a share award under the LTIP 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            Nil                      83,072 
 
 
d)  Aggregated information  N/A (single transaction) 
 
    -Aggregated volume 
 
e)  Date of the transaction 2018-04-04 
 
f)  Place of the            Outside a trading venue 
    transaction 
 
 
 
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/   Initial notification 
    Amendment 
 
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      Ordinary shares of 1 pence each 
    financial instrument, 
    type of instrument 
                            GB0001883718 
    Identification code 
 
b)  Nature of the           Vesting of a share award under the LTIP 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            Nil                      37,036 
 
 
d)  Aggregated information  N/A (single transaction) 
 
    -Aggregated volume 
 
e)  Date of the transaction 2018-04-04 
 
f)  Place of the            Outside a trading venue 
    transaction 
 
 
 
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/   Initial notification 
    Amendment 
 
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      Ordinary shares of 1 pence each 
    financial instrument, 
    type of instrument 
                            GB0001883718 
    Identification code 
 
b)  Nature of the           Vesting of a share award under the LTIP 
    transaction 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            Nil                      59,229 
 
 
d)  Aggregated information  N/A (single transaction) 
 
    -Aggregated volume 
 
e)  Date of the transaction 2018-04-04 
 
f)  Place of the            Outside a trading venue 
    transaction 
 
For more information, please contact: 
 
Ivan Keane - Group Company Secretary and General Counsel - 020 3320 2206 
 
Susan Morgan - Deputy Group Company Secretary - 020 3320 8814 
 
Charles Taylor plc 
 
6 April 2018 
 
Notes to editors 
 
About Charles Taylor  www.ctplc.com 
 
Charles Taylor Plc supports and enables the insurance market to meet the 
continually evolving challenges it faces.  We provide technical services to 
make the business of insurance work fundamentally better.  We have been 
providing insurance-related technical services and solutions since 1884 and 
today we employ over 2,100 permanent and contract staff in 107 locations spread 
across 29 countries in the UK, the Americas, Asia Pacific, Europe the Middle 
East and Africa. 
 
We are unique in our market in that our services support every stage of the 
insurance lifecycle and every aspect of the insurance operating model.  We 
develop and operate insurance vehicles on behalf of our clients, manage claims 
programmes and adjust losses. We handle legacy and run-off portfolios, provide 
a variety of specialist operational support services and offer solutions and 
support to drive insurance technology transformation. 
 
Charles Taylor's breadth of services, technical skills and resources and global 
presence means the Group can manage and resolve virtually any insurance-related 
matter, wherever and whenever it occurs. 
 
 
 
END 
 

(END) Dow Jones Newswires

April 06, 2018 07:33 ET (11:33 GMT)