Charles Taylor Director/PDMR Shareholding

 
TIDMCTR 
 
Charles Taylor plc ("the Company") 
 
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING 
 
The Company announces that outstanding share awards granted under the Charles 
Taylor (unapproved) Restricted Share Plan have vested and became exercisable on 
16 January 2020.  The awards vested as a result of the Court sanction of the 
Scheme of Arrangement as announced on 16 January 2020 pursuant to which the 
acquisition of the entire issued share capital of the Company by Jewel BidCo 
Limited at a price of 345p per share will be implemented. Accordingly, Jeffrey 
More, Chief Executive Officer, Charles Taylor Insurance Services (IOM) Limited 
- PDMR, has become the legal and beneficial owner of 1,256 ordinary shares of 
1p each in the Company (Shares). Such Shares will be transferred to Jewel BidCo 
Limited pursuant to the Scheme of Arrangement in the same manner as applies to 
Shares held by all other Company shareholders. 
 
The relevant notifications set out below are provided in accordance with the 
requirements of Article 19 of the EU Market Abuse Regulation. 
 
1   Details  of  the  person  discharging  managerial  responsibilities  / 
     person  closely associated 
 
a)  Name                    Jeffrey More 
 
2   Reason for the notification 
 
a)  Position/status         Chief Executive Officer, Charles Taylor Insurance 
                            Services (IOM) Limited - 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 1p each 
    financial instrument, 
    type of instrument 
                            GB0001883718 
    Identification code 
 
b)  Nature of the           Vesting of share awards granted under the Charles 
    transaction             Taylor (unapproved) Restricted Share Plan as a 
                            result of a Court sanction of the Scheme of 
                            Arrangement. 
 
c)  Price(s) and volume(s)  Price(s)                 Volume(s) 
 
                            3.45                     1,256 
 
 
    Aggregated information  N/A (single transaction) 
d) 
    -Aggregated volume 
 
e)  Date of the transaction 2020-01-16 
 
f)  Place of the            Outside a trading venue 
    transaction 
 
For more information, please contact: 
 
Robert Davison - Group Company Secretary- 02076805666 
 
Chisom Onita - Group Deputy Company Secretary - 02075227437 
 
Charles Taylor plc 
 
21 January 2020 
 
 
 
END 
 

(END) Dow Jones Newswires

January 21, 2020 06:59 ET (11:59 GMT)