Charles Taylor plc (“the Company”)

NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING

THE COMPANY’S INCENTIVE PLANS

The Company announces that outstanding share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) have vested and, where relevant, became exercisable on 16 January 2020.  Awards have 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, the executive directors and other Persons Discharging Managerial Responsibility (PDMRs) listed below have become the legal and beneficial owners of ordinary shares of 1p each in the Company (Shares) as shown. 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. Following such transfers, the executive directors and other PDMRs will have no remaining interests in Shares.

The table below shows the number of shares in respect of which awards vested under each incentive plan, which were either issued directly to the recipients, or transferred into the recipients’ names by the Trustee of the Charles Taylor Employees’ Share Ownership Plan, in each case in the same manner as other participants in the incentive plans:

Executive Director: DABP - number of shares vesting:(i) LTIP – number of shares vesting:(ii) Sharesave – number of shares vesting:(iii)
David Marock 90,130 141,571 1,365
Damian Ely 26,816 58,283 1,365
Mark Keogh 15,230 60,922 N/A
PDMR: DABP – number of shares vesting: LTIP – number of shares vesting: Sharesave – number of shares vesting:
Suzanne Deery 49,017 11,705 1,365
Jeremy Grose 147,843 13,770 1,365
Alistair Hardie N/A 9,591 N/A
Ivan Keane 28,472 11,705 1,365
Jeffrey More 36,139 11,705 N/A
Jason Sahota 65,355 31,920 N/A
Richard Wood 69,814 11,705 1,167
Richard Yerbury 81,842 28,673 N/A

Notes

  1. In accordance with the rules of the DABP, and as more fully described in the circular sent to Company shareholders in connection with the Scheme of Arrangement, DABP awards vested in full.
  2. The LTIP awards have vested as follows:
    1. LTIP 2017 Grant: the vesting of awards was subject to performance conditions and time prorating which resulted in the awards vesting at 46% of the maximum allocation.
    2. LTIP 2018 Grant: the vesting of awards was subject to performance conditions and time prorating which resulted in the awards vesting at 29% of the maximum allocation.
    3. LTIP 2019 Grant: the vesting of awards was subject to performance conditions and time prorating which resulted in the awards vesting at 25% of the maximum allocation.
  1. The Sharesave is an all employee plan. Participants have exercised options using accumulated savings at discounted option prices between £2.05 and £2.17 per Share in connection with the Scheme of Arrangement, making a gain on the difference between the option price and the 345p offer price.

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 David Marock
2 Reason for the notification
a) Position/status Group Chief Executive Officer - Executive Director
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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 90,130 (DABP)
345p 141,571 (LTIP)
345p 1,365 (Sharesave)

d)

Aggregated information

-Aggregated volume



233,066

£804,077.70
e) Date of the transaction 2020-01-16
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 - Executive Director
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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 26,816 (DABP)
345p 58,283 (LTIP)
345p 1,365 (Sharesave)

d)

Aggregated information

-Aggregated volume



86,464

£298,300.80

 
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

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 - Executive Director
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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP) and the Charles Taylor Long Term Incentive Plans (LTIP) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 15,230 (DABP)
345p 60,922 (LTIP)

d)

Aggregated information

-Aggregated volume



76,152
£262,724.40


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Suzanne Deery
2 Reason for the notification
a) Position/status Director of Human Resources - 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 49,017 (DABP)
345p 11,705 (LTIP)
345p 1,365 (Sharesave)

d)

Aggregated information

-Aggregated volume



62,087
£214,200.15


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Jeremy Grose
2 Reason for the notification
a) Position/status Chief Executive Officer, Management Services - 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 147,843 (DABP)
345p 13,770 (LTIP)
345p 1,365 (Sharesave)

d)

Aggregated information

-Aggregated volume



162,978
£562,274.10


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Alistair Hardie
2 Reason for the notification
a) Position/status Chief Executive Officer, CEGA - 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Long Term Incentive Plans (LTIP) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 9,591 (LTIP)

d)

Aggregated information

-Aggregated volume



9,591
£33,088.95


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Ivan Keane
2 Reason for the notification
a) Position/status Group General Counsel - 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 1p each


GB0001883718
 
b) Nature of the transaction





 
Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement


 
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 28,472 (DABP)
345p 11,705 (LTIP)
345p 1,365 (Sharesave)

d)

Aggregated information

-Aggregated volume



41,542
£143,319.90


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

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/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 1p each


GB0001883718
 
b) Nature of the transaction





 
Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP) and the Charles Taylor Long Term Incentive Plans (LTIP) as a result of a Court sanction of the Scheme of Arrangement
 
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 36,139 (DABP)
345p 11,705  (LTIP)

d)

Aggregated information

-Aggregated volume



47,844
£165,061.80


     
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Jason Sahota
2 Reason for the notification
a) Position/status Chief Information Officer and Chief Executive Officer, Charles Taylor InsureTech - 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP) and the Charles Taylor Long Term Incentive Plans (LTIP) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 65,355 (DABP)
345p 31,920 (LTIP)

d)

Aggregated information

-Aggregated volume



97,275
£335,598.75


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Richard Wood
2 Reason for the notification
a) Position/status President & Chief Executive Officer, Charles Taylor Americas - 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP), the Charles Taylor Long Term Incentive Plans (LTIP) and the Charles Taylor Sharesave Scheme (Sharesave) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 69,814 (DABP)
345p 11,705 (LTIP)
345p 1,167 (Sharesave)

d)

Aggregated information

-Aggregated volume



82,686
£285,266.70


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

   

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a) Name Richard Yerbury
2 Reason for the notification
a) Position/status Group Corporate Development and Operations 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 1p each


GB0001883718
 
b) Nature of the transaction Vesting of share awards granted under the Charles Taylor Deferred Annual Bonus Plan (DABP) and the Charles Taylor Long Term Incentive Plans (LTIP) as a result of a Court sanction of the Scheme of Arrangement
c) Price(s) and volume(s)
Price(s) Volume(s)
345p 81,842 (DABP)
345p 28,673 (LTIP)

d)

Aggregated information

-Aggregated volume



110,515
£381,276.75


345p
e) Date of the transaction 2020-01-16
f) Place of the transaction Outside a trading venue

For more information, please contact:

Robert Davison – Group Company Secretary– 02076805666

Chisom Onita – Group Deputy Company Secretary – 02075227437

Charles Taylor plc

21 January 2020

Copyright y 21 PR Newswire

Charles Taylor (LSE:CTR)
Gráfico Histórico do Ativo
De Jul 2020 até Ago 2020 Click aqui para mais gráficos Charles Taylor.
Charles Taylor (LSE:CTR)
Gráfico Histórico do Ativo
De Ago 2019 até Ago 2020 Click aqui para mais gráficos Charles Taylor.