CHARLES TAYLOR PLC - Director/PDMR Shareholding
Updated : 10:50
CHARLES TAYLOR PLC - Director/PDMR Shareholding
PR Newswire
London, May 9
Charles Taylor plc (“the Company”)
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
THE COMPANY’S LONG TERM INCENTIVE PLAN
Following the approval of the Directors’ Remuneration Policy at the Company’s Annual General Meeting held on 8 May 2019, David Marock, Group Chief Executive Officer, was granted conditional share awards over 196,510 ordinary shares of 1p each in the Company (“Shares”), under the Charles Taylor Long Term Incentive Plan 2017 (the “LTIP”).
The number of Shares which vest will depend upon the extent to which the performance conditions are met over the three-year period ending 31 December 2021, subject to the LTIP rules and the Malus and Clawback Policy.
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 | Grant of a share award under the LTIP | ||||
| c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information -Aggregated volume | N/A (single transaction) | ||||
| e) | Date of the transaction | 2019-05-08 | ||||
| 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
9 May 2019
Notes to editors
About Charles Taylor www.ctplc.com
Charles Taylor plc is a global provider of insurance-related technical services and solutions dedicated to enabling the global insurance market to do its business fundamentally better.
We have been providing insurance-related professional services and technological solutions since 1884. Today, we employ over 2,900 staff in more than 100 locations spread across 30 countries in Europe, the Americas, Asia Pacific, the Middle East and Africa.
We are distinctive in our market in that our professional services and technological solutions support every stage of the insurance lifecycle and every aspect of the insurance operating model. For the Property & Casualty (P&C) insurance market, we handle all major commercial lines, along with the more technical areas of personal lines; we do so similarly for the life and health insurance markets.
The clients we support range from insurers - including corporates, mutuals, captives, MGAs, Lloyd's syndicates and reinsurers - to brokers, distributors and corporate insureds.
Our market-leading breadth of services and solutions, world?class technical expertise, extensive global presence and 100% focus on insurance means we can manage and resolve virtually any insurance-related matter, wherever and whenever it occurs.