Allotment of Shares

RNS Number : 6415P

Beazley PLC

19 February 2016

 

Beazley plc

Dublin, 19 February 2016

Allotment of Shares

In accordance with the FCA's Disclosure and Transparency Rules, Beazley plc ("the Company") confirms that it has allotted 1,913,909 ordinary shares of 5p each to satisfy the vesting of shares awarded under the Company's Long Term Incentive Plan (LTIP) to PDMRs ("Persons Discharging Managerial Responsibilities") and other eligible employees. The admission of the new ordinary shares became effective, and dealings in the new ordinary shares commenced at 8.00 a.m. on 19 February 2016.

Further to the announcement on 17 February 2016, 675,808 of the 1,913,909 allotted shares were in relation to the interests of PDMRs.  Directors' interests following this allotment are set out below.

Director	Shareholding as  a percentage of the issued ordinary share capital prior to share allotment	No of ordinary shares held following share allotment	Shareholding as a percentage of the issued ordinary share capital
ML Bride	0.06	321,400	0.06
AP Cox	0.15	758,047	0.14
DA Horton	0.31	1,708,612	0.33
NP Maidment	0.56	2,907,523	0.56
CA Washbourn	0.09	461,346	0.09

As at the close of business on 19 February 2016, the Company's issued ordinary share capital will consist of 523,353,340 ordinary shares of 5p each. Accordingly, the total number of voting rights in the Company as at the close of business on 19 February 2016 will be 523,353,340.

This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the rules.

For further information, please contact:

Beazley plc

Sian Coope

[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 million. All Lloyd's syndicates are rated A by A.M. Best. 

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com

 

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