Beazley PLC -Director/PDMR Shareholding

RNS Number : 2912P

Beazley PLC

17 February 2016

 

Beazley plc

Dublin, 17 February 2016

Vesting of Share Incentives/Options for Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")

In accordance with DTR 3.1, Beazley plc ("the company") announces that the following PDMRs have interests in deferred share awards, which were granted on 13 February 2013 under the company's Deferred Plan. These deferred share awards have now vested and were transacted as set out below. 

Director	No of Deferred share awards vested	No of ordinary shares sold
ML Bride	88,149	88,149
AP Cox	117,532	117,532
DA Horton	176,298	176,298
NP Maidment	132,223	132,223
CA Washbourn	176,298	176,298

The average price for the disposal of the ordinary shares of 5 pence each was 363.50p and the shares were received for no consideration.

It was further announced that the PDMRs also exercised nil cost options, which had been awarded on 14 February 2011 under the company's Long Term Incentive Plan, and which were available to be exercised.

Director	No of nil cost options exercised  in respect of  14 February 2011 awards	No of ordinary shares sold in respect of  14 February 2011 awards
ML Bride	144,122	144,122
AP Cox	144,122	144,122
DA Horton	307,460	307,460
NP Maidment	172,946	172,946
CA Washbourn	172,946	172,946

The average price for the disposal of the ordinary shares of 5 pence each was 363.50p.

It was further announced that the PDMRs also sold nil cost options which had been awarded on 13 February 2013 under the company's Long Term Incentive Plan.

Director	No of nil cost options in respect of 13 February 2013 awards	No of nil cost options sold in respect of the 13 February 2013 awards
ML Bride	110,186	110,186
AP Cox	117,532	117,532
DA Horton	210,822	99,335
NP Maidment	118,634	118,634
CA Washbourn	118,634	118,634

The average price for the disposal of the nil cost options over ordinary shares was 363.50p. The ordinary shares in respect of the options will be allotted on 19 February 2016, at which time a further announcement will be made.

Director	No of ordinary shares immediately prior to the transactions	Shareholding as a percentage of the issued ordinary share capital	No of ordinary shares following the expected share allotment
ML Bride	321,400	0.06	321,400
AP Cox	758,047	0.15	758,047
DA Horton	1,597,125	0.33	1,708,612
NP Maidment	2,907,523	0.56	2,907,523
CA Washbourn	461,346	0.09	461,346

Beazley plc had been informed that these transactions took place on 15 February 2016.

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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