Director/PDMR Shareholding

RNS Number : 8129I

Beazley PLC

18 March 2010

 



Beazley plc

Director/PDMR shareholding

Dublin, 18 March 2010

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

Beazley plc ("the Company") announces that the following PDMRs have interests in deferred shares and retention shares that were awarded under the Company's Deferred Share Bonus Plan and Retention Plan in March 2007.  All of the deferred shares have now vested and were sold in whole or in part (excluding shares acquired by A P Cox) on the 16^th March 2010.  A portion of the retention shares have vested and were acquired by A P Cox on the 16^th March 2010.

The average price for the disposal of the ordinary shares of 5 pence each was 107.89p and the shares were received for no consideration.

PDMR	Scheme	No of shares vested	No of shares sold	No of ordinary shares as at 16th March 2010	Shareholding as a percentage of the issued ordinary share capital
A F Beazley	Deferred	146,368	146,368	3,423,271	0.64%
N H Furlonge	Deferred	73,184	73,184	1,689,651	0.32%
J G Gray	Deferred	124,412	124,412	2,487,026	0.47%
D A Horton	Deferred	124,412	51,189	783,615	0.15%
N P Maidment	Deferred	124,412	51,189	3,407,844	0.64%
C A Washbourn	Deferred	109,776	45,167	237,004	0.04%
A P  Cox	Deferred and retention	73,184	0	172,084	0.03%
D G Marock	Deferred	54,888	22,584	75,944	0.01%

Beazley Plc was informed of these transactions on 16^th March 2010.

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, Asia and Australia.  Beazley manages five Lloyd's syndicates and, in 2009, underwrote gross premiums worldwide of £1,115.5 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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