Director/PDMR Shareholding

RNS Number : 2289A

Beazley PLC

17 February 2014

 



Beazley plc

Director shareholding

Dublin, 17^th February 2014

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

Beazley plc ("the Company") announces that the following PDMRs have interests in deferred shares, which had been awarded on 14 February 2011 under the company's Deferred Plan. These deferred shares have now vested under the plan and were transacted as set out below.  

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

Director	No of Deferred shares vested	No of Deferred shares sold	No of nil cost options exercised	No of nil cost options Sold	No of ordinary shares as at 14 February 2014	Shareholding as a percentage of the issued ordinary share capital
ML Bride	94,197	94,197	144,122	144,122	350,000	0.07%
AP Cox	131,876	131,876	144,122	67,875	658,232	0.13%
JG Gray	94,197	94,197	172,946	172,946	759,549	0.15%
DA Horton	188,394	138,394	307,460	207,460	1,780,087	0.34%
NP Maidment	150,715	110,715	172,946	122,946	3,907,523	0.75%
CA Washbourn	188,394	188,394	172,946	172,946	610,331	0.12%

The average price for the disposal of the ordinary shares of 5 pence each was 263.60p and the shares were received for no consideration.

Beazley plc ("the Company") further announces that on 14 February, Mr NP Maidment transferred 90,000 shares to his spouse, Elizabeth Louise Maidment.

It was further announced that Mr AP Cox transferred 76,247 shares to his spouse, Elaine Anne-Marie O'Connor-Cox.

These notifications were made in accordance with DTR 3.1.

Beazley plc was informed of these transactions on 14 February 2014.

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 2013, underwrote gross premiums worldwide of $1,970.2 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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