Exercise of LTIPS

RNS Number : 4096A

Beazley PLC

30 March 2012

 



Beazley plc

Dublin, 30 March 2012

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

Beazley plc ("the Company") announces that on 29 March 2012 the following PDMRs exercised and sold 16 February 2009 LTIPs that were available to be exercised.

The average price for the disposal of the ordinary shares of 5 pence each was 137.00p and the shares were received for no consideration.

PDMR	No of options exercised	No of Shares Sold	Option Cost	No of ordinary shares as at 29 March 2012	Shareholding as a percentage of the issued ordinary share capital
D A Horton	202,127	119,471	NIL	1,268,539	0.24%
N P Maidment	197,452	116,708	NIL	3,624,001	0.70%
C A Washbourn	197,452	197,452	NIL	378,852	0.07%

Beazley plc further announces that on 29 March 2012;

Mr D A Horton transferred 82,656 shares to his spouse, Mrs Sophie Emma Horton.  At 29 March 2012, Mr Horton and his connected persons were interested in 1,268,539 shares, representing approximately 0.24% of the issued share capital of the Company;

Mr N P Maidment transferred 80,744 shares to his spouse, Mrs Elizabeth Louise Maidment.  At 29 March 2012, Mr Maidment and his connected persons were interested in 3,624,001 shares, representing approximately 0.70% of the issued share capital of the Company.

For further information, please contact:

Beazley plc

David Turner

[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 2011, underwrote gross premiums worldwide of $1,712.5 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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