Grant of Share Incentives to Directors

RNS Number : 8414X

Beazley PLC

14 February 2013

 



Beazley plc

Dublin, 14^th February 2013

Grant of Share Incentives to Directors

This notification is made in accordance with DTR 3.1.

Beazley plc announces that the following grants of deferred share bonus awards under the Beazley plc Deferred Share Plan were made to the under mentioned Directors on 13^th February 2013.  

Director	No. of ordinary shares of 5 pence each over which awards were granted
M L Bride	88,149
A P Cox	117,532
J G Gray	48,972
D A Horton	176,298
N P Maidment	132,223
C A Washbourn	176,298

In all cases there was no consideration for the grant of the awards.  Awards will normally vest on the third anniversary of the date of grant subject to continued employment. 

Beazley plc further announces that the following grants of nil cost options under the Beazley plc Long Term Incentive Plan ("LTIP") over the Company's ordinary shares of 5p were made to the under mentioned Directors on 13^th February 2013.   

Director	Number of nil-cost options over ordinary shares
M L Bride	220,372
A P Cox	235,064
J G Gray	237,268
D A Horton	421,645
N P Maidment	237,268
C A Washbourn	237,268

In all cases there was no consideration for the grant of the award and the exercise price is nil for all the awards.  Ordinarily, 50% of each award will become exercisable in three years time, and 50% in five years time. The awards will vest to the extent that the performance condition is satisfied, and are also subject to the participant both meeting shareholding requirements and to their continued employment.

Beazley plc was informed of these transactions on 13^th February 2013.

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 2012, underwrote gross premiums worldwide of $1,895.9 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

 

END

 

 

RDSEAXADFLDDEFF