Grant of Share Incentives to Directors

RNS Number : 7870E

Beazley PLC

13 February 2018

 

Beazley plc

London, 13 February 2018

Grant of Share Incentives to Directors

Beazley plc announces that the following grants of deferred share bonus awards under the Beazley plc Deferred Share Plan were made to the following Directors on 13 February 2018.

Director	Number of ordinary shares of 5 pence each over which awards were granted
M L Bride	18,072
A P Cox	27,108
D A Horton	30,723
N P Maidment	22,590

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 each were made to the following Directors on 13 February 2018.   

Director	Number of nil-cost options over ordinary shares
M L Bride	89,458
A P Cox	95,151
D A Horton	169,338
N P Maidment	95,151

In all cases, there was no consideration for the grant of the awards and the exercise price is nil.  Ordinarily, 50% of each award will become exercisable on the third anniversary of the date of grant, and 50% on the fifth anniversary of the date of grant. 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.

For further information, please contact:

Beazley plc

Christine Oldridge

[phone]

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation (No. 596/2014).

Notification of transactions of persons discharging managerial responsibility or connected persons

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Martin Bride
2	Reason for the notification
a)	Position/status		Director
b)	Initial notification/amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Beazley plc
b)	LEI		213800VTOMUWD41GIT12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB00BYQ0JC66
b)	Nature of the transaction	1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP'). 2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1.   LTIP 0.00p 89,458 2.   Deferred 0.00p 18,072
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	13 February 2018
f)	Place of the transaction	Grant of the options occurred outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Adrian Cox
2	Reason for the notification
a)	Position/status		Director
b)	Initial notification/amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Beazley plc
b)	LEI		213800VTOMUWD41GIT12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB00BYQ0JC66
b)	Nature of the transaction	1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP'). 2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1.   LTIP 0.00p 95,151 2.   Deferred 0.00p 27,108
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	13 February 2018
f)	Place of the transaction	Grant of the options occurred outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Andrew Horton
2	Reason for the notification
a)	Position/status		Director
b)	Initial notification/amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Beazley plc
b)	LEI		213800VTOMUWD41GIT12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB00BYQ0JC66
b)	Nature of the transaction	1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP'). 2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1.   LTIP 0.00p 169,338 2.    Deferred 0.00p 30,723
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	13 February 2018
f)	Place of the transaction	Grant of the options occurred outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Neil Maidment
2	Reason for the notification
a)	Position/status		Director
b)	Initial notification/amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Beazley plc
b)	LEI		213800VTOMUWD41GIT12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB00BYQ0JC66
b)	Nature of the transaction	1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP'). 2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1.   LTIP 0.00p 95,151 2.   Deferred 0.00p 22,590
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	13 February 2018
f)	Place of the transaction	Grant of the options occurred outside a trading venue.

Note to editors:

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2017, underwrote gross premiums worldwide of $2,343.8 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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