Grant of Share Option to a Director

RNS Number : 8354J

Beazley PLC

04 April 2018

 

Beazley plc

London, 4 April 2018

Grant of Share Option to a Director

Beazley plc announces that the following grants of share options under the Beazley plc all employee, UK Save As You Earn plan were made to the below listed directors on 4 April 2018 to acquire ordinary 5p shares in the capital of the Company.  

Director	Number of ordinary shares of 5 pence each over which options were granted	Option price
Andrew Horton	2,042	£4.4053
Neil Maidment	2,042	£4.4053

The awards are not subject to any performance conditions but the directors have entered into a savings contract of three years under the plan and the awards become exercisable from July 2021.

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		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	Grant of share options under the Beazley plc Save As You Earn plan ('SAYE).
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) Grant of options 440.53p 2,042
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	4 April 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	Grant of share options under the Beazley plc Save As You Earn plan ('SAYE).
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) Grant of options 440.53p 2,042
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	4 April 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

 

END

 

 

DSHBXGDSDXGBGIS