Transaction in Own Shares

RNS Number : 1282U

Beazley Group PLC

12 May 2008

 

Beazley Group plc

London, 12th May 2008


Beazley Group Plc - Transaction in own shares


Beazley Group PLC ('the Company') announces that in accordance with paragraph
12.4.6R of the Listing Rules and paragraph 5.5.1R of the Disclosure and
Transparency Rules it has purchased 600,000 Ordinary Shares of 5p each at an
average price of 148.66 pence per share.


The highest price and lowest price paid for these shares were 150.00 pence and
148.00 pence respectively. All the purchased shares will be held as Treasury
shares.


Following the above purchase, the Company holds 16,900,644 Ordinary Shares in
Treasury. The number of Ordinary Shares purchased represents 4.59% of the voting
rights attributable to the total Ordinary Shares in issue prior to such
purchases.

The Company has 351,241,263 Ordinary Shares in issue (excluding Treasury
shares).

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the Disclosure
and Transparency Rules.

For enquiries:

Charles Farquhar - Numis [phone]



Note to editors:

Beazley Group, plc (BEZ.L), based in London, is the parent company of global,
specialist insurance businesses with operations in the UK, US, France, Singapore
and Hong Kong.  Beazley manages two Lloyd's syndicates (Syndicate 2623 and
Syndicate 623) with aggregate underwriting capacity in 2008 of 814m (US$1.6bn).
Both syndicates are rated A by A.M. Best. In the US, Beazley's underwriters
focus on writing specialist insurance products in the admitted market, backed by
Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and
surplus lines risks, backed by the Beazley syndicates at Lloyd's. Beazley
Insurance Company, Inc. is rated A by A.M. Best.


Beazley is a market leader in many of its chosen lines, which include
professional indemnity, commercial property, marine, reinsurance, and personal
lines.


For more information please go to: www.beazley.com

 

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