Transaction in Own Shares

RNS Number : 3661U

Beazley Group PLC

14 May 2008

 

Beazley Group plc 

London, 14th 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 570,000 Ordinary Shares of 5p each at an average price of 148.14 pence per share.  

The highest price and lowest price paid for these shares were 149.00 pence and 147.25 pence respectively. All the purchased shares will be held as Treasury shares.

Following the above purchase, the Company holds 18,070,644 Ordinary Shares in Treasury.  The number of Ordinary Shares purchased represents 4.91% of the voting rights attributable to the total Ordinary Shares in issue prior to such purchases.

The Company has 350,071,623 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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