Transaction in Own Shares

RNS Number : 0526Y

Beazley PLC

16 December 2010

 



Beazley plc

Dublin, 15th December 2010

Beazley plc - Transaction in own shares

Beazley 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 125,661 Ordinary Shares of 5p each at an average price of 114.49 pence per share.

The highest and lowest price paid for these shares was 114.75 and 114.00 pence respectively. All the purchased shares will be held as Treasury shares.

Following the above purchase, the Company holds 15,689,816 Ordinary Shares in Treasury. The number of Ordinary Shares purchased represents 2.93% of the voting rights attributable to the total Ordinary Shares in issue prior to such purchases.  

The Company has 519,238,819 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 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 2009, underwrote gross premiums worldwide of £1,115.5 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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