Transaction in Own Shares

RNS Number : 3483Y

Beazley PLC

21 December 2010

 



Beazley plc

Dublin, 21^st December 2010

Beazley plc - Transaction in own shares

Vesting of share incentives of Directors and other Persons Discharging Managerial Responsibilities (together, "PDMRs") and notification of transactions by PDMRs or their connected persons

Beazley plc (the "Company") announces that Mr Clive Washbourn and Mr Andrew Horton, both PDMRs, have interests in retention shares that were awarded under the Company's Retention Plan in December 2006 and October 2007, respectively.  261,025 retention shares have now vested with each of Mr Washbourn and Mr Horton and these shares were transacted as set out below.

The shares were received by each of Mr Washbourn and Mr Horton for no consideration and the average price for the disposal of each of the ordinary shares of 5 pence was 111 pence and 111.5 pence, respectively.

On 20 December 2010, Mr Washbourn transferred 127,433 shares to his spouse, Mrs Louise Ruth Washbourn. At 20 December 2010, Mr Washbourn and his connected persons were interested in 378,852 Shares, representing approximately 0.07% of the issued share capital of the Company.

On 20 December 2010, Mr Horton transferred 127,433 shares to his spouse, Mrs Sophie Horton. At 20 December 2010, Mr Horton and his connected persons were interested in 973,491 Shares, representing approximately 0.19% of the issued share capital of the Company.

Beazley plc was informed of these transactions on 20 December 2010.

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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