Transaction in Own Shares

RNS Number : 7460Y

Beazley PLC

30 December 2010

 



Beazley plc

Dublin, 30^th December 2010

Beazley plc - Transaction in own shares

Beazley plc ("the Company") announces that, as the Company will shortly be entering a close period, the Company has entered into an irrevocable arrangement with its brokers, Numis Securities Limited ("Numis"), to repurchase on its behalf and within certain pre-set parameters, Ordinary Shares of 5p each in the Company between 4 January 2011 and 7 February 2011.

The repurchased shares will all be held as Treasury Shares. 

This arrangement is in accordance with Rules 12.2.1(2)R and 12.4.6R of the Listing Rules and paragraph 5.5.1R of the Disclosure and Transparency Rules and the Company's general authority to repurchase shares.

For enquiries:

Charles Farquhar

Numis Securities Limited

[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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