Vesting of Share Incentives for Directors and PDMR

RNS Number : 8131P
Beazley PLC
12 February 2019
 

Beazley plc

London 12 February 2019

Vesting of Share Incentives/Options for Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")

 

Beazley plc announces that the following PDMRs have interests in deferred share awards, which were granted on 9 February 2016 under the Company's Deferred Share Plan. These deferred share awards have vested as set out below. 

 

Director

No of Deferred share awards vested

ML Bride

67,070

AP Cox

83,838

DA Horton

108,990

 

Beazley plc further announces that the PDMRs also exercised nil cost options, which had been awarded on 11 February 2014 and 9 February 2016 under the Company's Long Term Incentive Plan, and which were available to be exercised.

 

Director

No of nil cost options exercised  in respect of 11 February 2014 awards

No of nil cost options exercised in respect of 9 February 2016 awards 

ML Bride

52,684

11,353

AP Cox

56,730

12,190

DA Horton

100,802

21,659

 

 

 

For further information, please contact:

Beazley plc

Christine Oldridge

+44 (0)20 7674 7758

 

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation (No. 596/2014).

Notification of transactions of persons discharging managerial responsibility or connected persons

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Martin Bride

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Beazley plc

b)

LEI

213800VTOMUWD41GIT12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

67,070

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Vesting of the shares occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

52,684

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

11,353

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Cox

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Beazley plc

b)

LEI

213800VTOMUWD41GIT12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

83,838

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Vesting of the shares occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

56,730

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

12,190

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Horton

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Beazley plc

b)

LEI

213800VTOMUWD41GIT12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

108,990

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Vesting of the shares occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

100,802

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised   under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

21,659

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

11 February 2019

f)

Place of the transaction

Exercise of the options occurred outside a trading venue

 

 

Note to editors:

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2018, underwrote gross premiums worldwide of $2,615.3 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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