Vesting of Share Incentives for Directors

RNS Number : 5236C

Beazley PLC

10 February 2020

 

Beazley plc

London, 10 February 2020

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 8 February 2017 under the Company's Deferred Share Plan. These deferred share awards have vested as set out below. 

Director	No of Deferred share awards vested
Adrian Cox	75,979
Andrew Horton	86,339
Sally Lake	5,755

Beazley plc further announces that the PDMRs also exercised nil cost options, which had been awarded on 10 February 2015 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 10 February 2015 awards
Adrian Cox	46,420
Andrew Horton	82,482
Sally Lake	9,496

For further information, please contact:

Beazley plc

Christine Oldridge

[phone]

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		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 75,979
d)	Aggregated information - Aggregated volume - Price	n/a n/a
e)	Date of the transaction	10 February 2020
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 46,420
d)	Aggregated information - Aggregated volume - Price	n/a n/a
e)	Date of the transaction	10 February 2020
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 86,339
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	10 February 2020
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 82,482
d)	Aggregated information - Aggregated volume - Price	n/a n/a
e)	Date of the transaction	10 February 2020
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		Sally Lake
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 5,755
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	10 February 2020
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 9,496
d)	Aggregated information - Aggregated volume -Price	n/a n/a
e)	Date of the transaction	10 February 2020
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, North America, Latin America and Asia. Beazley manages six Lloyd's syndicates and, in 2019, underwrote gross premiums worldwide of $3,003.9 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's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, cyber liability, 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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