Vesting of Share Incentives/Options for Directors

RNS Number : 9216B

Beazley PLC

09 April 2013

 



Beazley plc

Dublin, 9^th April 2013

Vesting of Share Incentives/Options for Directors

Beazley plc ("the Company") announces that on 8^th April 2013, the following Directors exercised and sold nil cost options which had vested. Following exercise of the options, the average price for the disposal of the ordinary shares of 5 pence each was 210.40p.

Director	LTIP	No of nil cost options exercised	No of Shares Sold	No of ordinary shares as at 8th April 2013	Shareholding as a percentage of the issued ordinary share capital
DA Horton	18th February 2010	306,546	144,583	1,555,087	0.3%
NP Maidment	18th February 2010	177,145	83,551	3,806,806	0.73%
JG Gray	18th February 2010	177,145	177,145	1,009,549	0.19%
ML Bride	18th February 2010	147,621	147,621	357,550	0.07%
ML Bride	27th April 2009	100,000	100,000	357,550	0.07%

The Company further announces that Mr Bride and his spouse also each sold 14,800 ordinary shares in the Company at a price of 210.40pper share. 

As at 8^th April 2013, Mr Bride and his connected person/s were interested in 327,950 ordinary shares, representing approximately 0.06% of the issued share capital of the Company.

This notification is made in accordance with DTR 3.1.

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 2012, underwrote gross premiums worldwide of $1,895.9 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 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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