Vesting of Share Incentives/Options

RNS Number : 7319A

Beazley PLC

03 April 2012

 



Beazley plc

Dublin, 3 April 2012

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

Beazley plc ("the Company") announces that on 2 April 2012 the following PDMR exercised and sold nil cost options, which had been awarded on 16 February 2009 under the company's LTIP, and which were available to be exercised.

Following exercise of the option, the average price for the disposal of the ordinary shares of 5 pence each was 140.10p.

PDMR	No of nil cost options exercised	No of Shares Sold	Option Cost	No of ordinary shares as at 2 April  2012	Shareholding as a percentage of the issued ordinary share capital
J G Gray	198,750	198,750	NIL	1,259,549	0.24%

Beazley Plc was informed of this transaction on 2 April 2012.

This notification is made in accordance with DTR 3.1.

For further information, please contact:

Beazley plc

David Turner

[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 2011, underwrote gross premiums worldwide of $1,712.5 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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