Vesting of Share Incentives

RNS Number : 3037Q

Beazley PLC

30 July 2010

 



Beazley plc

Dublin, 30^th July 2010

Vesting of Share Incentives for a Director and other Person Discharging Managerial Responsibilities (together "PDMRs")

Beazley plc ("the Company") announces that the following PDMRs have interests in retention shares that were awarded under the Company's Retention Plans in March 2005 and March 2006.  All of the retention shares have now vested and were transacted as set out in the table below.

The average price for the disposal of the ordinary shares of 5 pence each was 108.309p and the shares were received for no consideration.

PDMR	No of shares vested	No of shares sold	No of ordinary shares as at 30th July 2010	Shareholding as a percentage of the issued ordinary share capital
DG Marock	9,001	3,719	86,886	0.02%
DA Horton	74,298	30,570	846,058	0.16%

Beazley Plc was informed of these transactions on 23^rd March 2010.

For further information, please contact:

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 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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