Company Announcements
Vesting of Share Incentives/Options for Directors
Related Companies
By LSE RNS
Beazley plc
London, 15 February 2017
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 11 February 2014 under the company's Deferred Plan. These deferred share awards have now vested and were transacted as set out below.
|
Director |
No of Deferred share awards vested |
No of ordinary shares sold |
|
ML Bride |
97,755 |
97,755 |
|
AP Cox |
109,837 |
51,586 |
|
DA Horton |
191,758 |
191,758 |
|
NP Maidment |
146,450 |
146,450 |
|
CA Washbourn |
146,450 |
146,450 |
The average price for the disposal of the ordinary shares of 5 pence each was 424.336p and the shares were received for no consideration.
Beazley plc further announced that the PDMRs also exercised nil cost options, which had been awarded on 11 February 2014 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 ordinary shares sold in respect of 11 February 2014 awards |
|
ML Bride |
84,025 |
84,025 |
|
AP Cox |
90,478 |
90,478 |
|
DA Horton |
160,769 |
160,769 |
|
NP Maidment |
90,478 |
90,478 |
|
CA Washbourn |
90,478 |
90,478 |
The average price for the disposal of the ordinary shares of 5 pence each was 424.336p.
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the vesting of shares under the Beazley plc Deferred Share Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sales of shares to cover income tax and NICs liability from the vesting of shares under the Beazley plc Deferred Share Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the vesting of shares under the Beazley plc Deferred Share Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||||
|
a) |
Name |
Neil Maidment |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the vesting of shares under the Beazley plc Deferred Share Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||||
|
a) |
Name |
Clive Washbourn |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the vesting of shares under the Beazley plc Deferred Share Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
|
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) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
13 February 2017 |
|||||
|
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 |
Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated information - Aggregated volume -Price |
n/a n/a |
|||||
|
e) |
Date of the transaction |
15 February 2017 |
|||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|||||
Note to editors:
Beazley plc (BEZ) is the parent company of specialist insurance businesses with operations
in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2016, underwrote gross premiums worldwide of $2,195.6 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
This information is provided by RNS
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