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By LSE RNS

RNS Number : 4370B
Beazley PLC
03 April 2017
 

Beazley plc

London, 3 April 2017

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

 

Beazley plc announces that the following PDMRs have exercised nil cost options, which had been awarded on 30 March 2012 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 30 March 2012 awards

No of ordinary shares sold in respect of 30 March 2012 awards

ML Bride

141,183

141,183

AP Cox

141,183

141,183

DA Horton    

292,825

292,825

NP Maidment

164,714

164,714

CA Washbourn

164,714

164,714

 

The average price for the disposal of the ordinary shares of 5 pence each was 429.75p.

 

 

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

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

141,183

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

30 March 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)

Price(s)

Volume(s)

429.75p

141,183

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

31 March 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

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

141,183

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

30 March 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)

Price(s)

Volume(s)

429.75p

141,183

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

31 March 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

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

292,825

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

30 March 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)

Price(s)

Volume(s)

429.75p

292,825

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

31 March 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

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

164,714

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

30 March 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)

Price(s)

Volume(s)

429.75p

164,714

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

31 March 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

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

164,714

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

30 March 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)

Price(s)

Volume(s)

429.75p

164,714

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

31 March 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
The company news service from the London Stock Exchange
 
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