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Grant of Share Option to a Director

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By LSE RNS

RNS Number : 4963C
Beazley PLC
13 April 2017
 

Beazley plc

London, 13 April 2017

Grant of Share Option to a Director

Beazley plc announces that the following grant of share options under the Beazley plc all employee, UK Save As You Earn plan were made to Andrew Horton on 13 April 2017 to acquire ordinary 0.5p shares ('Shares') in the capital of the Company.  Details of the number of Shares over which awards were granted and the option price are set out in the table below.

Director

Number of ordinary shares of 5 pence each over which options were granted 

Option price

D A Horton     

2,561

£3.5139

The award is not subject to any performance conditions but the director has entered into a savings contract of three years under the plan and the awards become exercisable from July 2020.

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

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

Grant of share options under the Beazley plc Save As You Earn plan ('SAYE).

c)

Price(s) and volume(s)

Transaction

Price(s)

Volume(s)

SAYE

351.39p

2,561

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

13 April 2017

f)

Place of the transaction

Grant of the options occurred outside a trading venue.

 

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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