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Beazley PLC (BEZ)

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Monday 02 April, 2012

Beazley PLC

Director/PDMR Shareholding

RNS Number : 6205A
Beazley PLC
02 April 2012
 



Beazley plc

Director/PDMR shareholding

Dublin, 2nd April 2012

Grant of Nil Cost Options to Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")

Beazley plc announces that grants of nil cost options under the Beazley plc Long Term Incentive Plan ("LTIP"), which was approved by shareholders at the AGM on 27th March 2012, were made to the under mentioned PDMRs on 30th March 2012.   

PDMR

Number of nil-cost options over ordinary shares

J G Gray       

329,428

 

D A Horton     

585,651

 

N P Maidment   

329,428

 

C A Washbourn  

329,428

 

M L Bride

282,367

 

A P  Cox          

282,367

 

In all cases there was no consideration for the grant of the award and the exercise price is nil for all the awards.  Ordinarily, 50% of each award will become exercisable in three years time, and 50% in five years time. The awards will vest to the extent that the performance condition is satisfied, and are also subject to the participant both meeting shareholding requirements and to their continued employment.

Beazley plc was informed of these transactions on 30th March 2012.

This notification is made in accordance with DTR 3.1.

 

 

For further information, please contact:

Beazley plc

David Turner

+353 (0)1 854 4700

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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