Director/PDMR Shareholding

RNS Number : 2898B

Beazley PLC

15 February 2011

 



Beazley plc

Director/PDMR shareholding

Dublin, 15^th February 2011

Grant of Share Incentives to Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")

This notification is made in accordance with DTR 3.1.4(1)(a)

Beazley plc announces that the following grants of deferred share bonus awards under the Beazley plc Deferred Share Plan were made to the under mentioned PDMRs on 14^th February 2011. 

PDMR	No. of ordinary shares of 5 pence each over which awards were granted
N H Furlonge	75,357
J G Gray	94,197
D A Horton	188,394
N P Maidment	150,715
C A Washbourn	188,394
M L Bride	94,197
A P Cox	131,876
D G Marock	94,197

In all cases there was no consideration for the grant of the awards.  Awards will normally vest on the third anniversary of the date of grant subject to continued employment. 

Beazley plc further announces that the following grants of share incentive awards under the Beazley plc Long Term Incentive Plan - ("LTIP") over the Company's ordinary shares of 5p were made to the under mentioned PDMRs on 14^th February 2011.   

PDMR	Awards over No. of Shares (awards in the form of nil-cost options)
N H Furlonge	293,896
J G Gray	345,892
D A Horton	614,920
N P Maidment	345,892
C A Washbourn	345,892
M L Bride	288,244
A P Cox	288,244
D G Marock	259,984

In all cases there was no consideration for the grant of the awards and the exercise price is nil for all the awards.  Ordinarily, 50% of each award will become exercisable in three years time, subject to the satisfaction of the performance conditions, including the requirement to hold Beazley plc shares and to continued employment, and 50% of each award will become exercisable in 5 years time, subject to the satisfaction of the performance conditions including the requirement to hold Beazley plc shares and to continued employment.

Beazley plc was informed of these transactions on 14^th February 2011.

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 2010, underwrote gross premiums worldwide of $1,741.6 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

 

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