Director/PDMR Shareholding

RNS Number : 4056C

Beazley PLC

04 March 2011

 



Beazley plc

Dublin, 4^th March 2011

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

Beazley plc ("the Company") announces that the following PDMRs have interests in deferred shares that were awarded under the Company's Deferred Share Bonus Plan in March 2008.  All of the deferred shares have now vested and were sold in whole or in part on the 3rd March 2011. 

The average price for the disposal of the ordinary shares of 5 pence each was 125.25p and the shares were received for no consideration.

PDMR	No of shares vested	No of shares sold	No of ordinary shares as at 3rd March 2011	Shareholding as a percentage of the issued ordinary share capital
N H Furlonge	62,896	62,896	1,689,651	0.33%
J G Gray	107,554	107,554	2,487,026	0.48%
D A Horton	105,038	53,758	1,024,771	0.20%
N P Maidment	106,925	54,724	3,514,727	0.68%
C A Washbourn	125,794	125,794	378,852	0.07%
A P  Cox	74,108	37,928	290,269	0.06%
D G Marock	74,108	37,928	147,769	0.03%

Beazley plc ("the Company") further announces that on 4th March 2011, the following 3^rd March 2008 LTIPs were exercised and sold.

The average price for the disposal of the ordinary shares of 5 pence each was 125.52p and the shares were received for no consideration.

PDMR	No of options exercised	No of Shares Sold	Option Cost	No of ordinary shares as at 4th March 2011	Shareholding as a percentage of the issued ordinary share capital
N H Furlonge	31,448	31,448	NIL	1,689,651	0.33%
J G Gray	56,607	56,607	NIL	2,487,026	0.48%
D A Horton	39,310	22,644	NIL	1,041,437	0.20%
N P Maidment	31,448	18,115	NIL	3,528,060	0.68%
C A Washbourn	66,042	66,042	NIL	378,852	0.07%

Beazley plc announces that on 4^th March 2011;

Mr D A Horton transferred 67,946 shares to his spouse, Mrs Sophie Emma Horton.  At 4^th March 2011, Mr Horton and his connected persons were interested in 1,041,437 shares, representing approximately 0.20% of the issued share capital of the Company;

Mr N P Maidment transferred 65,534shares to his spouse, Mrs Elizabeth Louise Maidment.  At 4^th March 2011, Mr Maidment and his connected persons were interested in 3,528,060 shares, representing approximately 0.68% of the issued share capital of the Company;

Mr D G Marock transferred 36,180shares to his spouse, Mrs Deborah Jean Marock.  At 4^th March 2011, Mr Marock and his connected persons were interested in 147,769 shares, representing approximately 0.03% of the issued share capital of the Company;

Mr A P Cox transferred 36,180 shares to his spouse, Mrs Elaine Anne-Marie O'Connor Cox.  At 4^th March 2011, Mr Cox and his connected persons were interested in 290,269 shares, representing approximately 0.06% of the issued share capital of the Company.

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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