Director/PDMR Shareholding

RNS Number : 4153H

Beazley PLC

19 February 2010

 



Beazley plc

Director/PDMR shareholding

Dublin, 19 February 2010

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 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 18^th February 2010.   

PDMR	Scheme	Awards over No. of Shares (awards in the form of nil-cost options)
A F Beazley	LTIP	419,776
N H Furlonge	LTIP	356,810
J G Gray	LTIP	419,776
D A Horton	LTIP	726,414
N P Maidment	LTIP	419,776
C A Washbourn	LTIP	419,776
M L Bride	LTIP	349,814
A P Cox	LTIP	349,814
D G Marock	LTIP	314,832

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 18^th February 2010.

For further information, please contact:

Beazley plc
Sian Coope
[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Ireland, Singapore, Hong Kong and Australia.  Beazley manages four Lloyd's syndicates: Syndicate 2623 and Syndicate 623 underwrite a
broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses
on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of £875.7 million. All Lloyd's syndicates are rated A by A.M. Best. 

In the US, Beazley's underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd's. Beazley Insurance Company, Inc. is rated A by A.M. Best.

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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