Director/PDMR Shareholding

RNS Number : 3124F

Beazley PLC

13 June 2012

 



Beazley plc

Dublin, 13 June 2012

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

Beazley plc ("the Company") announces that on 12 June 2012 the following PDMR exercised and sold nil cost options, which had been awarded on 16 February 2009 under the company's LTIP, and which were available to be exercised.

Following exercise of the option, the average price for the disposal of the ordinary shares of 5 pence each was 135.90p.

PDMR	No of nil cost options exercised	No of Shares Sold	Option Cost	No of ordinary shares as at 12 June   2012	Shareholding as a percentage of the issued ordinary share capital
A P Cox	195,633	115,634	NIL	422,618	0.08%

Beazley plc further announces that on 12 June 2012, Mr Adrian Cox, transferred 79,999 shares to his spouse, Mrs Elaine Anne-Marie O'Connor-Cox. At 12 June 2012, Mr Cox and his connected persons were interested in 422,618 shares, representing approximately 0.08% of the issued share capital of the Company.

Beazley plc was informed of both transactions on 12 June 2012.

This notification is made in accordance with DTR 3.1.

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 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

 

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