Director/PDMR Shareholding

RNS Number : 4962S
Beazley PLC
09 March 2023
 

 

 

 

 

Beazley plc

 

London, 9 March 2023

 

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

Beazley plc announces that the following PDMRs have interests in share awards, which were granted on 13 February 2018 under the Company's Long Term Incentive Plan. The options exercised have vested as set out below. The details of the resulting share dealing transactions to satisfy tax and national insurance are also set out below.  

 

Director

No of nil cost options vested and exercised in respect of 13 February 2018 awards

No of ordinary shares sold in respect of 13 February 2018 awards

A P Cox

7,088

3,340

S M Lake

2,471

1,165

 

 

For further information please contact:

 

Beazley plc

Christine Oldridge

 

+44 (0)20 7674 7758

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation (No. 596/2014).

 

Notification of transactions of persons discharging managerial responsibility or connected persons

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Cox

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Beazley plc

b)

LEI

213800VTOMUWD41GIT12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised  under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

7,088

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

6 March 2023

f)

Place of the transaction

 

Exercise of the options occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

642.2685p

3,340

d)

Aggregated information

- Aggregated volume

-Price

 

3,340

£21,451.77

e)

Date of the transaction

6 March 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sally Lake

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Beazley plc

b)

LEI

213800VTOMUWD41GIT12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Exercise of nil cost options exercised  under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00p

2,471

d)

Aggregated information

- Aggregated volume

-Price

 

n/a

n/a

e)

Date of the transaction

6 March 2023

f)

Place of the transaction

 

Exercise of the options occurred outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

b)

Nature of the transaction

Sale of shares acquired from the exercise of nil cost options under the Beazley plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

642.2685p

1,165

d)

Aggregated information

- Aggregated volume

-Price

 

1,165

£7,482.43

e)

Date of the transaction

6 March 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

 

 

 

 

Note to editors:

 

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2022, underwrote gross premiums worldwide of $5,268.7million. 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's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include Professional Indemnity, Cyber Liability, 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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