Final Terms Confirmation Announcement

RNS Number : 5729M

Beazley PLC

18 September 2012

 



Beazley plc

Dublin, 18 September 2012

Beazley plc Issue of Sterling denominated 5.375 per cent. Notes due 2019 under the £250,000,000 Euro Medium Term Note Programme - Final Terms Confirmation Announcement relating to the Final Terms dated 7 September 2012

The Offer Period relating to the Notes expired at 9:00 a.m. (London time) on 18 September 2012, and accordingly Notes can no longer be subscribed pursuant to the offer. In accordance with Article 8(1) of the Directive, the Issuer confirms the following in connection with the offer and issue of the Notes:

Aggregate Nominal Amount:
(i)         Series:	£75,000,000
(ii)        Tranche:	£75,000,000
Estimated net proceeds:	£74,250,000 (being the Aggregate Nominal Amount of the Notes at the Issue Price of 100 per cent. less fees and commissions totalling £750,000)
Estimated total expenses:	Approximately £753,000

Terms used herein shall be deemed to be defined as such for the purposes of the Final Terms of Beazley plc dated 7 September 2012 (the "Final Terms") relating to the offer of the Notes or the Prospectus dated 31 August 2012 (the "Prospectus"), which comprises a base prospectus for the purposes of Article 5.4 of Directive 2003/71/EC, as amended (the "Directive").

This announcement constitutes the Final Terms Confirmation Announcement referred to in the Final Terms and must be read in conjunction with the Prospectus and the Final Terms.

For further information please contact:

Beazley plc

Sian Coope

[phone]

Important Information

This is an advertisement prepared by Beazley plc for the purposes of Prospectus Rule 3.3 and Article 34 of Commission Regulation (EC) No 809/2004 (as amended) and is not a prospectus for the purposes of the Directive and/or Part VI of the Financial Services and Markets Act 2000. The Prospectus and the Final Terms have been prepared and made available to the public in accordance with the Directive. Investors may obtain copies of the Prospectus and the Final Terms from the website of the London Stock Exchange and inspect copies on request at the registered office of Beazley plc at 22 Grenville Street, St Helier, JE4 8PX, Jersey. Investors should not purchase any Notes except on the basis of information contained in the Prospectus and the Final Terms.

The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Subject to certain exceptions, Notes may not be offered, sold or delivered within the United States or to, or for the account of or benefit of, U.S. persons.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

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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