PDMR Shareholding

Beazley PLC
19 May 2023
 

 

Beazley plc

 

London, 19 May 2023

Grant of Share Incentives to Directors

Beazley plc announces that the following grants of nil cost options under the Beazley plc 2022 Long Term Incentive Plan ("LTIP") over the Company's ordinary shares of 5 pence each were made to the following Directors on 19 May 2023.

Director

Number of nil-cost options over ordinary shares

Adrian Cox

307,543

Sally Lake

178,252

In all cases, there was no consideration for the grant of the awards and the exercise price is nil.  Ordinarily, these awards will vest on the third anniversary of the date of grant, and will be subject to a 2-year holding period commencing on the vesting date.  The awards will vest to the extent that the performance conditions are satisfied and are also subject to the participant meeting both shareholding requirements and to their continued employment.

Beazley plc further announces that the following grants of deferred share bonus awards under the Beazley plc Deferred Share Plan were made to the following Directors on 19 May 2023.

Director

Number of ordinary shares of 5 pence each over which awards were granted

Adrian Cox

32,307

Sally Lake

25,464

In all cases, there was no consideration for the grant of the awards.  Awards will normally vest on the third anniversary of the date of grant subject to continued employment. 

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

1.  Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP').

2.  Grant of a share award under the Beazley plc Deferred Share Plan ('Deferred')

c)

Price(s) and volume(s)

 

 

Transaction

Price(s)

Volume(s)

1. LTIP

0.00p

307,543

2. Deferred

0.00p

32,307

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

Date of the transaction

19 May 2023

f)

Place of the transaction

Grant of the options occurred outside a trading venue.

 

 

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

1.  Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP')

2.  Grant of a share award under the Beazley plc Deferred Share Plan ('Deferred')

c)

Price(s) and volume(s)

 

 

 

Transaction

Price(s)

Volume(s)

1. LTIP

0.00p

178,252

2. Deferred

0.00p

25,464

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

e)

Date of the transaction

19 May 2023

f)

Place of the transaction

Grant of the options occurred outside a trading venue.

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Beazley (BEZ)
UK 100

Latest directors dealings