Redemption of Notes and cancellation of listing

RNS Number : 3961F

Beazley PLC

29 October 2018

 

Beazley plc

London 26 October 2018

Redemption of Notes and cancellation of listing

BEAZLEY GROUP LIMITED
(Registered in England and Wales under number 04082477) (the "Company")

LEI: 549300V3F4ZHETMM6P72 

US$18,000,000 Subordinated Floating Rate Notes due 2034 issued by the Company on 26 November 2004 (the "Notes") 

The Company has today given formal notice to the Noteholders that it intends to fully redeem the outstanding Notes on 26 November 2018 (the "Redemption Date") in accordance with Condition 6(c) of the terms and conditions of the Notes.  The Notes will be redeemed at their original principal amount (being US$18,000,000) together with interest (including all Deferred Payments) accrued (if any) to but excluding the Redemption Date. Accordingly, the listing of the Notes on the Official List of the FCA and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 26 November 2018. 

Capitalised terms which are used in this announcement, and which are not otherwise defined in this notice, shall have the meanings set out in the terms and conditions of the Notes.

If you have any questions regarding the redemption of the Notes or the cancellation of the listing of the Notes please contact:

Martin Bride
Group Finance Director
[e-mail]

BEAZLEY GROUP LIMITED

Note to editors:

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2017, underwrote gross premiums worldwide of $2,343.8 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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