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Beazley PLC (BEZ)

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Friday 30 March, 2012

Beazley PLC

Exercise of LTIPS

RNS Number : 4096A
Beazley PLC
30 March 2012
 



Beazley plc

Dublin, 30 March 2012

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

 

Beazley plc ("the Company") announces that on 29 March 2012 the following PDMRs exercised and sold 16 February 2009 LTIPs that were available to be exercised.

 

The average price for the disposal of the ordinary shares of 5 pence each was 137.00p and the shares were received for no consideration.

 

 

PDMR

No of options exercised

No of Shares Sold

Option Cost

No of ordinary shares as at 29 March 2012

Shareholding as a percentage of the issued ordinary share capital

D A Horton

202,127

119,471

NIL

1,268,539

0.24%

N P Maidment   

197,452

116,708

NIL

3,624,001

0.70%

C A Washbourn  

197,452

197,452

NIL

378,852

0.07%

 

Beazley plc further announces that on 29 March 2012;

 

Mr D A Horton transferred 82,656 shares to his spouse, Mrs Sophie Emma Horton.  At 29 March 2012, Mr Horton and his connected persons were interested in 1,268,539 shares, representing approximately 0.24% of the issued share capital of the Company;

 

Mr N P Maidment transferred 80,744 shares to his spouse, Mrs Elizabeth Louise Maidment.  At 29 March 2012, Mr Maidment and his connected persons were interested in 3,624,001 shares, representing approximately 0.70% of the issued share capital of the Company.

 

For further information, please contact:

Beazley plc

David Turner

+353 (0)1 854 4700

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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