Beazley PLC Exercise of SAYE Options for Directors (1895N)

TIDMBEZ

RNS Number : 1895N

Beazley PLC

04 August 2017

Beazley plc

London, 4 August 2017

Exercise of SAYE Options for Directors

Beazley plc announces that the following Director has exercised the option to purchase ordinary shares under the 2014 Save As You Earn Scheme:

 
 Director        No of        Option      No of 
                  options      cost per    shares 
                  exercised    share       sold 
--------------  -----------  ----------  -------- 
 Martin Bride    4,354        206.67p     0 
--------------  -----------  ----------  -------- 
 

Of the 4,354 share purchased, 3,831 were transferred into Mr Bride's ISA. There was no change in beneficial ownership.

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 Directors

 
 1    Details of the Director 
---  --------------------------------------------------------------- 
 a)   Name                               Martin Bride 
---  ---------------------------------  ---------------------------- 
 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                      Ordinary shares of 5 
       of the financial                 pence each 
       instrument, 
       type of instrument               GB00BYQ0JC66 
       Identification 
       code 
---  -------------------------------  ------------------------------ 
 b)   Nature of the                    Purchase of ordinary 
       transaction                      shares under the 2014 
                                        SAYE scheme 
---  -------------------------------  ------------------------------ 
 c)   Price(s) and                      Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                         206.67p    4,354 
                                        ---------  ---------- 
---  -------------------------------  ------------------------------ 
 d)   Aggregated information 
       - Aggregated                      n/a 
       volume                            n/a 
       -Price 
---  -------------------------------  ------------------------------ 
 e)   Date of the                      4 August 2017 
       transaction 
---  -------------------------------  ------------------------------ 
 f)   Place of the                     The transfer of the shares 
       transaction                      occurred outside a trading 
                                        venue 
---  -------------------------------  ------------------------------ 
 
 

For further information, please contact:

Beazley plc

Christine Oldridge

[phone]

Note to editors:

Beazley plc (BEZ), is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin America, Asia, and the Middle East. Beazley manages six Lloyd's syndicates and, in 2016, underwrote gross premiums worldwide of $2,195.6 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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August 04, 2017 09:46 ET (13:46 GMT)