Beazley PLC Director/PDMR Shareholding (2733I)

TIDMBEZ

RNS Number : 2733I

Beazley PLC

31 March 2020

Beazley plc

London, 31 March 2020

Grant of Share Options to Directors

Beazley plc announces that the following grants of share options under the Beazley plc all employee, UK Save As You Earn plan were made to the below listed directors on 30 March 2020 to acquire ordinary 5p shares in the capital of the Company.

 
 Director        Number of ordinary         Option price 
                  shares of 5 pence 
                  each over which options 
                  were granted 
 Andrew Horton            2,157              GBP4.1720 
                -------------------------  ------------- 
 Sally Lake               2,157              GBP4.1720 
                -------------------------  ------------- 
 

The awards are not subject to any performance conditions but the directors have entered into a savings contract of three years under the plan and the awards become exercisable from July 2023.

For further information, please contact:

Beazley plc

Christine Oldridge

[phone]

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                                     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                  Ordinary shares of 5 pence each 
       financial instrument, 
       type of instrument                  GB00BYQ0JC66 
       Identification code 
     ----------------------------------  --------------------------------------------- 
 b)   Nature of the transaction           Grant of share options under 
                                           the Beazley plc Save As You 
                                           Earn plan ('SAYE). 
     ----------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)               Transaction         Price(s)   Volume(s) 
                                            Grant of options    417.20p    2,157 
                                                               ---------  ---------- 
     ----------------------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                  n/a 
       -Price                               n/a 
     ----------------------------------  --------------------------------------------- 
 e)   Date of the transaction             30 March 2020 
     ----------------------------------  --------------------------------------------- 
 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                                     Andrew Horton 
     ---------------------------------------  ---------------------------------------- 
 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                  Ordinary shares of 5 pence each 
       financial instrument, 
       type of instrument                  GB00BYQ0JC66 
       Identification code 
     ----------------------------------  --------------------------------------------- 
 b)   Nature of the transaction           Grant of share options under 
                                           the Beazley plc Save As You 
                                           Earn plan ('SAYE). 
     ----------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)               Transaction         Price(s)   Volume(s) 
                                            Grant of options    417.20p    2,157 
                                                               ---------  ---------- 
     ----------------------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                  n/a 
       -Price                               n/a 
     ----------------------------------  --------------------------------------------- 
 e)   Date of the transaction             30 March 2020 
     ----------------------------------  --------------------------------------------- 
 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 six Lloyd's syndicates and, in 2019, underwrote gross premiums worldwide of $3,003.9 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'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 [e-mail] or visit www.rns.com.

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March 31, 2020 10:03 ET (14:03 GMT)