Beazley PLC Grant of Share Option to a Director (8354J)

TIDMBEZ

RNS Number : 8354J

Beazley PLC

04 April 2018

Beazley plc

London, 4 April 2018

Grant of Share Option to a Director

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 4 April 2018 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         2,042           GBP4.4053 
--------------  -------------------  ------------- 
 Neil Maidment         2,042           GBP4.4053 
--------------  -------------------  ------------- 
 

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 2021.

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                               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                      Ordinary shares of 5 
       of the financial                 pence each 
       instrument, 
       type of instrument               GB00BYQ0JC66 
       Identification 
       code 
---  -------------------------------  ---------------------------------------- 
 b)   Nature of the                    Grant of share options 
       transaction                      under the Beazley plc 
                                        Save As You Earn plan 
                                        ('SAYE). 
---  -------------------------------  ---------------------------------------- 
 c)   Price(s) and                      Transaction    Price(s)   Volume(s) 
       volume(s)                        -------------  ---------  ---------- 
                                         Grant of 
                                          options       440.53p    2,042 
                                        -------------  ---------  ---------- 
---  -------------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated                      n/a 
       volume                            n/a 
       -Price 
---  -------------------------------  ---------------------------------------- 
 e)   Date of the                      4 April 2018 
       transaction 
---  -------------------------------  ---------------------------------------- 
 f)   Place of the                     Grant of the options 
       transaction                      occurred outside a trading 
                                        venue. 
---  -------------------------------  ---------------------------------------- 
 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------------------- 
 a)   Name                               Neil Maidment 
---  ---------------------------------  -------------------------------------- 
 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                    Grant of share options 
       transaction                      under the Beazley plc 
                                        Save As You Earn plan 
                                        ('SAYE). 
---  -------------------------------  ---------------------------------------- 
 c)   Price(s) and                      Transaction    Price(s)   Volume(s) 
       volume(s)                        -------------  ---------  ---------- 
                                         Grant of 
                                          options       440.53p    2,042 
                                        -------------  ---------  ---------- 
---  -------------------------------  ---------------------------------------- 
 d)   Aggregated information 
       - Aggregated                      n/a 
       volume                            n/a 
       -Price 
---  -------------------------------  ---------------------------------------- 
 e)   Date of the                      4 April 2018 
       transaction 
---  -------------------------------  ---------------------------------------- 
 f)   Place of the                     Grant of the options 
       transaction                      occurred outside a trading 
                                        venue. 
---  -------------------------------  ---------------------------------------- 
 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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April 04, 2018 09:35 ET (13:35 GMT)