Beazley PLC Grant of Share Option to a Director (4963C)
April 13 2017 - 9:25AM
UK Regulatory
TIDMBEZ
RNS Number : 4963C
Beazley PLC
13 April 2017
Beazley plc
London, 13 April 2017
Grant of Share Option to a Director
Beazley plc announces that the following grant of share options
under the Beazley plc all employee, UK Save As You Earn plan were
made to Andrew Horton on 13 April 2017 to acquire ordinary 0.5p
shares ('Shares') in the capital of the Company. Details of the
number of Shares over which awards were granted and the option
price are set out in the table below.
Director Number of ordinary Option price
shares of 5
pence each over
which options
were granted
----------- ------------------- -------------
D A Horton 2,561 GBP3.5139
----------- ------------------- -------------
The award is not subject to any performance conditions but the
director has entered into a savings contract of three years under
the plan and the awards become exercisable from July 2020.
For further information, please contact:
Beazley plc
Christine Oldridge
+44 (0)20 7674 7758
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) ------------- --------- ----------
SAYE 351.39p 2,561
------------- --------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated n/a
volume n/a
-Price
--- ------------------------------- ----------------------------------------
e) Date of the 13 April 2017
transaction
--- ------------------------------- ----------------------------------------
f) Place of the Grant of the options
transaction occurred outside a trading
venue.
--- ------------------------------- ----------------------------------------
Note to editors:
Beazley plc (BEZ) is the parent company of specialist insurance
businesses with operations
in Europe, the US, Latin America, Asia, the Middle East and
Australia. 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
END
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