TIDMBEZ

RNS Number : 1564F

Beazley PLC

12 November 2020

 
TR-1: Standard form for notification of major holdings 
 
  NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer 
   and to the FCA in Microsoft Word format if possible) 
 
  1a. Identity of the issuer or the                       Beazley plc 
   underlying issuer of existing shares 
   to which voting rights are attached: 
  1b. Please indicate if the issuer is a non-UK issuer (please mark 
   with an "X" if appropriate) 
  Non-UK issuer 
                                                                                               -------- 
  2. Reason for the notification (please mark the appropriate box 
   or boxes with an "X") 
  An acquisition or disposal of voting rights                                                       X 
                                                                                               -------- 
  An acquisition or disposal of financial instruments 
                                                                                               -------- 
  An event changing the breakdown of voting rights 
                                                                                               -------- 
  Other (please specify): 
                                                                                               -------- 
  3. Details of person subject to the notification obligation 
  Name                                                    Wellington Management International 
                                                           Ltd 
                                                        ----------------------------------------------- 
  City and country of registered                          London, England 
   office (if applicable) 
                                                        ----------------------------------------------- 
  4. Full name of shareholder(s) (if different from 3) 
  Name                                                    BBH ISL NOMINEES LTD 
                                                           BNY (OCS) Nominees Limited 
                                                           GOLDMAN SACHS INTERNATIONAL 
                                                           HSBC Global Custody Nominee (UK) 
                                                           Limited 
                                                           JP Morgan Chase Nominees Limited 
                                                           Mellon Nominees (UK) Ltd. 
                                                           Nortrust Nominees Limited 
                                                           ROY Nominees Limited 
                                                           State Street Nominees Limited 
                                                           VIDACOS NOMINEES LIMITED 
                                                        ----------------------------------------------- 
  City and country of registered 
   office (if applicable) 
                                                        ----------------------------------------------- 
  5. Date on which the threshold                          10/11/2020 
   was crossed or reached: 
                                                        ----------------------------------------------- 
  6. Date on which issuer notified                        12/11/2020 
   (DD/MM/YYYY): 
                                                        ----------------------------------------------- 
  7. Total positions of person(s) subject to the notification obligation: 
                            % of voting       % of voting rights    Total of both      Total number 
                           rights attached     through financial         in %         of voting rights 
                              to shares           instruments                            of issuer 
                              (total of         (total of 8.B.1      (8.A + 8.B) 
                                 8.A)               + 8.B.2) 
                         -----------------  ---------------------  --------------  -------------------- 
  Resulting situation 
   on the date on 
   which threshold 
   was crossed or 
   reached                 4.94%              0.08%                  5.01%           608,862,541 
                         -----------------  ---------------------  --------------  -------------------- 
  Position of previous 
   notification 
   (if applicable) 
                         -----------------  ---------------------  --------------  -------------------- 
 
 
 
  8. Notified details of the resulting situation on the date on which 
   the threshold was crossed or reached: 
  A: Voting rights attached to shares 
  Class/type         Number of voting rights                                            % of voting rights 
   of shares 
   ISIN code 
   (if possible) 
                   -----------------------------------------------------------------  -------------------------------- 
                        Direct                           Indirect                          Direct          Indirect 
                       (Art 9 of                   (Art 10 of Directive                     (Art 9         (Art 10 of 
                       Directive                  2004/109/EC) (DTR5.2.1)                of Directive      Directive 
                      2004/109/EC)                                                       2004/109/EC)     2004/109/EC) 
                        (DTR5.1)                                                           (DTR5.1)        (DTR5.2.1) 
                   ---------------  ------------------------------------------------  ---------------  --------------- 
GB00BYQ0JC66 
 Common Stock                       30,054,846                                                         4.94% 
                   ---------------  ------------------------------------------------  ---------------  --------------- 
 
SUBTOTAL 8.A                                  30,054,846                                           4.94% 
                   -----------------------------------------------------------------  -------------------------------- 
 
  B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
   2004/109/EC (DTR5.3.1.1 (a)) 
  Type of            Expiration       Exercise/                 Number of voting                         % of voting 
  financial           date             Conversion                rights that may be                       rights 
  instrument                           Period                    acquired if the instrument 
                                                                 is exercised/converted 
                   ---------------  ------------------------  ---------------------------------------  --------------- 
 
                                      SUBTOTAL 
                                       8.B.1 
                                                              ---------------------------------------  --------------- 
 
  B 2: Financial Instruments with similar economic effect according 
   to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
  Type of            Expiration       Exercise/                 Physical           Number of             % of voting 
  financial           date             Conversion                or cash            voting rights         rights 
  instrument                           Period                    settlement 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   231,225 
                                                                                    Equity Swap 
                                                                                    shares or 
                                                                                    231,225 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       11/11/2020to15/05/2023    Cash settlement     basis                0.04% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   80,773 Equity 
                                                                                    Swap shares 
                                                                                    or 80,773 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       29/05/2020to15/05/2023    Cash settlement     basis                0.01% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   64,269 Equity 
                                                                                    Swap shares 
                                                                                    or 64,269 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       21/05/2020to15/05/2023    Cash settlement     basis                0.01% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   24,237 Equity 
                                                                                    Swap shares 
                                                                                    or 24,237 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       11/03/2020to15/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   22,154 Equity 
                                                                                    Swap shares 
                                                                                    or 22,154 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       24/04/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   13,813 Equity 
                                                                                    Swap shares 
                                                                                    or 13,813 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       18/03/2020to15/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   8,047 Equity 
                                                                                    Swap shares 
                                                                                    or 8,047 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       09/10/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   6,513 Equity 
                                                                                    Swap shares 
                                                                                    or 6,513 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       24/09/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   5,563 Equity 
                                                                                    Swap shares 
                                                                                    or 5,563 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       27/08/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   4,624 Equity 
                                                                                    Swap shares 
                                                                                    or 4,624 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        15/05/2023       19/03/2020to15/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   4,553 Equity 
                                                                                    Swap shares 
                                                                                    or 4,553 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       13/10/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   4,547 Equity 
                                                                                    Swap shares 
                                                                                    or 4,547 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       11/09/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   3,799 Equity 
                                                                                    Swap shares 
                                                                                    or 3,799 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        05/05/2023       21/05/2020to05/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   1,841 Equity 
                                                                                    Swap shares 
                                                                                    or 1,841 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       12/11/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   1,490 Equity 
                                                                                    Swap shares 
                                                                                    or 1,490 
                                                                                    votes on 
                                                                                    a converted 
  Equity Swap        22/05/2023       01/09/2020to22/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
                                                                                   373 Equity 
                                                                                    Swap shares 
                                                                                    or 373 votes 
                                                                                    on a converted 
  Equity Swap        05/05/2023       01/09/2020to05/05/2023    Cash settlement     basis                0.00% 
                   ---------------  ------------------------  -----------------  --------------------  --------------- 
 
                                                                SUBTOTAL 
                                                                 8.B.2                  477,821              0.08% 
                                                                                 --------------------  --------------- 
 
 
 
  9. Information in relation to the person subject to the notification 
   obligation (please mark the applicable box with an "X") 
  Person subject to the notification obligation is not controlled 
   by any natural person or legal entity and does not control 
   any other undertaking(s) holding directly or indirectly an 
   interest in the (underlying) issuer. 
  Full chain of controlled undertakings through which the voting                                  X 
   rights and/or the financial instruments are effectively held 
   starting with the ultimate controlling natural person or legal 
   entity (please add additional rows as necessary) 
                                                                                              -------- 
            Name               % of voting rights      % of voting rights          Total of both 
                                   if it equals         through financial           if it equals 
                                   or is higher           instruments if            or is higher 
                               than the notifiable         it equals or          than the notifiable 
                                    threshold             is higher than              threshold 
                                                          the notifiable 
                                                            threshold 
                            -----------------------  ---------------------  -------------------------- 
 Wellington Management 
  International Ltd                                                          5.01% 
                             ---------------------------------------------  -------------------------- 
 
 
  10. In case of proxy voting, please identify: 
  Name of the proxy holder 
                                                     ------------------------------------------------- 
  The number and % of voting rights 
   held 
                                                     ------------------------------------------------- 
  The date until which the voting 
   rights will be held 
                                                     ------------------------------------------------- 
 
  11. Additional information: 
  Wellington Management International Ltd, which crossed the 5% 
   notification threshold in its own right, is an investment management 
   entity that manages the assets of certain funds and/or managed 
   accounts. 
   Wellington Management International Ltd is a direct controlled 
   undertaking of Wellington Management Global Holdings, Ltd., which 
   is a direct controlled undertaking of Wellington Investment Advisors 
   Holdings LLP , which, in turn, is a direct controlled undertaking 
   of Wellington Group Holdings LLP , which, in turn, is a direct 
   controlled undertaking of Wellington Management Group LLP . 
 
  Place of completion     London 
  Date of completion      11/11/2020 
                        ------------------------------------------------------------------------------ 
 
 

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November 12, 2020 08:06 ET (13:06 GMT)

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