TIDMBEZ

RNS Number : 6678O

Beazley PLC

10 February 2021

Beazley plc

London 10 February 2021

Vesting of Share Incentives/Options for Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")

Beazley plc announces that the following PDMRs exercised nil cost options, which had been awarded on 9 February 2016 under the Company's Long Term Incentive Plan, and which were available to be exercised.

 
 Director     No of nil cost options   No of ordinary shares 
               exercised in respect     sold in respect 
               of 9 February 2016       of 9 February 2016 
               awards                   awards 
 AP Cox               9,301                    4,383 
             -----------------------  ---------------------- 
 DA Horton            16,526                   7,787 
             -----------------------  ---------------------- 
 SM Lake              3,227                    1,526 
             -----------------------  ---------------------- 
 

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                                      Adrian Cox 
       ----------------------------------------  --------------------------------- 
 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              Exercise of nil cost options 
                                                exercised under the Beazley 
                                                plc Long Term Incentive Plan 
       -------------------------------------  ------------------------------------ 
 c)     Price(s) and volume(s)                  Price(s)   Volume(s) 
                                                 0.00p      9,301 
                                                           ---------- 
       -------------------------------------  ------------------------------------ 
 d)     Aggregated information 
         - Aggregated volume                     n/a 
         -Price                                  n/a 
       -------------------------------------  ------------------------------------ 
 e)     Date of the transaction                9 February 2021 
       -------------------------------------  ------------------------------------ 
 f)     Place of the transaction               Exercise of the options occurred 
                                                outside a trading venue 
       -------------------------------------  ------------------------------------ 
 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              Sale of shares acquired from 
                                              the exercise of nil cost options 
                                              under the Beazley plc Long Term 
                                              Incentive Plan 
     -------------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)                  Price(s)   Volume(s) 
                                               360.000p   4,383 
                                                         ---------- 
     -------------------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                     4,383 
       -Price                                  GBP15,778.80 
     -------------------------------------  -------------------------------------- 
 e)   Date of the transaction                9 February 2021 
     -------------------------------------  -------------------------------------- 
 f)   Place of the transaction               London Stock Exchange (XLON) 
     -------------------------------------  -------------------------------------- 
 
 
 
 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             Exercise of nil cost options 
                                             exercised under the Beazley 
                                             plc Long Term Incentive Plan 
     ------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                              0.00p      16,526 
                                                        ---------- 
     ------------------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                    n/a 
       -Price                                 n/a 
     ------------------------------------  ------------------------------------- 
 e)   Date of the transaction               9 February 2021 
     ------------------------------------  ------------------------------------- 
 f)   Place of the transaction              Exercise of the options occurred 
                                             outside a trading venue 
     ------------------------------------  ------------------------------------- 
 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           Sale of shares acquired from 
                                           the exercise of nil cost options 
                                           under the Beazley plc Long Term 
                                           Incentive Plan 
     ----------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)               Price(s)   Volume(s) 
                                            360.000p   7,787 
                                                      ---------- 
     ----------------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                  7,787 
       -Price                               GBP28,033.20 
     ----------------------------------  --------------------------------------- 
 e)   Date of the transaction             9 February 2021 
     ----------------------------------  --------------------------------------- 
 f)   Place of the transaction            London Stock Exchange (XLON) 
     ----------------------------------  --------------------------------------- 
 
 
 
 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             Exercise of nil cost options 
                                             exercised under the Beazley 
                                             plc Long Term Incentive Plan 
     ------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                              0.00p      3,227 
                                                        ---------- 
     ------------------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                    n/a 
       -Price                                 n/a 
     ------------------------------------  ------------------------------------- 
 e)   Date of the transaction               9 February 2021 
     ------------------------------------  ------------------------------------- 
 f)   Place of the transaction              Exercise of the options occurred 
                                             outside a trading venue 
     ------------------------------------  ------------------------------------- 
 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           Sale of shares acquired from 
                                           the exercise of nil cost options 
                                           under the Beazley plc Long Term 
                                           Incentive Plan 
     ----------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)               Price(s)   Volume(s) 
                                            360.000p   1,526 
                                                      ---------- 
     ----------------------------------  --------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                  1,526 
       -Price                               GBP5,493.60 
     ----------------------------------  --------------------------------------- 
 e)   Date of the transaction             9 February 2021 
     ----------------------------------  --------------------------------------- 
 f)   Place of the transaction            London Stock Exchange (XLON) 
     ----------------------------------  --------------------------------------- 
 
 

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 2020, underwrote gross premiums worldwide of $3,563.8 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'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

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