Beazley plc
London, 6 March 2025
Vesting of Share
Incentives/Options for Directors and other Persons Discharging
Managerial Responsibilities (together "PDMRs")
Beazley plc announces that
the following PDMR has interests in share awards,
which were granted on 11 February 2020 under the Company's Long
Term Incentive Plan and 15 February 2022 under the Company's
Deferred Share Plan. The options exercised have vested as set out
below. The details of the resulting share dealing transactions to
satisfy tax and national insurance contributions are also set out
below.
|
Director
|
No of nil cost options vested and
exercised in respect of 11 February 2020 awards
|
No of ordinary shares sold in respect
of 11 February 2020 awards
|
|
A P Cox
|
58,941
|
27,772
|
|
Director
|
No of Deferred share awards vested in
respect of 15 February 2022 awards
|
No of ordinary shares sold in respect
of 15 February 2022 awards
|
|
A P Cox
|
89,132
|
42,040
|
For further information please
contact:
Beazley plc
Ruth Yeoman
+44 (0)20 7674 7819
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
|
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
|
58,941
|
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
5 March 2025
|
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
|
b)
|
Nature of the transaction
|
Sale of shares acquired from the
exercise of nil cost options under the Beazley plc Long Term
Incentive Plan to satisfy tax and national
insurance contributions
|
|
|
|
|
|
| |
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
901.7500p
|
27,772
|
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
27,772
£250,434.01
|
|
e)
|
Date of the transaction
|
5 March 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
|
b)
|
Nature of the transaction
|
Vesting of share awards under the
Beazley plc Deferred Share Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.00p
|
89,132
|
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
4 March 2025
|
|
f)
|
Place of the transaction
|
Vesting of the shares 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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
|
b)
|
Nature of the transaction
|
Sale of shares acquired from the
vesting of shares under the Beazley plc Deferred Share Plan
to satisfy tax and national insurance
contributions
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
889.2000p
|
42,040
|
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
42,040
£373,819.68
|
|
e)
|
Date of the transaction
|
4 March 2025
|
|
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
seven Lloyd's syndicates and, in 2024, underwrote
gross premiums worldwide of $6,164.1million. 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 and its subsidiary, Beazley America Insurance Company, Inc.
In the surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd's, and from 1 January
2024, also from Beazley Excess and Surplus Insurance,
Inc.
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
