Last checked at 20 Feb 2013 16:33
Beazley plc
Dublin, 20 February 2013
Vesting of Share Incentives/Options for Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")
Beazley plc ("the Company") announces that on 19 February 2013 the following PDMR exercised and sold nil cost options, which had been awarded on 18 February 2010 under the company's LTIP, and which were available to be exercised.
Following exercise of the option, the average price for the disposal of the ordinary shares of 5 pence each was 210.43p.
This notification is made in accordance with DTR 3.1.
PDMR | No of nil cost options exercised | No of Shares Sold | Option Cost | No of ordinary shares as at 19 February 2013 | Shareholding as a percentage of the issued ordinary share capital |
A P Cox | 147,621 | 77,033 | NIL | 493,206 | 0.09% |
Beazley plc was informed of these transactions on 19 February 2013.
For further information, please contact:
Beazley plc
Sian Coope
+353 (0)1 854 4700
Note to editors:
Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and, in 2012, underwrote gross premiums worldwide of $1,895.9 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