18th Mar 2010 14:25
Beazley plc
Director/PDMR shareholding
Dublin, 18 March 2010
Vesting of Share Incentives for Directors and other Persons Discharging Managerial Responsibilities (together "PDMRs")
Beazley plc ("the Company") announces that the following PDMRs have interests in deferred shares and retention shares that were awarded under the Company's Deferred Share Bonus Plan and Retention Plan in March 2007. All of the deferred shares have now vested and were sold in whole or in part (excluding shares acquired by A P Cox) on the 16th March 2010. A portion of the retention shares have vested and were acquired by A P Cox on the 16th March 2010.
The average price for the disposal of the ordinary shares of 5 pence each was 107.89p and the shares were received for no consideration.
|
PDMR |
Scheme |
No of shares vested |
No of shares sold |
No of ordinary shares as at 16th March 2010 |
Shareholding as a percentage of the issued ordinary share capital |
|
A F Beazley |
Deferred |
146,368 |
146,368 |
3,423,271 |
0.64% |
|
N H Furlonge |
Deferred |
73,184 |
73,184 |
1,689,651 |
0.32% |
|
J G Gray |
Deferred |
124,412 |
124,412 |
2,487,026 |
0.47% |
|
D A Horton |
Deferred |
124,412 |
51,189 |
783,615 |
0.15% |
|
N P Maidment |
Deferred |
124,412 |
51,189 |
3,407,844 |
0.64% |
|
C A Washbourn |
Deferred |
109,776 |
45,167 |
237,004 |
0.04% |
|
A P Cox |
Deferred and retention |
73,184 |
0 |
172,084 |
0.03% |
|
D G Marock |
Deferred |
54,888 |
22,584 |
75,944 |
0.01% |
Beazley Plc was informed of these transactions on 16th March 2010.
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 2009, underwrote gross premiums worldwide of £1,115.5 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
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