29th Jun 2007 17:14
Beazley Group PLC29 June 2007 Press Release Beazley Group Plc - Exercise of Long Term Incentive Plan Options (LTIP's) 29th June 2007 On 29th June 2007 Neil Maidment exercised LTIP's that had vested and soldinterests in ordinary shares. +-----------+-----------+----------+--------+------------+--------+| |Option |Options |Shares |Current |% || |Scheme and |exercised |Sold |shareholding|Holding || |date of | | | | || |grant | | | | |+-----------+-----------+----------+--------+------------+--------+|N P |LTIP 29th | 15,331| 7,483-| 2,966,099| 0.81%||Maidment |March 2004 | | | | |+-----------+-----------+----------+--------+------------+--------+ The exercise price for the LTIP's was nil and the shares were sold at an averageprice of 145.75p per share. The LTIP's were awarded in March 2004. These options had performance conditionsrelating to the growth in the asset value and comparative Total ShareholdersReturn during the measurement period. The performance conditions were measuredin March 2007 and approximately 70% of the shares have now vested. The Directorhas taken this opportunity to sell sufficient shares to fund the tax liabilitiesthat have arisen on exercise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Beazley