10th May 2007 12:19
Beazley Group PLC10 May 2007 Press Release Beazley Group Plc - Exercise of Long Term Incentive Plan Options (LTIP's) 10 May 2007 On 8 May 2007 the following Directors 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 H |LTIP 29th | 13,527| -| 1,294,525| 0.35%||Furlonge |March 2004 | | | | |+-----------+-----------+----------+--------+------------+--------+|J G Gray |LTIP 29th | 15,331| 7,483| 3,389,597| 0.92%|| |March 2004 | | | | |+-----------+-----------+----------+--------+------------+--------+|D A Horton |LTIP 29th | 15,331| 7,483| 75,769| 0.02%|| |March 2004 | | | | |+-----------+-----------+----------+--------+------------+--------+|J G Rowell |LTIP 29th | 15,331| 7,483| 4,904,010| 1.34%|| |March 2004 | | | | |+-----------+-----------+----------+--------+------------+--------+ The Directors in aggregate hold 5.25% of the issued share capital. The exercise price for the LTIP's was nil and the shares were sold at an averageprice of 158.4p 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. CertainDirectors have taken this opportunity to sell sufficient shares to fund the taxliabilities that have arisen on exercise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Beazley