23rd Mar 2005 07:00
Beazley Group PLC23 March 2005 22 March 2005 Beazley Group plc Grant of Share Incentives to Directors and Purchase of Shares by Beazley Employee Benefit Trust The Board of Beazley Group plc announces that the following grants of shareincentives over the Company's ordinary shares of 5p were made on 21 March 2005to the undermentioned Directors. These awards have been made under the schemesdetailed in the circular to shareholders dated 21 February 2005. The share incentives under the current awards comprise the following schemes: Beazley Group plc Retention Plan - ("Retention Plan")Beazley Group plc Long Term Incentive Plan - ("LTIP") Awards have previously been made under the Beazley Group plc Approved ShareOption Plan, the Beazley Group plc Unapproved Share Option Plan and the BeazleyGroup plc Pre-IPO Plan. No further awards are anticipated to be made underthese three plans. Director Scheme No. of Shares Exercise Price Total number of share incentives held following notification A F Beazley Retention Plan 112,359 - 1,904,544 LTIP 140,449 -N H Furlonge Retention Plan 28,089 - 932,514 LTIP 184,831 -J G Gray Retention Plan 84,269 - 1,476,590 LTIP 190,730 -D A Horton Retention Plan 95,505 - 637,634 LTIP 189,606 -N P Maidment Retention Plan 84,269 - 1,524,643 LTIP 186,404 -J G B Rowell Retention Plan 84,269 - 1,267,730 LTIP 210,112 - In all cases there was no consideration for the grant of the option. The exercise price in respect of grants under the LTIP scheme is from 21 March2008 to 21 March 2015. The Board of the Beazley Group plc also announces that the Beazley Group plcEmployee Benefit Trust acquired 1,840,396 ordinary shares of 5p each in theCompany (0.5% of the issued share capital) at a cost of 88.5p per share on 21March 2005. These shares will be used to fulfil the awards that have been madeunder the Retention Plan. ContactArthur MannersCompany Secretary 0207 667 0623 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Beazley