Beazley PLC Grant of Share Incentives to Directors (8519O)
February 11 2021 - 10:20AM
UK Regulatory
TIDMBEZ
RNS Number : 8519O
Beazley PLC
11 February 2021
Beazley plc
London, 11 February 2021
Grant of Share Incentives to Directors
Beazley plc announces that the following grants of nil cost
options under the Beazley plc Long Term Incentive Plan ("LTIP")
over the Company's ordinary shares of 5 pence each were made to the
following Directors on 10 February 2021.
Director Number of nil-cost options
over ordinary shares
Adrian Cox 163,487
---------------------------
Andrew Horton 276,566
---------------------------
Sally Lake 147,138
---------------------------
In all cases, there was no consideration for the grant of the
awards and the exercise price is nil. Ordinarily, 50% of each award
will vest on the third anniversary of the date of grant, and will
be subject to a 2-year holding period commencing on the vesting
date. Ordinarily the second 50% of each award will become
exercisable on the fifth anniversary of the date of grant. The
awards will vest to the extent that the performance condition is
satisfied, and are also subject to the participant meeting both
shareholding requirements and to their continued employment.
For further information, please contact:
Beazley plc
Christine Oldridge
+44 (0)20 7674 7758
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation (No. 596/2014).
Notification of transactions of persons discharging managerial
responsibility or connected persons
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Adrian Cox
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
--------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------------------
a) Name Beazley plc
--------------------------------------- -----------------------------------
b) LEI 213800VTOMUWD41GIT12
--------------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each
financial instrument,
type of instrument GB00BYQ0JC66
Identification code
---------------------------------- ----------------------------------------
b) Nature of the transaction Grant of share options under
the Beazley plc Long Term Incentive
Plan ('LTIP').
---------------------------------- ----------------------------------------
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
LTIP 0.00p 163,487
--------- ----------
---------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
---------------------------------- ----------------------------------------
e) Date of the transaction 10 February 2021
---------------------------------- ----------------------------------------
f) Place of the transaction Grant of the options occurred
outside a trading venue.
---------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Andrew Horton
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
--------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------------------
a) Name Beazley plc
--------------------------------------- -----------------------------------
b) LEI 213800VTOMUWD41GIT12
--------------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each
financial instrument,
type of instrument GB00BYQ0JC66
Identification code
---------------------------------- ----------------------------------------
b) Nature of the transaction Grant of share options under
the Beazley plc Long Term Incentive
Plan ('LTIP').
---------------------------------- ----------------------------------------
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
LTIP 0.00p 276,566
--------- ----------
---------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
---------------------------------- ----------------------------------------
e) Date of the transaction 10 February 2021
---------------------------------- ----------------------------------------
f) Place of the transaction Grant of the options occurred
outside a trading venue.
---------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sally Lake
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------- -----------------------------------
b) Initial notification/amendment Initial notification
--------------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------------------
a) Name Beazley plc
--------------------------------------- -----------------------------------
b) LEI 213800VTOMUWD41GIT12
--------------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of 5 pence each
financial instrument,
type of instrument GB00BYQ0JC66
Identification code
---------------------------------- ----------------------------------------
b) Nature of the transaction Grant of share options under
the Beazley plc Long Term Incentive
Plan ('LTIP').
---------------------------------- ----------------------------------------
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
LTIP 0.00p 147,138
--------- ----------
---------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
---------------------------------- ----------------------------------------
e) Date of the transaction 10 February 2021
---------------------------------- ----------------------------------------
f) Place of the transaction Grant of the options occurred
outside a trading venue.
---------------------------------- ----------------------------------------
Note to editors:
Beazley plc (BEZ.L), is the parent company of specialist
insurance businesses with operations in Europe, North America,
Latin America and Asia. Beazley manages six Lloyd's syndicates and,
in 2020, underwrote gross premiums worldwide of $3,563.8 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's European insurance company, Beazley Insurance dac, is
regulated by the Central Bank of Ireland and is A rated by A.M.
Best and A+ by Fitch.
Beazley is a market leader in many of its chosen lines, which
include professional indemnity, cyber liability, 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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