Beazley plc
London, 13 March 2024
Vesting of Share
Incentives/Options for Directors and other Persons Discharging
Managerial Responsibilities (together "PDMRs")
Beazley plc announces that
the following PDMRs have interests in share
awards, which were granted on 12 February 2019 under the Company's
Long Term Incentive Plan. The options exercised have vested as set
out below. The details of the resulting share dealing transactions
to either satisfy tax and national insurance contributions or sell
all vested shares are also set out below.
Director
|
No of nil cost options vested and
exercised in respect of 12 February 2019 awards
|
No of ordinary shares sold in respect
of 12 February 2019 awards
|
A P Cox
|
55,865
|
26,323
|
S M Lake
|
18,622
|
18,622
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
b)
|
Nature of the transaction
|
Exercise of nil cost options
exercised under the Beazley plc Long Term Incentive
Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
0.00p
|
55,865
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
n/a
n/a
|
e)
|
Date of the transaction
|
12 March 2024
|
f)
|
Place of the transaction
|
Exercise of the options occurred
outside a trading venue
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
b)
|
Nature of the transaction
|
Sale of shares acquired from the
exercise of nil cost options under the Beazley plc Long Term
Incentive Plan to satisfy tax and national
insurance contributions
|
|
|
|
|
| |
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
645.6369p
|
26,323
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
26,323
£169,951
|
e)
|
Date of the transaction
|
12 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
b)
|
Nature of the transaction
|
Exercise of nil cost options
exercised under the Beazley plc Long Term Incentive
Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
0.00p
|
18,622
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
n/a
n/a
|
e)
|
Date of the transaction
|
12 March 2024
|
f)
|
Place of the transaction
|
Exercise of the options occurred
outside a trading venue
|
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 financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB00BYQ0JC66
|
b)
|
Nature of the transaction
|
Sale of shares acquired from the
exercise of nil cost options under the Beazley plc Long Term
Incentive Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
645.6369p
|
18,622
|
|
d)
|
Aggregated information
- Aggregated volume
-Price
|
18,622
£120,230.50
|
e)
|
Date of the transaction
|
12 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
|
|
| |
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 2023, underwrote gross premiums
worldwide of $5,601.4million. 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 and its subsidiary, Beazley America Insurance Company, Inc.
In the surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd's, and from 1 January 2024, also from Beazley
Excess and Surplus Insurance, Inc.
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