Beazley PLC

Remuneration Information • Feb 15, 2017

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RNS Number : 0164X

Beazley PLC

15 February 2017

Beazley plc

London, 15 February 2017

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 deferred share awards, which were granted on 11 February 2014 under the company's Deferred Plan. These deferred share awards have now vested and were transacted as set out below. 

Director	No of Deferred share awards vested	No of ordinary shares sold
ML Bride	97,755	97,755
AP Cox	109,837	51,586
DA Horton	191,758	191,758
NP Maidment	146,450	146,450
CA Washbourn	146,450	146,450

The average price for the disposal of the ordinary shares of 5 pence each was 424.336p and the shares were received for no consideration.

Beazley plc further announced that the PDMRs also exercised nil cost options, which had been awarded on 11 February 2014 under the company's Long Term Incentive Plan, and which were available to be exercised.

Director	No of nil cost options exercised  in respect of  11 February 2014 awards	No of ordinary shares sold in respect of  11 February 2014 awards
ML Bride	84,025	84,025
AP Cox	90,478	90,478
DA Horton	160,769	160,769
NP Maidment	90,478	90,478
CA Washbourn	90,478	90,478

The average price for the disposal of the ordinary shares of 5 pence each was 424.336p.

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

Martin Bride

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

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	97,755

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

f)

Place of the transaction

Vesting of the shares 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 vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
424.336p	97,755

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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	84,025

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

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)
424.336p	84,025

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	109,837

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

f)

Place of the transaction

Vesting of the shares 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

Sales of shares to cover income tax and NICs liability from the vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
424.336p	51,586

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

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)
424.336p	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BYQ0JC66

b)

Nature of the transaction

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	191,758

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

f)

Place of the transaction

Vesting of the shares 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 vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
424.336p	191,758

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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	160,769

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

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)
424.336p	160,769

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Maidment

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

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	146,450

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

f)

Place of the transaction

Vesting of the shares 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 vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
424.336p	146,450

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

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)
424.336p	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Clive Washbourn

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

Vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	146,450

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

f)

Place of the transaction

Vesting of the shares 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 vesting of shares under the Beazley plc Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
424.336p	146,450

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

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	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

13 February 2017

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)
424.336p	90,478

d)

Aggregated information

- Aggregated volume

-Price

n/a

n/a

e)

Date of the transaction

15 February 2017

f)

Place of the transaction

London Stock Exchange (XLON)

Note to editors:

Beazley plc (BEZ) is the parent company of specialist insurance businesses with operations

in Europe, the US, Latin America, Asia, the Middle East and Australia.  Beazley manages six Lloyd's syndicates and, in 2016, underwrote gross premiums worldwide of $2,195.6 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 is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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