Beazley PLC

Remuneration Information • Feb 12, 2020

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RNS Number : 7911C

Beazley PLC

12 February 2020

Beazley plc

London, 12 February 2020

Grant of Share Incentives to Directors

Beazley plc announces that the following grants of deferred share bonus awards under the Beazley plc Deferred Share Plan were made to the following Directors on 11 February 2020.

Director	Number of ordinary shares of 5 pence each over which awards were granted
Adrian Cox	45,340
Andrew Horton	55,415
Sally Lake	21,410

In all cases, there was no consideration for the grant of the awards.  Awards will normally vest on the third anniversary of the date of grant subject to continued employment. 

Beazley plc further 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 11 February 2020.

Director	Number of nil-cost options over ordinary shares
Adrian Cox	98,236
Andrew Horton	166,246
Sally Lake	88,161

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BYQ0JC66

b)

Nature of the transaction

1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP').

2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').

c)

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
1.   LTIP	0.00p	98,236
2.   Deferred	0.00p	45,340

d)

Aggregated information

- Aggregated volume

- Price

n/a

n/a

e)

Date of the transaction

11 February 2020

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BYQ0JC66

b)

Nature of the transaction

1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP').

2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').

c)

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
1.   LTIP	0.00p	166,246
2.    Deferred	0.00p	55,415

d)

Aggregated information

- Aggregated volume

- Price

n/a

n/a

e)

Date of the transaction

11 February 2020

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BYQ0JC66

b)

Nature of the transaction

1.   Grant of share options under the Beazley plc Long Term Incentive Plan ('LTIP').

2.   Grant of share award under the Beazley plc Deferred Share Plan ('Deferred').

c)

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
1.    LTIP	0.00p	88,161
2.    Deferred	0.00p	21,410

d)

Aggregated information

- Aggregated volume

- Price

n/a

n/a

e)

Date of the transaction

11 February 2020

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 2019, underwrote gross premiums worldwide of $3,003.9 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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