Beazley PLC Grant of Share Incentives to Directors (7870E)
14 February 2018 - 2:38AM
UK Regulatory
TIDMBEZ
RNS Number : 7870E
Beazley PLC
13 February 2018
Beazley plc
London, 13 February 2018
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 13 February 2018.
Director Number of ordinary
shares of 5 pence
each over which
awards were granted
-------------- ---------------------
M L Bride 18,072
-------------- ---------------------
A P Cox 27,108
-------------- ---------------------
D A Horton 30,723
-------------- ---------------------
N P Maidment 22,590
-------------- ---------------------
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 5p each were made to
the following Directors on 13 February 2018.
Director Number of nil-cost
options over ordinary
shares
-------------- -----------------------
M L Bride 89,458
-------------- -----------------------
A P Cox 95,151
-------------- -----------------------
D A Horton 169,338
-------------- -----------------------
N P Maidment 95,151
-------------- -----------------------
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 become exercisable on the third anniversary of the date of
grant, and 50% 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 both meeting
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 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 Ordinary shares of 5
of the financial pence each
instrument,
type of instrument GB00BYQ0JC66
Identification
code
--- ------------------------------- ----------------------------------------
b) Nature of the 1. Grant of share options
transaction 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 Transaction Price(s) Volume(s)
volume(s) ------------- --------- ----------
1. LTIP 0.00p 89,458
------------- --------- ----------
2. Deferred 0.00p 18,072
------------- --------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated n/a
volume n/a
-Price
--- ------------------------------- ----------------------------------------
e) Date of the 13 February 2018
transaction
--- ------------------------------- ----------------------------------------
f) Place of the Grant of the options
transaction occurred outside a trading
venue.
--- ------------------------------- ----------------------------------------
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 Ordinary shares of 5
of the financial pence each
instrument,
type of instrument GB00BYQ0JC66
Identification
code
--- ------------------------------- ----------------------------------------
b) Nature of the 1. Grant of share options
transaction 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 Transaction Price(s) Volume(s)
volume(s) ------------- --------- ----------
1. LTIP 0.00p 95,151
------------- --------- ----------
2. Deferred 0.00p 27,108
------------- --------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated n/a
volume n/a
-Price
--- ------------------------------- ----------------------------------------
e) Date of the 13 February 2018
transaction
--- ------------------------------- ----------------------------------------
f) Place of the Grant of the options
transaction 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 Ordinary shares of 5
of the financial pence each
instrument,
type of instrument GB00BYQ0JC66
Identification
code
--- ------------------------------- ----------------------------------------
b) Nature of the 1. Grant of share options
transaction 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 Transaction Price(s) Volume(s)
volume(s) ------------- --------- ----------
1. LTIP 0.00p 169,338
------------- --------- ----------
2. Deferred 0.00p 30,723
------------- --------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated n/a
volume n/a
-Price
--- ------------------------------- ----------------------------------------
e) Date of the 13 February 2018
transaction
--- ------------------------------- ----------------------------------------
f) Place of the Grant of the options
transaction occurred outside a trading
venue.
--- ------------------------------- ----------------------------------------
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 Ordinary shares of 5
of the financial pence each
instrument,
type of instrument GB00BYQ0JC66
Identification
code
--- ------------------------------- ----------------------------------------
b) Nature of the 1. Grant of share options
transaction 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 Transaction Price(s) Volume(s)
volume(s) ------------- --------- ----------
1. LTIP 0.00p 95,151
------------- --------- ----------
2. Deferred 0.00p 22,590
------------- --------- ----------
--- ------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated n/a
volume n/a
-Price
--- ------------------------------- ----------------------------------------
e) Date of the 13 February 2018
transaction
--- ------------------------------- ----------------------------------------
f) Place of the Grant of the options
transaction occurred outside a trading
venue.
--- ------------------------------- ----------------------------------------
Note to editors:
Beazley plc (BEZ.L) is the parent company of specialist
insurance businesses with operations in Europe, United States,
Canada, Latin America and Asia. Beazley manages seven Lloyd's
syndicates and, in 2017, underwrote gross premiums worldwide of
$2,343.8 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 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
DSHEASADFDDPEFF
(END) Dow Jones Newswires
February 13, 2018 10:38 ET (15:38 GMT)
Beazley (LSE:BEZ)
Historical Stock Chart
From Apr 2024 to May 2024
Beazley (LSE:BEZ)
Historical Stock Chart
From May 2023 to May 2024