leadf
logo-loader
RNS
viewBeazley Group

Beazley PLC - Grant of Share Incentives to Directors

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

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

- Price

 

n/a

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

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

- Price

 

n/a

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

 

GB00BYQ0JC66

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

- Price

 

n/a

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEASAFFFKFEFA

Quick facts: Beazley Group

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

8 min read