Hiscox Ltd Director/PDMR Shareholding (1260A)

TIDMHSX

RNS Number : 1260A

Hiscox Ltd

21 March 2017

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

Hamilton, Bermuda - Awards previously made to Directors and other PDMRs under the Company's Performance Share Plan (the 'Plan') vested on 17 March 2017.

The Plan specifies certain performance criteria and the participants received 100 per cent of their original awards. Under the terms of the Plan further awards over the 6.5p ordinary shares (Shares) were made which were equivalent to the rolled up dividends between the grant and vesting of the awards ('Rolled Up Dividends').

The numbers of nil cost options indicated below were received by the relevant Directors and PDMRs by way of Rolled Up Dividends and are exercisable until 17 March 2024.

The notification made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) is set out below.

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------------- 
 a)   Name                                  1. Bronislaw Masojada 
                                             2. Richard Watson 
                                             3. Amanda Brown 
                                             4. Steve Langan 
                                             5. Paul Lawrence 
---  -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------- 
 a)   Position/status                       1. Director/ CEO 
                                             2. Director/ CUO 
                                             3. PDMR 
                                             4. PDMR 
                                             5. PDMR 
---  -------------------------  ---------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------------- 
 a)   Name                       Hiscox Ltd 
---  -------------------------  ---------------------------------------------- 
 b)   LEI                        5493007JXOLJ0QCY2D70 
---  -------------------------  ---------------------------------------------- 
 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               Nil cost options in respect 
       instrument, type            of Ordinary Shares of 6.5p 
       of instrument               each 
 
                                   ISIN: BMG4593F1389 
       Identification 
       code 
---  -------------------------  ---------------------------------------------- 
 b)   Nature of the              Grant of nil cost options 
       transaction 
---  -------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)       Volume(s) 
                                   -------------  --------------------- 
                                         1. Nil               1. 12,450 
                                          2. Nil               2. 8,779 
                                          3. Nil               3. 5,187 
                                          4. Nil               4. 7,183 
                                          5. Nil               5. 7,183 
                                   -------------  --------------------- 
---  -------------------------  ---------------------------------------------- 
 d)   Aggregated information       Aggregated              Aggregated 
                                     Volume                  Price 
                                   ----------------------  ------------------- 
       - Aggregated volume                      1. 12,450              1. Nil 
                                                 2. 8,779               2. Nil 
                                                 3. 5,187               3. Nil 
       - Price                                   4. 7,183               4. Nil 
                                                 5. 7,183               5. Nil 
                                   ----------------------  ------------------- 
---  -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    17 March 2017 
---  -------------------------  ---------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ---------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 21, 2017 13:15 ET (17:15 GMT)