RNS Number : 0940N
Hiscox Ltd
20 October 2016
 

 

Hiscox Ltd

 

(the 'Company')

 

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

 

 

Hamilton, Bermuda - The Company has been notified by Amanda Brown, a PDMR, that on 17 October 2016 she exercised nil-cost options under the Performance Share Plan to acquire 60,000 Ordinary Shares of 6.5p per share ("Shares")which she then sold on the same day at a price of 1027.9216p per share. 

 

The Company was also notified that on 17 October 2016 a person closely associated ("PCA") with Ms Brown sold 1,889 Shares at a price of 1026.0926p per Share.

 

The transactions were executed in GBP. 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.   Amanda Brown

2.   Edward Brown

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1.   PDMR

2.   PCA of Amanda Brown - PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

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 instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Exercise of options under the Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil cost options

 

60,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

60,000

 

 

Nil cost options

e)

 

Date of the transaction

 

 

17 October 2016

f)

 

Place of the transaction

 

 

Outside a trading venue

5

 

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 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1027.9216p

 

60,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

60,000

 

 

£616,752.96

 

e)

 

Date of the transaction

 

 

17 October 2016

f)

 

Place of the transaction

 

 

XLON

6

 

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 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1026.0926p

1,889

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

1,889

 

£19,382.88921

 

e)

 

Date of the transaction

 

 

17 October 2016

f)

 

Place of the transaction

 

 

XLON

 

 


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