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 /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

 

 

 

Nil cost options in respect of Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Grant of nil cost options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

4.   Nil

5.   Nil

 

1.   12,450

2.   8,779

3.   5,187

4.   7,183

5.   7,183

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

1.   12,450

2.   8,779

3.   5,187

4.   7,183

5.   7,183

 

 

1.   Nil

2.   Nil

3.   Nil

4.   Nil

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
 
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