Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Hamilton, Bermuda - The Company announces that on 13 August 2018, the proceeds of the June 2018 dividend were reinvested by the Nominee shareholder on behalf of Mr Colin Keogh resulting in a purchase of 58 Ordinary Shares of 6.5p each in the Company at a price of £16.857 per share.
The Company previously announced that Mr Richard Watson exercised and sold 87,000 options pursuant to the Performance Share Plan on 31 May 2018 at a price of £15.057175 per share. This transaction was incorrectly announced as an exercise and sale and should have been announced as a sale of 87,000 Ordinary Shares of 6.5p each in the Company on 31 May 2018 at a price of £15.057175 per share.
The above transactions were executed in GBP.
The notification made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) are set out below.
Marc Wetherhill
Company Secretary
Hiscox Ltd
+ 1 441 278 8300
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Colin Keogh |
2 |
Reason for the notification |
a) |
Position/status |
Non-Executive Director |
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 |
Reinvestment of cash dividend into shares. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£16.857 |
58 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
58 |
£977.71 |
|
e) |
Date of the transaction |
13 August 2018 |
f) |
Place of the transaction |
XLON |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Richard Watson |
2 |
Reason for the notification |
a) |
Position/status |
Director |
b) |
Initial notification /Amendment |
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 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) |
£15.057175 |
87,000 |
|
d) |
Aggregated information gg - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
87,000 |
£1,309,974.23 |
|
e) |
Date of the transaction |
31 May 2018 |
f) |
Place of the transaction |
XLON |