Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Hamilton, Bermuda - The Company has been notified that Mr Hamayou Akbar ("Aki") Hussain, a Director, on 4 October 2018, exercised nil-cost options under the Performance Share Plan to acquire 85,349 Ordinary Shares of 6.5p per share in the Company ("Shares") and then sold 40,255 of the resulting Shares at a price of £16.67.
The notification is made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) is 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 |
Hamayou Akbar ("Aki") Hussain |
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 |
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 and Sale of options under the Performance Share Plan |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
16.67 |
40,255 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
40,255 |
671,050.85 |
|
e) |
Date of the transaction |
4 October 2018 |
f) |
Place of the transaction |
XLON |