Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Hamilton, Bermuda - The Company has been notified that on 15 August 2019 Mr Bronek Masojada, Executive Director, exercised 37,500 nil-cost options under the Performance Share Plan to acquire Ordinary Shares of 6.5p each ("Shares") and sold the resultant 37,500 Shares at a price of £15.7501 per Share.
The Company has also been notified that on 15 August 2019, a person closely associated with Mr Bronek Masojada sold 37,500 Shares at an average price of £15.7534 per Share.
The Company has also been notified that on 15 August 2019 that Mrs Amanda Brown, a PDMR, exercised 86,146 nil-cost options to acquire Shares under the Performance Share Plan and sold the resultant 86,146 Shares at a price of £15.6629 per Share.
The above transactions were executed in GBP.
The notification as required by 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 |
Bronek Masojada |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive Officer |
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) |
£15.7501 |
37,500 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
37,500 |
£590,628.75 |
|
e) |
Date of the transaction |
2019-08-15 |
f) |
Place of the transaction |
LONDON STOCK EXCHANGE, XLON |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Amanda Brown |
2 |
Reason for the notification |
a) |
Position/status |
PDMR - Group Human Resources 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) |
£15.6629 |
86,146 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
86,146 |
£1,349,296.18 |
|
e) |
Date of the transaction |
2019-08-15 |
f) |
Place of the transaction |
LONDON STOCK EXCHANGE, XLON |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Matterhorn Assets Limited |
2 |
Reason for the notification |
a) |
Position/status |
PCA to Bronek Masojada, Chief Executive Officer |
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 |
Share Sale |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£15.7534 |
37,500 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated Volume |
Aggregated Price |
37,500 |
£590,751.13 |
|
e) |
Date of the transaction |
2019-08-15 |
f) |
Place of the transaction |
LONDON STOCK EXCHANGE, XLON |