Hiscox Ltd Director/PDMR Shareholding (3667L)
April 18 2018 - 9:07AM
UK Regulatory
TIDMHSX
RNS Number : 3667L
Hiscox Ltd
18 April 2018
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 13 April 2018.
The Plan specifies certain performance criteria and the
participants received 85.3 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 date of grant and the vesting of the awards ('Rolled Up
Dividends').
Nil cost options, including Rolled Up Dividends, were received
by the following Directors and PDMRs and are exercisable until 13
April 2025.
Directors Awards
------------- --------
BE Masojada 117,006
------------- --------
HA Hussain 34,562
------------- --------
RC Watson 87,484
------------- --------
PDMRs Awards
------------- -------
AV Brown 45,002
------------- -------
M Krefta 40,502
------------- -------
S Langan 72,003
------------- -------
PA Lawrence 72,003
------------- -------
K Markham 15,300
------------- -------
Conditional share awards, including Rolled up Dividends, were
received by the following PDMRs and vested immediately.
PDMRs Awards
----------- -------
J Pinchin 72,003
----------- -------
B Walter 33,751
----------- -------
The transactions took place in Switzerland.
The notification 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 1. Bronislaw Masojada
2. Hamayou Akbar Hussain
3. Richard Watson
4. Amanda Brown
5. Michael Krefta
6. Steve Langan
7. Paul Lawrence
8. Katrina Markham
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status 1. Director/ CEO
2. Director/ CFO
3. Director/CUO
4. PDMR
5. PDMR
6. PDMR
7. PDMR
8. PDMR
--- ------------------------- ----------------------------------------
b) Initial notification Initial notification
/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 Nil cost options in respect
instrument, type of Ordinary Shares of 6.5p
of instrument each
ISIN: BMG4593F1389
Identification
code
--- ------------------------- ----------------------------------------
b) Nature of the Grant of nil cost options
transaction
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- ----------------
1. Nil 1. 117,006
2. Nil 2. 34,562
3. Nil 3. 87,484
4. Nil 4. 45,002
5. Nil 5. 40,502
6. Nil 6. 72,003
7. Nil 7. 72,003
8. Nil 8. 15,300
------------- ----------------
--- ------------------------- ----------------------------------------
d) Aggregated information Aggregated Aggregated
Volume Price
---------------- -------------------
- Aggregated volume 1. 117,006 1. Nil
2. 34,562 2. Nil
3. 87,484 3. Nil
- Price 4. 45,002 4. Nil
5. 40,502 5. Nil
6. 72,003 6. Nil
7. 72,003 7. Nil
8. 15,300 8. Nil
---------------- -------------------
--- ------------------------- ----------------------------------------
e) Date of the transaction 13 April 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name 1. Jeremy Pinchin
2. Benjamin Walter
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status 1. PDMR
2. PDMR
--- ------------------------- ----------------------------------------
b) Initial notification Initial notification
/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 Ordinary Shares of 6.5p each
the financial
instrument, type ISIN: BMG4593F1389
of instrument
Identification
code
--- ------------------------- ----------------------------------------
b) Nature of the Shares awarded under the
transaction Rules of the Performance
Share Plan
--- ------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- ----------------
1. Nil 1. 72,003
2. Nil 2. 33,751
------------- ----------------
--- ------------------------- ----------------------------------------
d) Aggregated information Aggregated Aggregated
Volume Price
---------------- -------------------
- Aggregated volume 1. 72,003 1. Nil
2. 33,751 2. Nil
---------------- -------------------
- Price
--- ------------------------- ----------------------------------------
e) Date of the transaction 13 April 2018
--- ------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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