Hiscox Ltd Director/PDMR Shareholding (8284V)
April 11 2019 - 1:01AM
UK Regulatory
TIDMHSX
RNS Number : 8284V
Hiscox Ltd
11 April 2019
Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMR')
Hamilton, Bermuda - On 8 April 2019 awards ("Awards") were made
to Executive Directors and PDMRs under the Company's Performance
Share Plan approved by shareholders on 19 May 2016 to acquire
ordinary 6.5p shares ("Shares") in the capital of the Company.
The Awards granted to Executive Directors are subject to
performance conditions measured over the three financial years from
1 January 2019 to 31 December 2021. The performance conditions will
continue to be measured against the growth in net asset value (NAV)
plus dividends, measured on a per share basis, as outlined in the
annual report on remuneration on pages 72-83 of the Company's
Annual Report and Accounts for the year ended 31 December 2018.
60% of the Awards granted to the PDMRs listed below are subject
to the same performance conditions as for Executive Directors over
the three financial years from 1 January 2019 to 31 December 2021.
The remaining 40% of each Award grant will vest after two years,
instead of three years, and the performance condition is linked to
the PDMR achieving their personal risk-based objectives.
Details of the number of Shares over which Awards were granted
are set out in the table below.
Executive Directors Awards
BE Masojada 82,000
-------
HA Hussain 63,250
-------
RC Watson 63,250
-------
PDMRs Awards
AV Brown 35,500
-------
M Krefta 45,000
-------
S Langan 45,000
-------
PA Lawrence 40,000
-------
K Markham 45,000
-------
B Walter 52,200
-------
The Awards were granted from Bermuda.
The notifications made in accordance with the requirements of
the EU Market Abuse Regulation (EU 596/2014).
Marc Wetherhill
Company Secretary
Hiscox Ltd
+ 1 441 278 8300
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END
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