Close Period share repurchase

RNS Number : 6166E

Hiscox Ltd

23 December 2009

 



Hiscox Ltd

Close Period share repurchase programme

Hamilton, Bermuda (23 December 2009) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces that it has put in place an irrevocable, non-discretionary programme to purchase shares on its own behalf for treasury, during its close period. The programme runs from 1 January 2010 up to and including 28 February 2010.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase. The Company confirms that it currently has no unpublished price sensitive information.

ENDS

For further information:

Hiscox Ltd

Charles Dupplin, Company Secretary, Bermuda                 [phone]

Adeola Ajayi, Communications Co-ordinator, London          [phone]

Maitland                                                                        [phone]

Anthony Silverman 

Rebecca Mitchell

Notes to editors

About Hiscox

Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites mainly internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. Hiscox Insurance Company Limited, Hiscox Underwriting Limited and Hiscox Syndicates Ltd are regulated by the Financial Services Authority.  

For further information, visit www.hiscox.com.

 

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