Director/PDMR Shareholding

RNS Number : 1936G

Hiscox Ltd

03 August 2016

 

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

Hamilton, Bermuda - The Company has been notified by Mr Richard Watson, a Director, that on 2 August 2016 he exercised nil-cost options under the Performance Share Plan to acquire 134,837 Ordinary Shares of 6.5p per share ("Shares"). On the same date Mr Watson sold 96,234 Shares at a price of 1083.862p per share. The transactions were executed in GBP. The notification made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) is set out below.

Following these transactions Mr Watson remains interested in 750,000 Ordinary Shares.

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Watson
2	Reason for the notification
a)	Position/status	Director and Chief Underwriting 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 of options under the Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost options 134,837
d)	Aggregated information - Aggregated volume - Price	134,837 Nil cost options
e)	Date of the transaction	2 August 2016
f)	Place of the transaction	Outside a trading venue
5	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	Sale of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1083.86230438p 96,234
d)	Aggregated information - Aggregated volume - Price	96,234 £1,043,044.05 (aggregate price)
e)	Date of the transaction	2 August 2016
f)	Place of the transaction	XLON

 

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