Director/PDMR Shareholding

RNS Number : 4729W

Hiscox Ltd

14 November 2017

 



Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - The Company has been notified by Mr Bronek Masojada, Chief Executive Officer, that a person closely associated with him has sold 100,000 Ordinary Shares of 6.5p each in the Company, on 9 November 2017, at a price of 1444.49p per share. The transaction was executed in GBP.

The Company has also been notified by Mr Robert Childs, Chairman, that he and a person closely associated with him have together transferred a total of 44,800 Ordinary Shares of 6.5p each in the Company. The transactions took place on 10 November 2017 and comprised 22,400 Shares transferred by Mr Robert Childs to The Robert Childs 2017 Discretionary Settlement Trust and 22,400 Shares transferred by Mrs Mary Childs to The Mary Childs 2017 Discretionary Settlement Trust, for nil consideration. Both Robert Childs and Mary Childs retained the beneficial ownership in the shares.

The Company has also been notified by Mr Richard Watson, Chief Underwriting Officer, that he sold 50,000 Ordinary Shares of 6.5p each in the Company, on 10 November 2017, at a price of 1449.97p per share. The transaction was executed in GBP and took place in Switzerland.

The notifications made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) are set out below.  

Marc Wetherhill

Company Secretar

Hiscox Ltd

+ 1 441 278 8300

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jane Masojada
2	Reason for the notification
a)	Position/status	PCA to 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) £14.4449 100,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 100,000 £1,444,494
e)	Date of the transaction	9 November 2017
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Childs
2	Reason for the notification
a)	Position/status	Chairman
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	Transfer of shares to a personal trust set up by Robert Childs
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 22,400
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 22,400 NIL
e)	Date of the transaction	10 November 2017
f)	Place of the transaction	Outside of Trading Platform

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mary Childs
2	Reason for the notification
a)	Position/status	PCA to Chairman
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	Transfer of shares to a personal trust set up by Mary Childs
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 22,400
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 22,400 NIL
e)	Date of the transaction	10 November 2017
f)	Place of the transaction	Outside of Trading Platform

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Watson
2	Reason for the notification
a)	Position/status	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	Share Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 14.499687 50,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 50,000 724,984.35
e)	Date of the transaction	10 November 2017
f)	Place of the transaction	XLON

 

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