Director/PDMR Shareholding

RNS Number : 6652C

Hiscox Ltd

18 June 2019

 

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - On 25 February 2019, the Company announced that that it would be offering a scrip dividend alternative to shareholders in connection with the final dividend of 28.6 cents per share payable on 12 June 2019. On 30 May, the Company announced the reference price for the scrip dividend alternative of £16.43.

The Company has been notified that the undernoted Directors, PDMRs or persons closely associated with them ('PCAs'), acquired the numbers of 6.5p ordinary shares stated below. The transactions were executed in GBP:

Name	Position	Number of shares
Thomas Huerlimann	Independent Non-Executive Director	119
Anne MacDonald	Independent Non-Executive Director	414
Colin Keogh	Independent Non-Executive Director	228
Steve Langan	PDMR - Chief Executive Officer, Hiscox USA	322
Paul Lawrence	PDMR - Chief Underwriting Officer, Hiscox London Market	106
Adam Masojada	PCA of B E Masojada - Hiscox Group CEO	43
Jane Masojada	PCA of B E Masojada - Hiscox Group CEO	36
Lara Masojada	PCA of B E Masojada - Hiscox Group CEO	32
Michaela Masojada	PCA of B E Masojada - Hiscox Group CEO	30

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	Thomas Huerlimann
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 119
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 119 £1,955.17
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anne MacDonald
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 414
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 414 £6,802.02
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Colin Keogh
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 228
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 228 £3,746.04
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Langan
2	Reason for the notification
a)	Position/status	PDMR - Chief Executive Officer, Hiscox USA
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 322
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 322 £5,290.46
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Lawrence
2	Reason for the notification
a)	Position/status	PDMR - Chief Underwriting Officer, Hiscox London Market
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 106
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 106 £1,741.58
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adam Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 43
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 43 £706.49
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jane Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 36
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 36 £591.48
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lara Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 32
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 32 £525.76
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michaela Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £16.43 30
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 30 £492.90
e)	Date of the transaction	2019-06-12
f)	Place of the transaction	Outside a trading venue

 

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