Director/PDMR Shareholding

RNS Number : 7711V

Hiscox Ltd

16 April 2021

 

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - The Company announces that on 12 April 2021, Benjamin Walter, PDMR, exercised nil-cost options under the Performance Share Plan to acquire 21,719 Ordinary Shares of 6.5p each ("Shares"). 10,463 Shares in the Company at a price of £8.5918 per Share were withheld to cover associated tax liabilities.

The Company further announces that on 12 April 2021, Joanne Musselle, PDMR exercised nil-cost options under the Performance Share Plan to acquire 12,411 Shares. On the same day Ms Musselle sold 5,845 Shares at a price of £8.5918 per Share to cover associated tax liabilities.

The above transactions were executed in GBP.

The notifications set out below are made in accordance with the UK version of the EU Market Abuse Regulation (2014/596/EU) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Marc Wetherhill

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Benjamin Walter
2	Reason for the notification
a)	Position/status	PDMR - CEO, Hiscox Global Retail
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 nil-options under the Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £ nil 11,256
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 11,256 £ nil
e)	Date of the transaction	2021-04-12
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joanne Musselle
2	Reason for the notification
a)	Position/status	PDMR - Chief Underwriting Officer, Hiscox Group
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 nil-options under the Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £ nil 12,411
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 12,411 £ nil
e)	Date of the transaction	2021-04-12
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joanne Musselle
2	Reason for the notification
a)	Position/status	PDMR - Chief Underwriting Officer, Hiscox Group
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	Sale of shares to cover tax following exercise of nil-cost options under the Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £8.5918 5,845
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 5,845 £50,219.07
e)	Date of the transaction	2021-04-12
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

 

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