Director/PDMR Shareholding

Hiscox Ltd

03 April 2024

 

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - Further to the Company's announcement on 17 May 2022, the third tranche of the buy-out award made to Paul Cooper, the Company's Chief Financial Officer, under the Company's Performance Share Plan (the "Plan") comprising 42,945 ordinary shares of 6.5p each ("Shares"), vested on 1 April 2024 (the "Award").   

In accordance with the terms of the Plan, Mr Cooper also received an additional 1,484 Shares equivalent to the value of dividends paid by the Company between the date of grant and the date of vesting in respect of Shares under the Award which vested.

On 2 April 2024, Mr Cooper sold 20,955 Shares at a price of £12.43 per Share to cover associated tax liabilities.

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	Paul Cooper
2	Reason for the notification
a)	Position/status	PDMR - Chief Financial 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	Receipt of shares in satisfaction of the buy-out award granted under the Company's Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 44,429
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 44,429 nil
e)	Date of the transaction	2024-04-01
f)	Place of the transaction	Outside a trading venue

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
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP12.43 20,955
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price Total Price 20,955 GBP12.43 GBP260,470.65
e)	Date of the transaction	2024-04-02
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

 

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