Share Security Arrangements

RNS Number : 6229Y

Hiscox Ltd

07 September 2009

 



Hiscox received notification on 3 September 2009 from Mr Bronislaw Masojada, a director of the Company, that Matterhorn Assets, a company wholly owned by Matterhorn Trust, a trust of which Mr Masojada is a beneficiary, renewed its banking facilities. As part of these arrangements Matterhorn Trust agreed to security arrangements over 2,171,580 ordinary shares in the Company.

The arrangements are on normal banking terms and were entered into on 26 August 2009.  They include new terms including, inter alia, margin requirements and dealing arrangements which allow the bank to deal without further permission from the Company using the Trading Plan exemptions within the Listing Rules issued by the UK Listing Authority.

Mr Masojada has separate security arrangements over 755,452 beneficially owned ordinary shares in the Company.  These arrangements were renewed on 27 August 2009.

As at 1 September 2009 Mr Masojada remains interested in 3,228,665 shares in the Company.

Ends 

For further information:

Hiscox Ltd
Charles Dupplin, Company Secretary, Bermuda	[phone]
Kylie O'Connor, Head of Communications, London	[phone]
Maitland	[phone]
Richard Farnsworth

 

END

 

 

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