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Hiscox Ltd (HSX)

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Monday 22 March, 2021

Hiscox Ltd

Director/PDMR Shareholding

RNS Number : 0636T
Hiscox Ltd
22 March 2021
 

Hiscox Ltd

(the 'Company')

 

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

 

Hamilton, Bermuda - The Company announces that on 18 March 2021, Joanne Musselle, PDMR, exercised nil-cost options under the Performance Share Plan to acquire 96,688 Ordinary Shares of 6.5p each ("Shares"). On the same day, Ms Musselle sold 45,603 Shares each in the Company at a price of £8.4421 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

 

 

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

96,688

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

96,688

£ nil

 

 

e)

 

Date of the transaction

 

 

2021-03-18

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)

£8.4421

45,603

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

45,603

£384,985.09

 

 

e)

 

Date of the transaction

 

 

2021-03-18

f)

 

Place of the transaction

 

 

LONDON STOCK EXCHANGE, XLON

 

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