Hiscox Limited

Director's Dealing • May 17, 2022

National Storage Mechanism | Additional information

RNS Number : 8445L

Hiscox Ltd

17 May 2022

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda (17 May 2022) - Following Paul Cooper's appointment as Group Chief Financial Officer taking affect, awards ("Awards") were granted on 16 May 2022 to Mr Cooper under the terms of the Company's Performance Share Plan ("Performance Share Plan") to acquire ordinary 6.5p shares ("Shares") in the capital of the Company.

Mr. Cooper received an Award over 141,646 Shares, subject to the achievement of performance conditions measured over the three financial years from 1 January 2022 to 31 December 2024. The performance conditions are aligned with those which apply to the executive director awards granted on 8 April 2022.  Subject to the satisfaction of the performance conditions, the Award will vest on the third anniversary of grant, and the shares acquired are subject to a further two year holding period.

In addition, Mr Cooper received a "buy-out" award over 167,036 Shares to compensate him for the loss of awards that he had in place with his previous employer.  This award is not subject to performance conditions and will vest in tranches on the dates, and over the number of shares, detailed below.  Vesting is subject to Mr Cooper's continued employment.  No additional holding provisions apply to the shares once acquired.

Vesting Date                 Number of Shares

19 September 2022       26,274

3 April 2023                   86,780

1 April 2024                   42,945

1 April 2025                   11,037

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, 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

Grant of performance-based award over shares under the Company's Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	141,646

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Volume	Aggregated Price	Total Price
141,646	nil	nil

e)

Date of the transaction

2022-05-16

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

Grant of buy-out award over shares under the Company's Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	167,036

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Volume	Aggregated Price	Total Price
167,036	nil	nil

e)

Date of the transaction

2022-05-16

f)

Place of the transaction

Outside a trading venue

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