AI Terminal
Hiscox Limited
Director's Dealing • Apr 5, 2023
6225_dirs_2023-04-05_ba65b205-3ba7-4bd5-acae-a5ce24226590.html
Director's Dealing
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 5210V
Hiscox Ltd
05 April 2023
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 second tranche of the buy-out award made to Paul Cooper, PDMR, under the Company's Performance Share Plan (the "Plan") vested on 3 April, 2023 (the "Award").
In accordance with the terms of the Plan, Mr Cooper is also entitled to receive an additional 820 ordinary shares of 6.5p each ("Shares") equivalent to the dividends paid by the Company between the date of grant and the date of vesting in respect of the Award of 86,780 Shares ("Rolled Up Dividend").
On the same day, Mr Cooper sold 41,317 Shares at a price of £10.89 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, 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 buy-out award over shares under the Company's Performance Share Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 86,780 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregated Volume | Aggregated Price | Total Price |
| 86,780 | nil | nil |
f)
Place of the transaction
Outside a trading venue
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
Increase in number of Shares subject to award under the Company's Performance Share Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 820 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregated Volume | Aggregated Price | Total Price |
| 820 | nil | nil |
f)
Place of the transaction
Outside a trading venue
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
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) |
| GBP10.90 | 41,317 |
d)
Aggregated information
- Aggregated volume
- Price
| Aggregated Volume | Aggregated Price | Total Price |
| 41,317 | GBP10.90 | GBP450,377.10 |
f)
Place of the transaction
LONDON STOCK EXCHANGE, XLON
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBXGDSUBGDGXU