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Hiscox Limited
Remuneration Information • Apr 3, 2024
6225_dirs_2024-04-03_43da9170-d1f5-4226-81a1-a9986db4cbc3.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2067J
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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