Hiscox Limited

Director's Dealing • Apr 18, 2018

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RNS Number : 3667L

Hiscox Ltd

18 April 2018

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - Awards previously made to Directors and other PDMRs under the Company's Performance Share Plan (the 'Plan') vested on 13 April 2018.

The Plan specifies certain performance criteria and the participants received 85.3 per cent of their original awards. Under the terms of the Plan further awards over the 6.5p ordinary shares (Shares) were made which were equivalent to the rolled up dividends between the date of grant and the vesting of the awards ('Rolled Up Dividends').

Nil cost options, including Rolled Up Dividends, were received by the following Directors and PDMRs and are exercisable until 13 April 2025.

Directors	Awards
BE Masojada	117,006
HA Hussain	34,562
RC Watson	87,484

PDMRs	Awards
AV Brown	45,002
M Krefta	40,502
S Langan	72,003
PA Lawrence	72,003
K Markham	15,300

Conditional share awards, including Rolled up Dividends, were received by the following PDMRs and vested immediately.

PDMRs	Awards
J Pinchin	72,003
B Walter	33,751

The transactions took place in Switzerland.

The notification made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) is set out below.  

Marc Wetherhill

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.   Bronislaw Masojada

2.   Hamayou Akbar Hussain

3.   Richard Watson

4.   Amanda Brown

5.   Michael Krefta

6.   Steve Langan

7.   Paul Lawrence

8.   Katrina Markham

2

Reason for the notification

a)

Position/status

1.   Director/ CEO

2.   Director/ CFO

3.   Director/CUO

4.   PDMR

5.   PDMR

6.   PDMR

7.   PDMR

8.   PDMR

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

Nil cost options in respect of Ordinary Shares of 6.5p each

ISIN: BMG4593F1389

b)

Nature of the transaction

Grant of nil cost options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil 5.   Nil 6.   Nil 7.   Nil 8.   Nil	1.   117,006 2.   34,562 3.   87,484 4.   45,002 5.   40,502 6.   72,003 7.   72,003 8.   15,300

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Volume	Aggregated Price
1.   117,006 2.   34,562 3.   87,484 4.   45,002 5.   40,502 6.   72,003 7.   72,003 8.   15,300	1.   Nil 2.   Nil 3.   Nil 4.   Nil 5.   Nil 6.   Nil 7.   Nil 8.   Nil

e)

Date of the transaction

13 April 2018

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.   Jeremy Pinchin

2.   Benjamin Walter

2

Reason for the notification

a)

Position/status

1.   PDMR

2.   PDMR

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

Shares awarded under the Rules of the Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	1.   72,003 2.   33,751

d)

Aggregated information

- Aggregated volume

- Price

Aggregated Volume	Aggregated Price
1.   72,003 2.   33,751	1.   Nil 2.   Nil

e)

Date of the transaction

13 April 2018

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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