Hiscox Limited

Notice of Dividend Amount • May 16, 2013

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RNS Number : 9301E

Hiscox Ltd

16 May 2013

Hiscox Ltd

(the 'Company')

Announcement post redemption of Deferred Shares

Redemption of Deferred Shares

Hamilton, Bermuda (16 May, 2013) - Further to the approval by Shareholders of the Return of Capital at the Extraordinary General Meeting ("EGM") held on 28 March 2013 Hiscox Ltd ("Hiscox" or the "Company") announces that all of the issued and outstanding Deferred Shares arising from the payment of the Dividend Alternative in respect of the outstanding B Shares in the capital of the Company were redeemed today on 16, May 2013 in accordance with the Bye-Laws of the Company for an aggregate price of 1 pence. 

Pursuant to the Return of Capital as set out in the Circular to Shareholders dated 26 February 2013 (the "Circular") and approved at the EGM all of the B Shares in respect of which the Capital Alternative was elected for by Shareholders were redeemed and cancelled on 4 April 2013 and 12 April 2013 and all of the B Shares in respect of which the Dividend Alternative was deemed to have been elected were automatically converted into Deferred Shares on 12 April 2013.  As a result of the redemption announced today all of those Deferred Shares have now been cancelled.

Further details of the Return of Capital are contained in the Circular.  Terms used in this announcement have the same meaning as set out in the Circular.

For further information:

Hiscox Ltd

Jeremy Pinchin, Group Company Secretary +1 441 278 8300

Kylie O'Connor, Head of Group Communications, London +44 (0)20 7448 6656

This information is provided by RNS

The company news service from the London Stock Exchange

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