REG - Hiscox Ltd - Director/PDMR Shareholding

HiscoxAnnouncement

11/04/2024 12:30

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RNS Number : 3022K  Hiscox Ltd  11 April 2024

 

Hiscox Ltd

 

(the 'Company')

 

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

 

Hamilton, Bermuda - On 8 April 2024 awards in the form of nil-cost options
were granted to the following Executive Directors under the Company's
Performance Share Plan to acquire ordinary 6.5p shares ('Shares') in the
capital of the Company. The awards are subject to performance conditions
measured over the three financial years from 1 January 2024 to 31 December
2026 relating to growth in Net Asset Value (plus dividend and shareholder
returns) and relative Total Shareholder Return. Further details in relation to
the performance conditions will be included in the Directors' Remuneration
Report for the 2024 financial year.

 

Details of the number of Shares over which awards were granted are set out in
the table below.

 

 H A Hussain   161,372
 Paul Cooper   90,368
 J R Musselle  90,368

 

Subject to the satisfaction of the performance conditions, awards will vest on
8 April 2027 and shares acquired will be subject to a holding period ending on
the fifth anniversary of grant.

 

The awards were granted in Bermuda.

 

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

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Hamayou Akbar (Aki) Hussain

 2    Reason for the notification

 a)   Position/status                                              PDMR - Group Chief Executive 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

                                                                   Ordinary Shares of 6.5p each

      Identification code

                                                                   ISIN: BMG4593F1389

 b)   Nature of the transaction                                    Grant of performance-based nil-cost option over shares under the Company's

                                                            Performance Share Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   nil       161,372

 
 d)   Aggregated information

Aggregated Volume  Aggregated Price

       - Aggregated volume                                         161,372            nil

 

       - Price

 e)   Date of the transaction                                      2024-04-08

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 Aggregated Volume  Aggregated Price

 161,372            nil

 

e)

 

Date of the transaction

 

2024-04-08

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 - Group 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

                                                                   Ordinary Shares of 6.5p each

      Identification code

                                                                   ISIN: BMG4593F1389

 b)   Nature of the transaction                                    Grant of performance-based nil-cost option over shares under the Company's

                                                            Performance Share Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   nil       90,368

 
 d)   Aggregated information

Aggregated Volume  Aggregated Price

       - Aggregated volume                                         90,368             nil

 

       - Price

 e)   Date of the transaction                                      2024-04-08

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 Aggregated Volume  Aggregated Price

 90,368             nil

 

e)

 

Date of the transaction

 

2024-04-08

f)

 

Place of the transaction

 

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Joanne Musselle

 2    Reason for the notification

 a)   Position/status                                              PDMR - Group Underwriting 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

                                                                   Ordinary Shares of 6.5p each

      Identification code

                                                                   ISIN: BMG4593F1389

 b)   Nature of the transaction                                    Grant of performance-based nil-cost option over shares under the Company's

                                                            Performance Share Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   nil       90,368

 
 d)   Aggregated information

Aggregated Volume  Aggregated Price

       - Aggregated volume                                         90,368             nil

 

       - Price

 e)   Date of the transaction                                      2024-04-08

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

 - Aggregated volume

 

 - Price

 

 

 Aggregated Volume  Aggregated Price

 90,368             nil

 

e)

 

Date of the transaction

 

2024-04-08

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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