REG - Hiscox Ltd - Director/PDMR Shareholding

HiscoxAnnouncement

03/04/2024 16:15

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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

                                                                   Ordinary Shares of 6.5p each

      Identification code

                                                                   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  Aggregated Price

                                                                   44,429             nil

      - Aggregated volume
 

      - Price

 e)   Date of the transaction                                      2024-04-01
 f)   Place of the transaction                                     Outside a trading venue

 

 

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

                                                                   Ordinary Shares of 6.5p each

      Identification code

                                                                   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  Aggregated Price  Total Price

                                                                   20,955             GBP12.43          GBP260,470.65

      - Aggregated volume
 

      - Price

 e)   Date of the transaction                                      2024-04-02
 f)   Place of the transaction                                     LONDON STOCK EXCHANGE, XLON

 

 

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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