REG - Hiscox Ltd - ISSUER CALL OPTION EXERCISE NOTICE OF HISCOX

HiscoxAnnouncement

06/10/2025 07:02

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RNS Number : 0860C  Hiscox Ltd  06 October 2025

 

 

ISSUER CALL OPTION EXERCISE NOTICE OF HISCOX LTD GBP275,000,000 FIXED TO
FLOATING RATE CALLABLE SUBORDINATED NOTES DUE 2045 (ISIN: XS1323450236)

 

Hamilton, Bermuda (6 October 2025) - Hiscox Ltd ("Hiscox" or the "Company")
hereby notifies Noteholders of its GBP275,000,000 Fixed to Floating Rate
Callable Subordinated Notes Due 2045 (ISIN: XS1323450236) (the "Notes") (of
which GBP13,792,000 remain outstanding) that it is exercising its call option
to redeem all of the outstanding Notes on the First Call Date (being 24
November 2025) at their principal amount, together with any Arrears of
Interest and any other accrued and unpaid interest thereon to (but excluding)
the First Call Date in accordance with the Condition 6.3 of the Conditions (as
defined below).

 

Following payment by the Issuer of the amount to redeem each outstanding Note,
the Notes shall be redeemed in full, cancelled and de-listed from the Main
Market of the London Stock Exchange.

 

Capitalised terms used in this notice but not defined herein shall bear the
meanings given to them in the terms and conditions of the Notes set out in
Part B of Schedule 2 to the trust deed dated 24 November 2015 (as amended,
restated, modified and/or supplemented from time to time (including by the
First Supplemental Trust Deed dated 3 June 2021 and the Second Supplemental
Trust Deed dated 28 June 2021)) relating to the Notes and made between the
Issuer and the Trustee (the "Conditions").

 

ENDS

 

 

For further information

Investors and analysts

Yana O'Sullivan, Director of Investor Relations, London +44 (0)20 3321 5598

Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8300

 

Media

Eleanor Orebi Gann, Group Director of Communications, London +44 (0)20 7081
4815

Simone Selzer, Brunswick +44 (0)20 7404 5959

Tom Burns, Brunswick +44 (0)20 7404 5959

Notes to editors

About The Hiscox Group

Hiscox is a global specialist insurer, headquartered in Bermuda and listed
on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected
specialist insurer with a diverse portfolio by product and geography. We
believe that building balance between catastrophe-exposed business and less
volatile local specialty business gives us opportunities for profitable growth
throughout the insurance cycle.

The Hiscox Group employs over 3,000 people in 14 countries, and has customers
worldwide. Through the retail businesses in the USA, UK, Europe and Asia, we
offer a range of specialist insurance products in commercial and personal
lines. Internationally-traded, bigger-ticket business and reinsurance is
underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and
integrity. We pride ourselves on being true to our word and our award-winning
claims service is testament to that. For more information, visit
www.hiscoxgroup.com (http://www.hiscoxgroup.com) .

 

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