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Last checked at 
18 Apr 2018 15:07
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 13 April 2018 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
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