Last checked at 11 Apr 2019 07:00
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 8 April 2019.
The Plan specifies certain performance criteria and the participants received 47.43 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 Executive Directors and PDMRs and are exercisable until 8 April 2026.
Executive Directors | Awards |
BE Masojada | 59,301 |
HA Hussain | 36,873 |
RC Watson | 40,918 |
PDMRs | Awards |
AV Brown | 19,767 |
M Krefta | 19,767 |
S Langan | 32,121 |
PA Lawrence | 32,121 |
K Markham | 9,883 |
A Conditional Share Award, including Rolled up Dividends but net of US Tax liabilities, was received by the following PDMR:
PDMRs | Awards |
B Walter | 16,648 |
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. Executive Director/ CEO 2. Executive Director/ CFO 3. Executive 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
| Vest of nil cost options under the Company's Performance Share Plan
| ||||
| ||||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 8 April 2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Benjamin Walter
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| 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
| Vest of Conditional Share Awards under the Company's Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 8 April 2019 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||