Last checked at 18 Jun 2019 16:22
Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Hamilton, Bermuda - On 25 February 2019, the Company announced that that it would be offering a scrip dividend alternative to shareholders in connection with the final dividend of 28.6 cents per share payable on 12 June 2019. On 30 May, the Company announced the reference price for the scrip dividend alternative of £16.43.
The Company has been notified that the undernoted Directors, PDMRs or persons closely associated with them ('PCAs'), acquired the numbers of 6.5p ordinary shares stated below. The transactions were executed in GBP:
Name | Position | Number of shares |
Thomas Huerlimann | Independent Non-Executive Director | 119 |
Anne MacDonald | Independent Non-Executive Director | 414 |
Colin Keogh | Independent Non-Executive Director | 228 |
Steve Langan | PDMR - Chief Executive Officer, Hiscox USA | 322 |
Paul Lawrence | PDMR - Chief Underwriting Officer, Hiscox London Market | 106 |
Adam Masojada | PCA of B E Masojada - Hiscox Group CEO | 43 |
Jane Masojada | PCA of B E Masojada - Hiscox Group CEO | 36 |
Lara Masojada | PCA of B E Masojada - Hiscox Group CEO | 32 |
Michaela Masojada | PCA of B E Masojada - Hiscox Group CEO | 30 |
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
| Thomas Huerlimann | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Independent Non-Executive Director
| ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Anne MacDonald
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Independent Non-Executive Director
| ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Colin Keogh
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Independent Non-Executive Director
| ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Steve Langan
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Executive Officer, Hiscox USA | ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Lawrence
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Underwriting Officer, Hiscox London Market | ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Adam Masojada
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of B E Masojada - Hiscox Group CEO | ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jane Masojada
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of B E Masojada - Hiscox Group CEO
| ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Lara Masojada
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of B E Masojada - Hiscox Group CEO | ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Michaela Masojada
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of B E Masojada - Hiscox Group CEO
| ||||
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
| Acquisition of shares in accordance with the Scrip Dividend Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2019-06-12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||