22 Mar 2021 12:49
Hiscox Ltd
(the 'Company')
Β
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Β
Hamilton, Bermuda - The Company announces that on 18 March 2021, Joanne Musselle, PDMR, exercised nil-cost options under the Performance Share Plan to acquire 96,688 Ordinary Shares of 6.5p each ("Shares"). On the same day, Ms Musselle sold 45,603 Shares each in the Company at a price of Β£8.4421 per Share to cover associated tax liabilities.
Β
The above transactions were executed in GBP.
Β
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.
Β
Marc Wetherhill
Β
Company Secretary
Hiscox Ltd
+ 1 441 278 8300
Β
Β
1 Β | Details of the person discharging managerial responsibilities / person closely associated Β | |||||
a) Β | Name Β Β | Joanne Musselle | ||||
2 Β | Reason for the notification Β | |||||
a) Β | Position/status Β Β | PDMR - Chief Underwriting Officer, Hiscox Group Β | ||||
b) Β | Initial notification /Amendment Β Β | Initial Notification | ||||
3 Β | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Β | |||||
a) Β | Name Β Β | Hiscox Ltd | ||||
b) Β | LEI Β Β | 5493007JXOLJ0QCY2D70 Β | ||||
4 Β | 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 Β Β | |||||
a) Β | Description of the financial instrument, type of instrument Β Identification code Β Β | Β Ordinary Shares of 6.5p each Β ISIN: BMG4593F1389 Β Β | ||||
b) Β | Nature of the transaction Β Β | Exercise of nil-options under the Performance Share Plan | ||||
c) Β | Price(s) and volume(s) Β Β | Β
Β Β | ||||
d) Β | Aggregated information Β Β - Aggregated volume Β Β - Price Β Β | Β
Β Β | ||||
e) Β | Date of the transaction Β Β | 2021-03-18 | ||||
f) Β | Place of the transaction Β Β | LONDON STOCK EXCHANGE, XLON | ||||
Β
Β
1 Β | Details of the person discharging managerial responsibilities / person closely associated Β | |||||
a) Β | Name Β Β | Joanne Musselle | ||||
2 Β | Reason for the notification Β | |||||
a) Β | Position/status Β Β | PDMR - Chief Underwriting Officer, Hiscox Group Β | ||||
b) Β | Initial notification /Amendment Β Β | Initial Notification | ||||
3 Β | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Β | |||||
a) Β | Name Β Β | Hiscox Ltd | ||||
b) Β | LEI Β Β | 5493007JXOLJ0QCY2D70 Β | ||||
4 Β | 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 Β Β | |||||
a) Β | Description of the financial instrument, type of instrument Β Identification code Β Β | Β Ordinary Shares of 6.5p each Β ISIN: BMG4593F1389 Β Β | ||||
b) Β | Nature of the transaction Β Β | Sale of shares to cover tax following exercise of nil-cost options under the Performance Share Plan | ||||
c) Β | Price(s) and volume(s) Β Β | Β
Β Β | ||||
d) Β | Aggregated information Β Β - Aggregated volume Β Β - Price Β Β | Β
Β Β | ||||
e) Β | Date of the transaction Β Β | 2021-03-18 | ||||
f) Β | Place of the transaction Β Β | LONDON STOCK EXCHANGE, XLON | ||||
Β
Follow the stocks