Last checked at 29 Dec 2010 13:34
HISCOX Ltd
Share Buyback Scheme
Hamilton, Bermuda - Hiscox Ltd (LSE:HSX), announces that it has entered into an irrevocable, non-discretionary programme to purchase shares on its own behalf, to be placed into treasury, during its close period. The programme commences on 4th January 2011 and runs up to and including 27th February 2011.
Any purchases will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase. The Company confirms that it currently has no unpublished price sensitive information.
For further information:
Charles Dupplin, Company Secretary, Bermuda +1 441 278 8300