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3 Aug 2016 18:12
Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
Hamilton, Bermuda - The Company has been notified by Mr Richard Watson, a Director, that on 2 August 2016 he exercised nil-cost options under the Performance Share Plan to acquire 134,837 Ordinary Shares of 6.5p per share ("Shares"). On the same date Mr Watson sold 96,234 Shares at a price of 1083.862p per share. The transactions were executed in GBP. The notification made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) is set out below.
Following these transactions Mr Watson remains interested in 750,000 Ordinary Shares.
Jeremy Pinchin
Company Secretary
Hiscox Ltd
+ 1 441 278 8300
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Watson
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director and Chief Underwriting Officer | ||||
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
| Exercise of options under the Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
134,837
Nil cost options
| ||||
e)
| Date of the transaction
| 2 August 2016 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
5
| 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
| Sale of Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
96,234
£1,043,044.05 (aggregate price)
| ||||
e)
| Date of the transaction
| 2 August 2016 | ||||
f)
| Place of the transaction
| XLON | ||||
Hiscox (HSX)
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