12 Mar 2014 12:30
Hiscox Ltd
(the 'Company')
Notification of transactions by Directors or Person Discharging Managerial Responsibilities ('PDMRs')
Hamilton, Bermuda - The Company has been notified that Mr Richard Watson, a Director, has exercised options and sold the resulting ordinary 5 55/89p shares ("Shares") in the Company in a series of transactions as detailed below:
· On 7 March 2014 Mr Watson exercised 103,003 options under the Unapproved Share Option Scheme at 149.9p per Share and sold the resulting Shares on the same day at a price of 643.132p each.
· On 10 March 2014 Mr Watson exercised 25,812 options under the Unapproved Share Option Scheme at 149.9p per Share and sold the resulting Shares on the same day at a price of 640.238p each.
As a result of the above transactions Mr Watson has sold a total of 128,815 Shares in the Company.
This notice is made pursuant to DTR 3.1.4R.
Jeremy Pinchin
Company Secretary
Hiscox Ltd
+ 1 441 278 8300
Hiscox (HSX)