Director/PDMR Shareholding

RNS Number : 5913G

Hiscox Ltd

13 May 2011

 

Hiscox Ltd

(the 'Company')

Notification of Transactions by Directors or Persons Discharging Managerial Responsibilities

This notification is made in accordance with Disclosure Transparency Rule 3.1.R(1).

The Company has received notification that on 13 May 2011 Jane Masojada, a connected person of Bronislaw Masojada a Director of the Company, sold 50,000 shares at a price of 416.25p per share.

The transaction took place in Bermuda.

The Company was also notified that Matterhorn Assets, a company wholly owned by Matterhorn Trust, a trust of which Mr Masojada is a beneficiary, renewed its banking facilities. As a part of these arrangements Matterhorn Trust agreed to the continuation of security arrangements over 2,171,580 shares in the Company. The arrangements are on normal banking terms and include, inter alia, margin requirements and dealing arrangements which allow the bank to deal without further permission from the Company using the Trading Plan exemptions within the Listing Rules issued by the UK Listing Authority.

Mr Masojada remains interested in 3,458,860 shares in the Company.

Charles Dupplin

Hiscox Ltd, Company Secretary

001 441 278 8300

 

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