Director/PDMR Shareholding

RNS Number : 3520M

Hiscox Ltd

13 September 2019

 

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

Hamilton, Bermuda - On 29 July 2019, the Company announced that that it would be offering a scrip dividend alternative to shareholders in connection with the interim dividend of 13.75 cents per share payable on 11 September 2019. On 27 August 2019, the Company announced the reference price for the scrip dividend alternative of £15.90.

The Company has been notified that the undernoted Directors, PDMRs or persons closely associated with them ('PCAs'), acquired the numbers of 6.5p ordinary shares stated below:

Name	Position	Number of shares
Thomas Huerlimann	Independent Non-Executive Director	62
Anne MacDonald	Independent Non-Executive Director	227
Colin Keogh	Independent Non-Executive Director	126
Steve Langan	PDMR - Chief Executive Officer, Hiscox USA	169
Paul Lawrence	PDMR - Chief Underwriting Officer, Hiscox London Market	55
Adam Masojada	PCA of B E Masojada - Hiscox Group CEO	22
Jane Masojada	PCA of B E Masojada - Hiscox Group CEO	20
Lara Masojada	PCA of B E Masojada - Hiscox Group CEO	16
Michaela Masojada	PCA of B E Masojada - Hiscox Group CEO	16

The Company has also been notified that Mr Richard Watson, Executive Director, has sold 10,000 Ordinary Shares of 6.5p each in the Company on 11 September 2019, at a price of £15.8515 per Share.

The above 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.  

Marc Wetherhill

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Thomas Huerlimann
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 62
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 62 985.80
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anne MacDonald
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 227
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 227 £3,609.30
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Colin Keogh
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 126
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 126 £2,003.40
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Langan
2	Reason for the notification
a)	Position/status	PDMR - Chief Executive Officer, Hiscox USA
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 169
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 169 £2,687.10
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Lawrence
2	Reason for the notification
a)	Position/status	PDMR - Chief Underwriting Officer, Hiscox London Market
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 55
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 55 £874.50
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adam Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 22
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 22 £349.80
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jane Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 20
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 20 £318.00
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lara Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 16
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 16 £254.40
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michaela Masojada
2	Reason for the notification
a)	Position/status	PCA of B E Masojada - Hiscox Group CEO
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	Acquisition of shares in accordance with the Scrip Dividend Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.90 16
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 16 £254.40
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Watson
2	Reason for the notification
a)	Position/status	PDMR - 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	Share sale
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.8515 10,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Volume Aggregated Price 10,000 £158,515.00
e)	Date of the transaction	2019-09-11
f)	Place of the transaction	LONDON STOCK EXCHANGE, XLON

 

END

 

 

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