Director/PDMR Shareholding

Hiscox Ltd
03 April 2024
 

 

Hiscox Ltd

 

(the 'Company')

 

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

 

 

Hamilton, Bermuda - Further to the Company's announcement on 17 May 2022, the third tranche of the buy-out award made to Paul Cooper, the Company's Chief Financial Officer, under the Company's Performance Share Plan (the "Plan") comprising 42,945 ordinary shares of 6.5p each ("Shares"), vested on 1 April 2024 (the "Award").   

 

In accordance with the terms of the Plan, Mr Cooper also received an additional 1,484 Shares equivalent to the value of dividends paid by the Company between the date of grant and the date of vesting in respect of Shares under the Award which vested.

 

On 2 April 2024, Mr Cooper sold 20,955 Shares at a price of £12.43 per Share to cover associated tax liabilities.

 

The notifications set out below are made in accordance with the UK version of the EU Market Abuse Regulation (2014/596/EU) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

  

Marc Wetherhill

 

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Paul Cooper

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR - Chief Financial 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

 

 

Receipt of shares in satisfaction of the buy-out award granted under the Company's Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

nil

44,429

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price


44,429

nil


 

 

e)

Date of the transaction

2024-04-01

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

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

 

 

Sale of shares to cover tax

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

GBP12.43

20,955

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

Total Price

20,955

GBP12.43

GBP260,470.65

 

 

e)

Date of the transaction

2024-04-02

f)

 

Place of the transaction

 

 

LONDON STOCK EXCHANGE, XLON

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings