Hiscox Ltd Director/PDMR Shareholding
April 11 2024 - 7:17AM
RNS Regulatory News
RNS Number : 3022K
Hiscox Ltd
11 April 2024
Hiscox Ltd
(the
'Company')
Notification of transactions
by Persons Discharging Managerial Responsibilities
('PDMR')
Hamilton, Bermuda - On 8 April
2024 awards in the form of nil-cost options were granted to the
following Executive Directors under the Company's Performance Share
Plan to acquire ordinary 6.5p shares ('Shares') in the capital of
the Company. The awards are subject to performance conditions
measured over the three financial years from 1 January 2024 to 31
December 2026 relating to growth in Net Asset Value (plus dividend
and shareholder returns) and relative Total Shareholder Return.
Further details in relation to the performance conditions will be
included in the Directors' Remuneration Report for the 2024
financial year.
Details of the number of Shares over
which awards were granted are set out in the table
below.
H A
Hussain
|
161,372
|
Paul
Cooper
|
90,368
|
J R
Musselle
|
90,368
|
Subject to the satisfaction of the
performance conditions, awards will vest on 8 April 2027 and shares
acquired will be subject to a holding period ending on the fifth
anniversary of grant.
The awards were granted in
Bermuda.
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
NOTIFICATION AND PUBLIC DISCLOSURE OF
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND
PERSONS CLOSELY ASSOCIATED WITH THEM
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
a)
|
Name
|
Hamayou Akbar (Aki)
Hussain
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
PDMR - Group Chief Executive
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
|
Grant of performance-based nil-cost
option over shares under the Company's Performance Share
Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
nil
|
161,372
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated Volume
|
Aggregated Price
|
161,372
|
nil
|
|
e)
|
Date of the transaction
|
2024-04-08
|
f)
|
Place of the transaction
|
Outside a trading venue
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
a)
|
Name
|
Paul Cooper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
PDMR - Group 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
|
Grant of performance-based nil-cost
option over shares under the Company's Performance Share
Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
nil
|
90,368
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated Volume
|
Aggregated Price
|
90,368
|
nil
|
|
e)
|
Date of the transaction
|
2024-04-08
|
f)
|
Place of the transaction
|
Outside a trading venue
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
a)
|
Name
|
Joanne Musselle
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
PDMR - Group 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
|
Grant of performance-based nil-cost
option over shares under the Company's Performance Share
Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
nil
|
90,368
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated Volume
|
Aggregated Price
|
90,368
|
nil
|
|
e)
|
Date of the transaction
|
2024-04-08
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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