Hiscox Ltd Director/PDMR Shareholding (8283V)
April 11 2019 - 2:01AM
UK Regulatory
TIDMHSX
RNS Number : 8283V
Hiscox Ltd
11 April 2019
Hiscox Ltd
(the 'Company')
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMR')
Hamilton, Bermuda - Awards previously made to Directors and
other PDMRs under the Company's Performance Share Plan (the 'Plan')
vested on 8 April 2019.
The Plan specifies certain performance criteria and the
participants received 47.43 per cent of their original awards.
Under the terms of the Plan further awards over the 6.5p ordinary
shares ('Shares') were made which were equivalent to the rolled up
dividends between the date of grant and the vesting of the awards
('Rolled Up Dividends').
Nil cost options, including Rolled Up Dividends, were received
by the following Executive Directors and PDMRs and are exercisable
until 8 April 2026.
Executive Directors Awards
BE Masojada 59,301
-------
HA Hussain 36,873
-------
RC Watson 40,918
-------
PDMRs Awards
AV Brown 19,767
-------
M Krefta 19,767
-------
S Langan 32,121
-------
PA Lawrence 32,121
-------
K Markham 9,883
-------
A Conditional Share Award, including Rolled up Dividends but net
of US Tax liabilities, was received by the following PDMR:
PDMRs Awards
B Walter 16,648
-------
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 1. Bronislaw Masojada
2. Hamayou Akbar Hussain
3. Richard Watson
4. Amanda Brown
5. Michael Krefta
6. Steve Langan
7. Paul Lawrence
8. Katrina Markham
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 1. Executive Director/ CEO
2. Executive Director/ CFO
3. Executive Director/CUO
4. PDMR
5. PDMR
6. PDMR
7. PDMR
8. PDMR
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
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, Nil cost options in respect of Ordinary
type of instrument Shares of 6.5p each
ISIN: BMG4593F1389
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Vest of nil cost options under the
Company's Performance Share Plan
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 59,301
2. Nil 2. 36,873
3. Nil 3. 40,918
4. Nil 4. 19,767
5. Nil 5. 19,767
6. Nil 6. 32,121
7. Nil 7. 32,121
8. Nil 8. 9,883
----------------
-------------------------- ------------------------------------------
d) Aggregated information Aggregated Volume Aggregated Price
1. 59,301 1. Nil
2. 36,873 2. Nil
- Aggregated volume 3. 40,918 3. Nil
4. 19,767 4. Nil
5. 19,767 5. Nil
- Price 6. 32,121 6. Nil
7. 32,121 7. Nil
8. 9,883 8. Nil
-------------------
-------------------------- ------------------------------------------
e) Date of the transaction 8 April 2019
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Benjamin Walter
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR
-------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------
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 Ordinary Shares of 6.5p each
financial instrument,
type of instrument
ISIN: BMG4593F1389
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction Vest of Conditional Share Awards
under the Company's Performance Share
Plan
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 16,648
---------------
-------------------------- -----------------------------------------
d) Aggregated information Aggregated Volume Aggregated Price
1. 16,648 1. Nil
------------------
- Aggregated volume
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 8 April 2019
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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END
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