Hiscox Ltd Director/PDMR Shareholding
27 June 2024 - 4:00PM
RNS Regulatory News
RNS Number : 0519U
Hiscox Ltd
27 June 2024
Hiscox
Ltd
(the
'Company')
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMR')
Hamilton, Bermuda - On
25 June 2024 options were granted, pursuant to the
Hiscox UK Sharesave Plan, an "all-employee" share plan, to Aki
Hussain, the Group Chief Executive Officer,
to acquire 2,500 Ordinary Shares of 6.5p each in the Company
('Shares') with an exercise price of £7.20 per Share.
On 26 June 2024 awards in the form
of nil-cost options over Shares were granted to the following
Executive Directors under the Company's Performance Share Plan
('PSP') to correct a miscalculation in the PSP awards which were
granted on 8 April 2024 ('Supplemental Awards'). The
Supplemental Awards are subject to same vesting period and
performance conditions as the original awards, with performance
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 additional number of
Shares over which PSP awards have been granted to each PDMR are set
out in the table below.
|
H A
Hussain
|
7,106
|
|
Paul
Cooper
|
2,330
|
|
J R
Musselle
|
2,330
|
Subject to the satisfaction of the
performance conditions, awards will vest on 8 April 2027 and the
Shares acquired will be subject to a two-year holding
period.
The options and 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 - 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 6.5 pence
each
ISIN: BMG4593F1389
|
|
b)
|
Nature of the transaction
|
Grant of option under the Hiscox UK
Sharesave Plan with an exercise price of
£7.20 per share
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
2,500
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregated Volume
|
Aggregated Price
|
|
2,500
|
nil
|
|
|
e)
|
Date of the transaction
|
2024-06-25
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
7,106
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregated Volume
|
Aggregated Price
|
|
7,106
|
nil
|
|
|
e)
|
Date of the transaction
|
2024-06-26
|
|
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
|
2,330
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregated Volume
|
Aggregated Price
|
|
2,330
|
nil
|
|
|
e)
|
Date of the transaction
|
2024-06-26
|
|
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
|
2,330
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Aggregated Volume
|
Aggregated Price
|
|
2,330
|
nil
|
|
|
e)
|
Date of the transaction
|
2024-06-26
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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