08:03 Wed 20 May 2020
Hiscox Ltd - Director / PDMR Shareholding
(the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')
The annual report on remuneration, which was approved by shareholders and is located on pages 63 to 93 of the Company's Annual Report and Accounts for the year ended
The Awards granted to the Executive Directors and
The Awards that are subject to performance conditions measured over the three financial years will not vest if the growth in NAV plus dividends per share is less than the risk free rate (RFR) plus 6% per annum. 20% of the award will vest if the growth in NAV plus dividends per share is equal to the RFR plus 6% per annum, rising on a straight-line basis to 100% vesting if the growth in NAV plus dividends per share is equal to or exceeds the RFR plus 14% per annum. Subject to the satisfaction of the performance conditions, Awards will vest on the third anniversary of their grant. The Awards granted to the Executive Directors and
In addition, on
Details of the number of Shares over which Awards were granted are set out in the table below.
Executive Directors &
| Awards
|
BE Masojada | 156,000
|
HA Hussain | 120,500
|
J Musselle | 120,500
|
B Walter | 113,000
|
PDMRs | Awards
| Special Awards |
AV Brown | 54,000
| 22,750 |
M Krefta
| 77,500
| 18,500 |
S Langan | 77,500
| 18,500 |
PA Lawrence | 77,500
| 18,500 |
K Markham
| 77,500
| 18,500 |
The Awards were granted from
This notification is made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014).
Company Secretary
+ 1 441 278 8300
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