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RNS Number : 3520M
Hiscox Ltd
13 September 2019
 

 

Hiscox Ltd

 

(the 'Company')

 

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

 

 

Hamilton, Bermuda - On 29 July 2019, the Company announced that that it would be offering a scrip dividend alternative to shareholders in connection with the interim dividend of 13.75 cents per share payable on 11 September 2019. On 27 August 2019, the Company announced the reference price for the scrip dividend alternative of £15.90.

 

The Company has been notified that the undernoted Directors, PDMRs or persons closely associated with them ('PCAs'), acquired the numbers of 6.5p ordinary shares stated below:

 

Name

Position

Number of shares

Thomas Huerlimann

Independent Non-Executive Director

62

Anne MacDonald

Independent Non-Executive Director

227

Colin Keogh

Independent Non-Executive Director

126

Steve Langan

PDMR - Chief Executive Officer, Hiscox USA

169

Paul Lawrence

PDMR - Chief Underwriting Officer, Hiscox London Market

55

Adam Masojada

PCA of B E Masojada - Hiscox Group CEO

22

Jane Masojada

PCA of B E Masojada - Hiscox Group CEO

20

Lara Masojada

PCA of B E Masojada - Hiscox Group CEO

16

Michaela Masojada

PCA of B E Masojada - Hiscox Group CEO

16

 

The Company has also been notified that Mr Richard Watson, Executive Director, has sold 10,000 Ordinary Shares of 6.5p each in the Company on 11 September 2019, at a price of £15.8515 per Share.

 

The above transactions were executed in GBP.

 

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

 

 

Thomas Huerlimann

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Independent Non-Executive Director

 

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

62

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

62

985.80

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Anne MacDonald

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Independent Non-Executive Director

 

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

227

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

227

 

£3,609.30

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Colin Keogh

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Independent Non-Executive Director

 

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

126

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

126

 

£2,003.40

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steve Langan

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR - Chief Executive Officer, Hiscox USA

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

169

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

169

 

£2,687.10

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Paul Lawrence

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR - Chief Underwriting Officer, Hiscox London Market

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

55

 

 

 

 

 

 



d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

55

 

£874.50

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Adam Masojada

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of B E Masojada - Hiscox Group CEO

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

22

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

22

 

£349.80

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jane Masojada

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of B E Masojada - Hiscox Group CEO

 

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

20

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

20

 

£318.00

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Lara Masojada

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of B E Masojada - Hiscox Group CEO

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

16

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

16

 

£254.40

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Michaela Masojada

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of B E Masojada - Hiscox Group CEO

 

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

 

 

Acquisition of shares in accordance with the Scrip Dividend Scheme

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.90

16

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

16

 

£254.40

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Watson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR - Chief 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

 

 

Share sale

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£15.8515

10,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

10,000

 

£158,515.00

 

 

 

e)

 

Date of the transaction

 

 

2019-09-11

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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Hiscox

Price: 1355

Market: AIM
Market Cap: £3.91 billion
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