Hiscox Ltd has announced the vesting of the third tranche of the buy-out award made to Paul Cooper, the Chief Financial Officer, under the Company's Performance Share Plan. This comprises 42,945 ordinary shares of 6.5p each, with an additional 1,484 shares received in respect of dividends paid by the Company. Mr. Cooper sold 20,955 shares at a price of £12.43 per share to cover associated tax liabilities.
The notifications were made in accordance with the UK version of the EU Market Abuse Regulation. The transactions were conducted outside a trading venue. The aggregated price for the sale of shares to cover tax amounted to GBP 260,470.65.
This information was released by Marc Wetherhill, the Company Secretary of Hiscox Ltd. The contact number provided for Hiscox Ltd is +1 441 278 8300.