26th Oct 2005 14:59
Hiscox PLC26 October 2005 On 5 October 2005, the Board of Hiscox plc (the "Company") exercised itsdiscretion to alter the terms of options over 562,481 ordinary shares of 5peach, being all those subsisting options granted in 1998 under the HiscoxUnapproved Share Option Scheme (the "Scheme"). The effect of this alteration isto extend the exercise period of those options by three years, as if they hadbeen granted with an expiry date of ten years from the date of grant.Accordingly, these options will now expire on 19 October 2008 and will continueto be exercisable at £1.62 each. This extension brings options granted under the Scheme in line with all otherHiscox plc executive share options schemes, and affects options held bydirectors and Persons Discharging Managerial Responsibility as set out below: Director No. of ordinary shares under optionR Childs 87,566R Hiscox 71,147B Masojada 71,147 Persons DischargingManagerial Responsibility No. of ordinary shares under optionR Watson 65,674C Dupplin 27,364 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hiscox