7th Sep 2009 11:40
Hiscox received notification on 3 September 2009 from Mr Bronislaw Masojada, a director of the Company, that Matterhorn Assets, a company wholly owned by Matterhorn Trust, a trust of which Mr Masojada is a beneficiary, renewed its banking facilities. As part of these arrangements Matterhorn Trust agreed to security arrangements over 2,171,580 ordinary shares in the Company. The arrangements are on normal banking terms and were entered into on 26 August 2009. They include new terms including, inter alia, margin requirements and dealing arrangements which allow the bank to deal without further permission from the Company using the Trading Plan exemptions within the Listing Rules issued by the UK Listing Authority. Mr Masojada has separate security arrangements over 755,452 beneficially owned ordinary shares in the Company. These arrangements were renewed on 27 August 2009. As at 1 September 2009 Mr Masojada remains interested in 3,228,665 shares in the Company.
Ends
For further information:
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Hiscox Ltd |
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Charles Dupplin, Company Secretary, Bermuda |
+1 441 278 8300 |
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Kylie O'Connor, Head of Communications, London |
+44 (0) 207 448 6494 |
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Maitland |
+44 (0) 207 379 5151
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Richard Farnsworth |
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