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History of rights issues

Date Action
20 Jul 1993
 
Incorporation of Hiscox Dedicated Insurance Fund PLC
Authorised ORD shares of 50,000 at 100p
17 Nov 1993


 
50,000 ORD shares of 100p each, divided into two ORD shares of 50p each
Authorised share capital increased to £21,250,000 by creation of 42,400,000 ordinary shares
23 Nov 1993




 
Rights Issue 1 for 1 at 100p
80% payable on subscription, 20% payable Sept 1994
Holders also received one warrant for every 5 shares subscribed giving the holder the right to subscribe to one ordinary share in the Company at 100p during September 1995.
Total raised £11 million
22 Nov 1994






 
Subdivision of 1 ORD 50p into 2 ORD 25p, resulting 3 ORD consolidated into 1 ORD 75p
Authorised share capital increased to £32,500,000 by creation of 15,000,000 ordinary shares

Rights Issue 1 for 1 at 110p
50% payable on subscription, 50% payable in October 1995
Total raised £24 million
29 Jun 1995

 
Authorised share capital increased to £46,500,000 by the creation of 18,666,667 ordinary shares of 75p each
Acquisition of 25% interest in Hiscox Holdings Limited
3 Jul 1995
 
Hiscox Plc (formerly Hiscox Dedicated Insurance Fund PLC) Introduction to AIM
21 May 1996
(Announce)


 
Rights issues 1 for 1 at 115p
Payable in full by 21-6-1996 
Ex date 30-05-1996
Pay date 01-07-1996
Total raised: £86 million
02 Jul 1996






 
Subdivision of 1 ORD 75p into 1 ORD 5p
Holders also received 1 unlisted Defd. 70p
Notes: (a)  The rights attaching to the Defd.shs. render them effectively valueless and it is intended they be cancelled.
(b)  Existing certs. remain valid.
Acquisition of remaining 75% of Hiscox Holdings Limited
Acquisition of Hiscox Insurance Holdings Limited formerly Economic Insurance Holdings Limited
23 Jan 1998 Acquisition of Hiscox Select Insurance Fund PLC
14 Nov 2001
(Announce)


 
Rights Issue 3 for 10 at 126p
Payable in full by 13-12-2001 
Ex date 22-11-2001
Pay date 18-12-2001
Total raised: £54 million
10 Sep 2002
(Announce)


 
Rights Issue 1 for 2 at 120p 
Payable in full by 21-10-2002 
Ex 27-09-2002
Pay date 27-09-2002
Total raised: £110 million
11 Aug 2005
(Announce)


 
Rights Issue 327 for 1000 at 183p 
Payable in full by 29-11-2005 
Ex 09-11-2005
Pay date 30-11-2005
Total raised: £170 million
12 Dec 2006
 
In a Scheme, holders received, in exchange for their holdings in Hiscox Ltd, 1 ORD 5p for 1 ORD 5p.

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