Director/PDMR Shareholding

RNS Number : 0779V

Polar Capital Holdings PLC

18 July 2018

 

18 July 2018

Polar Capital Holdings plc ("Polar Capital" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)

Mr Rochussen, on his appointment as chief executive on 17 July 2017, joined the Company's Executive Incentive Plan and was awarded a deferred, forfeitable interest in 802,967 ordinary shares of the Company (the "Award").

The terms of the Award provide for the release of one-third of the shares on the first, second and third anniversary of its granting.

On the 18th July, being the first anniversary of the grant of the Award, 267,656 ordinary shares in the Company were transferred from the Polar Capital Employee Benefit Trust to Mr Rochussen at nil cost. Of these, 145,000 ordinary shares of the Company were sold in order to raise funds to meet the tax liability linked to this first release of ordinary shares under the Award, with the balance of 122,656 ordinary shares being transferred to Mr Rochussen. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Rochussen
2	Reason for the notification
a)	Position/status	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	Polar Capital Holdings plc
b)	LEI	549300OXX7YE1947B825
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	Ordinary Shares of 2.5p each
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Acquisition of an interest in the shares of the Company on vesting of one third of initial share award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	267,656
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	267,656
	- Price	Nil
e)	Date of the transaction	18-07-2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Rochussen
2	Reason for the notification
a)	Position/status	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	Polar Capital Holdings plc
b)	LEI	549300OXX7YE1947B825
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	Ordinary Shares of 2.5p each
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Sale of  shares of the Company on vesting of one third of initial share award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			681.00 pence	145,000
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	145,000
	- Price	681.00 pence
e)	Date of the transaction	18-07-2018
f)	Place of the transaction	London Stock Exchange, AIM, XLON

Enquiries:

Polar Capital

John Mansell / Neil Taylor

[phone]

Canaccord Genuity (Nomad and Joint Broker)

Simon Bridges (QE) / Andrew Buchanan / Margarita Mitropoulou

[phone]

 

END

 

 

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