Director/PDMR Shareholding

RNS Number : 1396T

Polar Capital Holdings PLC

20 July 2022

 

20 July 2022

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

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Second Vesting of 2018 Long Term Incentive Plan

On 16 July 2021, being the third anniversary of grant, the awards granted to Gavin Rochussen, John Mansell and Iain Evans under the Long Term Incentive Plan ("LTIP") as part of the Company's Equity Incentive Plan vested. Details of the original grant on 16 July 2018 are contained in RNS No. 7916U and details of the initial vesting are contained in RNS No. 6602F.

The terms of the LTIP award provided for vesting in equal tranches on the third, fourth and fifth anniversaries of grant, subject to continued employment and the achievement of an EPS performance condition by reference to the adjusted diluted total EPS for the year ended 31 March 2021. The EPS performance condition was met in full at the time of vesting.

The fourth anniversary of the LTIP award was 16 July 2022, and the shares were released to the participants on 18 July 2022. These awards have been satisfied by the release of shares from the Employee Benefit Trust to the participants. Furthermore, at each vesting date there is a sale of sufficient shares to cover tax liabilities.

Details of the second vesting of the 2018 LTIP award and sale of shares for each PDMR is provided below:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Rochussen
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	77,972
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	18-07-2022
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	Chief Executive Officer
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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			464.50p	44,076
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	18-07-2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Mansell
2	Reason for the notification
a)	Position/status	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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	43,859
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	18-07-2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Mansell
2	Reason for the notification
a)	Position/status	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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			464.50p	24,792
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	18-07-2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Iain Evans
2	Reason for the notification
a)	Position/status	Global Head of Distribution
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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	29,239
e)	Date of the transaction	18-07-2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Iain Evans
2	Reason for the notification
a)	Position/status	Global Head of Distribution
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 the 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			464.50p	16,528
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	18-07-2022
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Polar Capital                                                                              [phone]

Gavin Rochussen (Chief Executive)

Samir Ayub (Finance Director)

Numis Securities Limited - Nomad and Joint Broker        [phone]

Giles Rolls (QE)

Charles Farquhar

Stephen Westgate

Peel Hunt LLP - Joint Broker                                                   [phone]

Andrew Buchanan

Camarco                                                                                     [phone]

Ed Gascoigne-Pees

Jennifer Renwick

Phoebe Pugh    

 

END

 

 

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