Directors' Dealings

RNS Number : 7387B

Polar Capital Holdings PLC

06 March 2014

 



6 March 2014

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

Directors' Dealings

The Company was notified yesterday that on 5 March 2014 that Mr John Mansell, Chief Financial Officer and a Director of the Company, exercised a share option ("Share Option") over 500,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an exercise price of 91.5p per share and via a cashless exercise sold all the resulting shares at a price of 475.0p per share.

The Company was also notified yesterday that on 5 March 2014 that Mr Tim Woolley, Chief Executive Officer and a Director of the Company, sold 500,000 Ordinary Shares at a price of 475.0p per share.

The Company was also notified yesterday that on 5 March 2014 that Mr Brian Ashford-Russell, a Non-executive Director of the Company, sold 400,000 Ordinary Shares at a price of 475.0p per share.

Following this transaction Mr Mansell, Mr Woolley and Mr Ashford-Russell have the following interests in Ordinary Shares of the Company:

Name of Director	Number of Share Options	Exercise price of Share Options	Date exercisable	Beneficial holding of Ordinary Shares	Non-beneficial holding of Ordinary Shares
John Mansell	500,000	91.5p	166,667 immediately; in full from 31 March 2014	-	-
John Mansell	350,000	197.5p	In full from 26 July 2015	-	-
John Mansell	350,000	388.0p	In full from 4 July 2017	-	-
John Mansell	-	-	-	1,712,000	160,000
Tim Woolley	1,000,000	145.0p	660,000 immediately; in full from 31 March 2014	-	-
Tim Woolley	600,000	191.7p	In full from 26 June 2015	-	-
Tim Woolley	500,000	388.0p	In full from 4 July 2017	-	-
Tim Woolley	-	-	-	6,000,000	-
Brian Ashford-Russell	-	-	-	6,350,000	250,000

There are no performance conditions relating to the Share Options held by Mr Mansell and Mr Woolley. The Share Options held by Mr Mansell and Mr Woolley are subject to the requirement that the holder must be employed by the Company on the relevant vesting date subject to certain good leaver situations.  The Share Options will lapse on the 10th anniversary following the date of grant and have been issued in accordance with the provisions relating to the Equity Settled Share Appreciation Rights under the rules of the Polar Capital Equity Incentive Plan.  The Share Options permit the Company to issue to the option holder only the number of shares that would equate to the number of shares over which the option becomes exercisable less the number of shares that would be needed to be sold to fund the purchase of that number of shares on the exercise date.

Enquiries:

Polar Capital

John Mansell / Neil Taylor

[phone]

Canaccord Genuity (Nomad)

Simon Bridges / Cameron Duncan

[phone]

 

END

 

 

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