Director/PDMR Shareholding

RNS Number : 3052C

Polar Capital Holdings PLC

18 January 2018

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

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

On 17 January 2018 Mr Tim Woolley, Non-Executive Director, exercised 227,365 share options under Polar Capital's 2007 Equity Inventive Plan (the "Plan"). Polar Capital has issued 163,720 Ordinary Shares in satisfaction of the options, all of which were then sold at a market price of 518p per Ordinary Share.

Mr Woolley no longer holds any share options under the Plan. He continues to hold shares as follows:

Ordinary Shares

5,000,000 Ordinary Shares representing approximately 5.36% of the Group's issued share capital.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Woolley
2	Reason for the notification
a)	Position/status	Non-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	Exercise of Share Options under the Equity Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			145.00 pence	227,365

d)	Aggregated information	Single transaction as in 4 c) above

	- Aggregated volume	227,365

	- Price	145.00 pence

e)	Date of the transaction	17-01-2018
f)	Place of the transaction	Off-Market
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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			518.00 pence	163,720

d)	Aggregated information	Single transaction as in 4 c) above

	- Aggregated volume	163,720

	- Price	518.00 pence

e)	Date of the transaction	17-01-2018
f)	Place of the transaction	London Stock Exchange, AIM, XLON

The Group was also notified on 17 January 2018 that Mr Brian Ashford-Russell, a Non-Executive Director of Polar Capital, sold 375,000 Ordinary Shares from his personal holding at 518.00p per share. Following this transaction Mr Ashford-Russell is interested in a total of 5,450,000 Ordinary Shares representing approximately 5.84% of the Group's issued share capital. This holding consists of the following:

Prior to Transaction After Transaction

No. of Shares % Voting Rights No. of Shares % Voting Rights

Brian Ashford-Russell 4,775,000 5.14% 4,400,000 4.71%

Fenella Ashford Russell 800,000 0.86% 800,000 0.86%

ADFAL Trust 250,000 0.27% 250,000 0.27%

Total 5,825,000 6.27% 5,450,000 5.84%

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian Ashford-Russell
2	Reason for the notification
a)	Position/status	Non-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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			518.00 pence	375,000

d)	Aggregated information	Single transaction as in 4 c) above

	- Aggregated volume	375,000

	- Price	518 pence

e)	Date of the transaction	17-01-2018
f)	Place of the transaction	London Stock Exchange, AIM, XLON