Director/PDMR Shareholding

RNS Number : 6003F

Polar Capital Holdings PLC

15 July 2019

 

15 July 2019

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

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs) in accordance with the Market Abuse Regulations.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Rochussen
2	Reason for Notification
a)	Position/status	Executive Director
b)	Initial notification/Amendment	Initial Announcement
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 2.5 pence each in Polar Capital Holdings PLC
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Subject to performance over 3 years and continued service, the award normally vests after 3 years. Upon vesting, one third of the shares may be released to the individual with the two remaining thirds being subject to a retention requirement until respectively the fourth and fifth anniversaries of the award date. The Net Vested Shares (as defined in the Scheme Rules) are subject to a holding period and may not be sold until the fifth anniversary of the award date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 408,034
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	11 July 2019
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 Notification
a)	Position/status	Executive Director
b)	Initial notification/Amendment	Initial Announcement
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 2.5 pence each in Polar Capital Holdings PLC
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Subject to performance over 3 years and continued service, the award normally vests after 3 years. Upon vesting, one third of the shares may be released to the individual with the two remaining thirds being subject to a retention requirement until respectively the fourth and fifth anniversaries of the award date. The Net Vested Shares (as defined in the Scheme Rules) are subject to a holding period and may not be sold until the fifth anniversary of the award date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 205,128
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	11 July 2019
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 Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial Announcement
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 2.5 pence each in Polar Capital Holdings PLC
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Subject to performance over 3 years and continued service, the award normally vests after 3 years. Upon vesting, one third of the shares may be released to the individual with the two remaining thirds being subject to a retention requirement until respectively the fourth and fifth anniversaries of the award date. The Net Vested Shares (as defined in the Scheme Rules) are subject to a holding period and may not be sold until the fifth anniversary of the award date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 205,128
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	11 July 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alexander Black
2	Reason for Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial Announcement
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 2.5 pence each in Polar Capital Holdings PLC
	Identification code	GB00B1GCLT25
b)	Nature of the transaction	Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Subject to performance over 3 years and continued service, the award normally vests after 3 years. Upon vesting, one third of the shares may be released to the individual with the two remaining thirds being subject to a retention requirement until respectively the fourth and fifth anniversaries of the award date. The Net Vested Shares (as defined in the Scheme Rules) are subject to a holding period and may not be sold until the fifth anniversary of the award date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 51,282
d)	Aggregated information -     Aggregated volume -     Price	Not applicable - single transaction
e)	Date of the transaction	11 July 2019
f)	Place of the transaction	Outside a trading venue

Enquiries:

Polar Capital Holdings	Numis Securities Limited - Nomad and Joint Broker
Gavin Rochussen (CEO)	Charles Farquhar
John Mansell (Executive Director)	Stephen Westgate
Neil Taylor (Company Secretary)	Kevin Cruickshank (QE)
Tel:  [phone]	[phone]
	Peel Hunt LLP - Joint Broker
	Guy Wiehahn
	Andrew Buchanan
	Tel: [phone]

 

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