Director/PDMR Shareholding

RNS Number : 3263O

Polar Capital Holdings PLC

28 January 2019

 

28 January 2019

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

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

The Company was notified on 28 January 2019 that Mr John Mansell, Executive Director, exercised 500,000 share options under the Company's 2007 Equity Inventive Plan (the "Plan"). This was an exercise of share options granted to Mr Mansell in January 2010, which would have lapsed on 22 January 2020.

The Company has issued 398,783 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, all of which were then sold at the market price of 452p per Ordinary Share.

Following this transaction Mr Mansell continues to hold an interest in the Company's shares and share options as follows:

Ordinary Shares

Ordinary Shares	Interest in Ordinary Shares held under the Company's deferment of remuneration arrangements	Total Interest in Ordinary Shares	% of the Company's issued share capital
1,872,000	29,544	1,901,544	2.01%

Share Options

Grant date	Shares under option	Option price	Earliest exercise date	Last exercise date	Market value of shares at grant date
26/07/2011	350,000	197.50p	26/07/2015	26/07/2021	197.50p
04/07/2013	350,000	388.00p	04/07/2017	04/07/2023	388.00p

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Mansell
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	Exercise of Share Options under the 2007 Equity Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			91.50 pence	500,000
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	500,000
	- Price	91.50 pence
e)	Date of the transaction	28-01-2019
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)
			452.00 pence	398,783
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	398,783
	- Price	452.00 pence
e)	Date of the transaction	28-01-2019
f)	Place of the transaction	London Stock Exchange, AIM, XLON

Enquiries:

Polar Capital

Gavin Rochussen / John Mansell / Neil Taylor

[phone]

 

END

 

 

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