Director/PDMR Shareholding

RNS Number : 1523H

Polar Capital Holdings PLC

02 August 2021

 

2 August 2021

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 29 July 2021 that Mr Iain Evans, a person discharging managerial responsibilities, exercised a 100,000 share options at 426.75p per share under the Company's 2016 Executive Incentive Plan (the "Plan").

The option was issued in accordance with the rules of the Plan and use of the provisions relating to Equity Settled Share Appreciation Rights ('ESARS'). The use of the ESARS provisions allows 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 have needed to be sold to fund the purchase of that number of shares on the exercise date.

The Employee Benefit Trust (EBT) transferred 51,516 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, 28,123 shares were then sold at the market price of 880.20p per Ordinary Share, the balance of 23,393 shares has been retained by Mr Iain Evans.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Iain Evans
2	Reason for the notification
a)	Position/status	Head of Global Distribution and person discharging managerial responsibilities
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)
			426.75 pence	100,000
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	29-07-2021
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)
			880.2 pence	28,123
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	29-07-2021
f)	Place of the transaction	London Stock Exchange, AIM, XLON

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
	Andrew Buchanan
	Rishi Shah
	Tel: [phone]

 

END

 

 

DSHKBLFXFDLLBBD