TIDMPOLR
RNS Number : 9448F
Polar Capital Holdings PLC
13 July 2023
13 July 2023
Polar Capital Holdings plc ("Polar Capital" or the
"Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Second Vesting of 2019 Long Term Incentive Plan
11 July 2022 was the third anniversary of grant and the awards
granted to Gavin Rochussen, Alexander Black, and Iain Evans under
the Long Term Incentive Plan ("LTIP") vested. Details of the
original grant on 11 July 2019 are contained in RNS No. 6003F and
details of the initial vesting are contained in RNS No. 3329S.
The terms of the LTIP award provided for vesting in equal
tranches on the third, fourth and fifth anniversaries of grant,
subject to continued employment and performance conditions.
Second Vesting of 2019 Conditional Award
11 July 2022 was the third anniversary of grant and the
Conditional Awards granted to Samir Ayub and Nicholas Farren under
the Company's Executive Incentive Plan vested. Details of the
original grant on 11 July 2019 are contained in RNS No. 6708F and
details of the initial vesting are contained in RNS No. 3329S.
The terms of the LTIP award provided for vesting in equal
tranches on the third, fourth and fifth anniversaries of grant,
subject to continued employment.
11 July 2023 was the fourth anniversary of both the LTIP and the
Conditional Awards, and a further tranche of shares were released
to the participants. These releases have been satisfied from shares
held in the Employee Benefit Trust; at each vesting date there is a
sale of sufficient shares to cover tax liabilities.
Details of the second vesting of the 2019 LTIP and Conditional
awards and the sale of shares for each PDMR are provided below:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gavin Rochussen
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- -----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 115,610
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2023
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gavin Rochussen
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- ----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
455.5623p 63,111
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2023
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Samir Ayub
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- -----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 conditional award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 3,333
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2023
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Samir Ayub
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- ----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of shares of the Company on vesting
of one third of the 2019 conditional
award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
455.5623p 1,819
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2023
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alexander Black
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Investment Officer
------------------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- -----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 14,530
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alexander Black
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Investment Officer
------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- ----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
455.5623p 7,932
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2023
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Iain Evans
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- -----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 58,119
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2023
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Iain Evans
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- ----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
455.5623p 31,727
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2023
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicholas Farren
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- -----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 conditional award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 3,333
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2023
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicholas Farren
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
------------------------------------- ----------------------------------------------
b) LEI 549300OXX7YE1947B825
------------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
455.5623p 1,819
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2023
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Enquiries:
Polar Capital +44 (0)20 7227 2700
Gavin Rochussen (Chief Executive)
Samir Ayub (Finance Director)
Numis Securities Limited - Nomad and Joint Broker +44 (0)20 7260 1000
Giles Rolls (QE)
Charles Farquhar
Stephen Westgate
Peel Hunt LLP - Joint Broker +44 (0)20 3597 8680
Andrew Buchanan
Camarco +44 (0)20 7757 4995
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh
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END
DSHKXLBFXDLZBBF
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July 13, 2023 05:48 ET (09:48 GMT)
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