Polar Capital Holdings PLC Director/PDMR Shareholding (5645G)
July 19 2023 - 10:34AM
UK Regulatory
TIDMPOLR
RNS Number : 5645G
Polar Capital Holdings PLC
19 July 2023
19 July 2023
Polar Capital Holdings plc ("Polar Capital" or the
"Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Third Vesting of 2018 Long Term Incentive Plan
16 July 2021 was the third anniversary of grant, and the awards
granted to Gavin Rochussen and Iain Evans under the Long Term
Incentive Plan ("LTIP") vested. Details of the original grant on 16
July 2018 are contained in RNS No. 7916U and details of the initial
vesting are contained in RNS No. 6602F.
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.
16 July 2023 was the fifth anniversary of both the LTIP 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.
As the fifth anniversary of grant has now been reached, the net
number of shares retained from the first and second vestings under
the Holding Period, along with the net shares from the third
vesting on 16 July 2023, have been released to the PDMRs.
Details of the third vesting of the 2018 LTIP 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 2018 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 77,974
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2023
------------------------------------- -----------------------------------------------
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 2018 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
465.8877p 42,566
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 19-07-2023
------------------------------------- ----------------------------------------------
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 2018 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 29,241
----------------------------------------------------------------- --------------------
e) Date of the transaction 16-07-2023
------------------------------------- -----------------------------------------------
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 2018 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
465.8877p 15,963
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 19-07-2023
------------------------------------- ----------------------------------------------
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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