Director/PDMR Shareholding

Polar Capital Holdings

18/07/2025 14:43

RNS Number : 7236R

Polar Capital Holdings PLC

18 July 2025

 

18 July 2025

 

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

 

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

 

Grant of 2025 Long Term Incentive Plan Awards (LTIP)

Polar Capital announces the grant of conditional share awards over ordinary shares of 2.5 pence each in Polar Capital Holdings PLC ("Awards") on 16 July 2025 to the following Directors and PDMRs of the Company in accordance with the rules of the 2016 Executive Incentive Plan.

 

PDMR
Position
No. of shares under Award
Type of Award
Iain Evans
Global Head of Distribution
122,211
Executive
Samir Ayub
Chief Financial Officer
111,158
Executive
Alexander Black
Chief Investment Officer
122,211
Executive
Nicholas Farren
Chief Operating Officer
106,737
Executive
Mike Catlin
Chief Technology Officer
33,684
Senior Manager
Rachel Stynes
Head of Human Resources
29,474
Senior Manager
Tracey Lago
Group Company Secretary
29,474
Senior Manager
Boura Kym Tomlinson Cann
Chief Legal and Compliance Officer
42,105
Other

 

The terms of the LTIP awards detailed above provide for vesting on the first dealing day post the third anniversary of grant, subject to continued employment and various performance conditions as detailed below:

Executive Award

Subject to a two-year holding period post vesting

°     35% of each Award is subject to a performance condition requiring the Company's adjusted diluted total earnings per share to achieve a pre-set level for the financial year 2028 which is the end of three financial years commencing on 1 April 2025 (the 'Performance Period'). 

°     35% of each Award is subject to a performance condition relating to the performance of the Company's total shareholder return relative to the constituents of the FTSE 250 Index (excluding investment trusts) during the performance period.

°     10% of each Award is subject to a performance condition measured by reference to the cumulative net inflows to Polar Group funds from two key geographic locations during the performance period.

°     20% of each Award is subject to a performance condition measured by reference to strategic progress towards enhancing the investment proposition for the Company's investors during the performance period.

Senior Manager Award

75% shall be a performance share award (PSA) subject to a two-year holding period post vesting and performance conditions as detailed below:

°     45% of each PSA is subject to a performance condition requiring the Company's adjusted diluted total earnings per share to achieve a pre-set level for the financial year 2028 which is the end of three financial years commencing on 1 April 2025 (the 'Performance Period'). 

°     45% of each PSA is subject to a performance condition relating to the performance of the Company's total shareholder return relative to the constituents of the FTSE 250 Index (excluding investment trusts) during the performance period.

°     10% of each PSA is subject to a performance condition measured by reference to the cumulative net inflows to Polar Group funds from two key geographic locations during the performance period.

25% shall be a restricted share award (RSA) with no holding period or performance conditions.

 

Other Award

Designated as a restricted share award (RSA) with no holding period or performance conditions.

 

PDMR Transaction detail

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain Evans
2
Reason for Notification
a)
Position/status
Global Head of Distribution
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. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
122,211
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Samir Ayub
2
Reason for Notification
a)
Position/status
Chief Financial Officer
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. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
111,158
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
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
Chief Investment Officer
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. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
122,211
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Farren
2
Reason for Notification
a)
Position/status
Chief Operating Officer
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. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
106,737
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mike Catlin
2
Reason for Notification
a)
Position/status
Chief Technology Officer
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. Awards may vest after 3 years; 75% of the award is subject to performance and continued service and any vested shares will be subject to a holding period ending on the fifth anniversary of grant, the remaining 25% is a restricted share award not subject to performance conditions or holding period but is subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
33,684
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rachel Stynes
2
Reason for Notification
a)
Position/status
Head of Human Resources
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. Awards may vest after 3 years; 75% of the award is subject to performance and continued service and any vested shares will be subject to a holding period ending on the fifth anniversary of grant, the remaining 25% is a restricted share award not subject to performance conditions or holding period but is subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
29,474
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tracey Lago
2
Reason for Notification
a)
Position/status
Group Company Secretary
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. Awards may vest after 3 years; 75% of the award is subject to performance and continued service and any vested shares will be subject to a holding period ending on the fifth anniversary of grant, the remaining 25% is a restricted share award not subject to performance conditions or holding period but is subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
29,474
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Boura Kym Tomlinson Cann
2
Reason for Notification
a)
Position/status
Chief Legal and Compliance Officer
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 an Other Restricted Share award. Awards may vest after 3 years, is not subject to performance conditions or a holding period but is subject to continued service.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
42,105
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue

 

Enquiries:

Polar Capital
Gavin Rochussen (Chief Executive Officer)
Samir Ayub (Chief Financial Officer)
+44 (0)20 7227 2700
Deutsche Numis - Nomad and Joint Broker
Giles Rolls
Charles Farquhar
+44 (0)20 7260 1000
Peel Hunt LLP - Joint Broker
Andrew Buchanan
Oliver Jackson
+44 (0)20 3597 8680
Camarco - PR
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh
+44 (0)20 3757 4980

 

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