RNS Number : 9049R
Polar Capital Holdings PLC
21 July 2025
21 July 2025
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Vesting of 2022 Executive Long Term Incentive Plan ("LTIP")
16 July 2025 was the third anniversary of grant, and the vesting date of the 2022 Executive LTIP awards granted to Gavin Rochussen, Samir Ayub, Iain Evans, Alexander Black and Nicholas Farren. Details of the original grant on 16 July 2022 are contained in RNS No. 3288T.
The terms of the LTIP award provided for vesting in full on the third anniversary of grant, with the award being subject to a two-year holding period.
The LTIP awards vested at 28.5%, with full details available in the 2025 Annual Report.
The following table provides details of the vesting and release date of the awards:
PDMR
Vested Shares - 16 July 2025
Shares sold to cover tax
Net Shares to be released after the holding period on 16 July 2027
Gavin Rochussen
Chief Executive Officer
55,595
30,716
24,879
Samir Ayub
Chief Finance Officer
28,874
15,953
12,921
Iain Evans
Global Head of Distribution
31,762
17,549
14,213
Alexander Black
Chief Investment Officer
31,762
17,549
14,213
Nicholas Farren
Chief Operations Officer
25,987
14,358
11,629
Vesting of 2022 Other Long Term Incentive Plan ("Other LTIP")
16 July 2025 was the third anniversary of grant, and the vesting date of the 2022 Other LTIP award granted to Boura Kym Tomlinson Cann.
The terms of the Other LTIP award provided for vesting in full on the third anniversary of grant.
The following table provides details of the vesting and release of the award:
PDMR
Vested Shares - 16 July 2025
Shares sold to cover tax
Net Shares to be released
Boura Kym Tomlinson Cann
Chief Legal and Compliance Officer
45,783
25,295
20,488
First Vesting of the 2024 Senior Manager Replacement Award
16 July 2025 was the first anniversary of grant, and the first vesting date of the 2024 Senior Manager Replacement award granted to Michael Catlin, Rachel Stynes and Tracey Lago.
The terms of the Replacement award provide for vesting in equal tranches on the first and second anniversaries of grant, subject to continued employment.
The following table provides details of the vesting and release of the awards:
PDMR
First Vesting - 16 July 2025
Shares sold to cover tax
Net Shares to be released
Michael Catlin
Chief Technology Officer
5,000
2,763
2,237
Rachel Stynes
Head of Human Resources
2,500
1,381
1,119
Tracey Lago
Group Company Secretary
2,000
1,105
895
Individual PDMR Transaction Details:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gavin Rochussen
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
55,595
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
16/07/2025
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gavin Rochussen
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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
Sale of shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
30,716
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Samir Ayub
2
Reason for the notification
a)
Position/status
Chief Financial Officer
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Executive LTIP award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
28,874
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Chief Financial Officer
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
Sale of shares of the Company on vesting of the 2022 Executive LTIP award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
15,953
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain Evans
2
Reason for the notification
a)
Position/status
Global Head of Distribution
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
31,762
e)
Date of the transaction
16/07/2025
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain Evans
2
Reason for the notification
a)
Position/status
Global Head of Distribution
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
Sale of shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
17,549
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alexander Black
2
Reason for the notification
a)
Position/status
Chief Investment Officer
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
31,762
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Chief Investment Officer
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
Sale of shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
17,549
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Farren
2
Reason for the notification
a)
Position/status
Chief Operating Officer
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Executive LTIP award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
25,987
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Chief Operating Officer
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
Sale of shares of the Company on vesting of the 2022 Executive LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
14,358
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Boura Kym Tomlinson Cann
2
Reason for the notification
a)
Position/status
Chief Legal and Compliance Officer
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
Acquisition of an interest in the shares of the Company on vesting of the 2022 Other LTIP award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
45,783
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Chief Legal and Compliance Officer
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
Sale of shares of the Company on vesting of the 2022 Other LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
25,295
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Catlin
2
Reason for the notification
a)
Position/status
Chief Technology Officer
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
Acquisition of an interest in the shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
5,000
e)
Date of the transaction
16/07/2025
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Catlin
2
Reason for the notification
a)
Position/status
Chief Technology Officer
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
Sale of shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
2,763
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rachel Stynes
2
Reason for the notification
a)
Position/status
Head of Human Resources
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
Acquisition of an interest in the shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,500
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Head of Human Resources
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
Sale of shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
473.3086p
1,381
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2025
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tracey Lago
2
Reason for the notification
a)
Position/status
Group Company Secretary
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
Acquisition of an interest in the shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,000
e)
Date of the transaction
16/07/2025
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 the notification
a)
Position/status
Group Company Secretary
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
Sale of shares of the Company on vesting of fifty percent of the 2024 Senior Manager Replacement Award
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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