Director/PDMR Shareholding
17 July 2026
Polar Capital Holdings PLC ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Grant of 2026 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 2026 to the following Directors and PDMRs of the Company in accordance with the rules of the 2026 Executive Incentive Plan.
PDMR
Position
No. of shares under Award*
Type of Award
Iain Evans
Chief Executive Officer
117,005
Executive
Samir Ayub
Chief Financial Officer
69,077
Executive
Alexander Black
Chief Investment Officer
69,077
Executive
Nicholas Farren
Chief Operating Officer
58,343
Executive
*The share numbers reflect the average of the middle-market closing price of a Share as per AIM on 9 to 15 July 2026 of 899p.
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 2029 which is the end of three financial years commencing on 1 April 2026 (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.
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
Chief Executive 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 2026 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
117,005
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2026
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 2026 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
69,077
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2026
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 2026 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
69,077
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2026
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 2026 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
58,343
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2026
f)
Place of the transaction
Outside a trading venue
Enquiries:
Polar Capital
Tracey Lago (Group Company Secretary)
+44 (0)20 7227 2700
Deutsche Numis - Nomad and Joint Broker
Charles Farquhar
Duncan Monteith
+44 (0)20 7545 8000
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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