Director/PDMR Shareholding
21 July 2026
Polar Capital Holdings PLC ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Vesting of 2023 Long Term Incentive Plan ("LTIP")
16 July 2026 was the third anniversary of grant, and the vesting date of the 2023 LTIP awards granted to Iain Evans, Samir Ayub, Alexander Black and Nicholas Farren. Details of the original grant on 16 July 2023 are contained in RNS No. 4181G released on 18 July 2023.
The terms of the LTIP award provided for vesting in full on the third anniversary of grant, subject to performance conditions.
The LTIP awards vested in full, with full details available in the 2026 Annual Report.
The following table provides details of the vesting and release date of the awards:
PDMR
Vested Shares -
16 July 2026
Shares sold to cover tax
Net Shares to be released after the holding period on 16 July 2028
Iain Evans
Chief Executive Officer
117,773
65,070
52,703
Samir Ayub
Chief Financial Officer
107,066
59,154
47,912
Alexander Black
Chief Investment Officer
117,773
65,070
52,703
Nicholas Farren
Chief Operations Officer
102,784
56,788
45,996
Vesting of 'Conditional Award to CIO' 2023 Long Term Incentive Plan ("LTIP")
16 July 2026 was the third anniversary of grant of the Conditional Award, and the vesting date of 50% of the 2023 LTIP award granted to Alexander Black. Details of the original grant on 16 July 2023 are also contained in RNS No. 4181G released on 18 July 2023.
The LTIP award vests in two tranches on the third and fourth anniversary of grant, is subject to continued service and is not subject to a holding period.
The following table provides details of the vesting and release date of the awards:
PDMR
Vested Shares -
16 July 2026
Shares sold to cover tax
Net Shares to be released - not subject to holding period
Alexander Black
Chief Investment Officer
65,400
36,134
29,266
Individual PDMR Transaction Details:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain Evans
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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
117,773
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Iain Evans
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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8.82
65,070
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
107,066
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8.82
59,154
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
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 2023 LTIP Award and first tranche vesting of the 2023 Conditional LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
183,173
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
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 2023 LTIP Award and the 2023 Conditional LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8.82
101,204
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Farren
2
Reason for the notification
a)
Position/status
Chief Operations 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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
102,784
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Farren
2
Reason for the notification
a)
Position/status
Chief Operations 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 2023 LTIP Award
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8.82
56,788
d)
Aggregated information
Single transaction as in 4 c) above
e)
Date of the transaction
17/07/2026
f)
Place of the transaction
Off Market
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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