REG - Polar Capital Hldgs - Director/PDMR Shareholding
20/07/2022 10:30
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RNS Number : 1396T Polar Capital Holdings PLC 20 July 2022
20 July 2022
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Second Vesting of 2018 Long Term Incentive Plan
On 16 July 2021, being the third anniversary of grant, the awards granted to
Gavin Rochussen, John Mansell and Iain Evans under the Long Term Incentive
Plan ("LTIP") as part of the Company's Equity Incentive Plan 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 the achievement of an EPS performance condition by reference to
the adjusted diluted total EPS for the year ended 31 March 2021. The EPS
performance condition was met in full at the time of vesting.
The fourth anniversary of the LTIP award was 16 July 2022, and the shares were
released to the participants on 18 July 2022. These awards have been satisfied
by the release of shares from the Employee Benefit Trust to the participants.
Furthermore, at each vesting date there is a sale of sufficient shares to
cover tax liabilities.
Details of the second vesting of the 2018 LTIP award and sale of shares for
each PDMR is provided below:
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 one
third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 77,972
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 18-07-2022
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 one third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
464.50p 44,076
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 18-07-2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Mansell
2 Reason for the notification
a) Position/status Director
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 one
third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 43,859
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 18-07-2022
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Mansell
2 Reason for the notification
a) Position/status Director
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 one third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
464.50p 24,792
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 18-07-2022
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 one
third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 29,239
e) Date of the transaction 18-07-2022
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 one third of the 2018 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
464.50p 16,528
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 18-07-2022
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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