REG - Polar Capital Hldgs - Director/PDMR Shareholding
20/07/2022 11:00
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RNS Number : 1475T 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)
Grant of 2022 Long Term Incentive Plan (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
2022 to the following Directors and PDMRs of the Company in accordance with
the rules of the 2016 Executive Incentive Plan.
Director / PDMR Position No. of shares under Award
Gavin Rochussen Chief Executive Officer 195,071
Samir Ayub Finance Director 101,314
Alexander Black Chief Investment Officer 111,446
Iain Evans Global Head of Distribution 111,446
Nicholas Farren Chief Operating Officer 91,183
Vesting of the Awards is subject to continued employment and performance based
on the following measures:
- 50% 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) as at the
Grant Date.
- 50% 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 2024/25 (the end of three financial years commencing on
1 April 2022).
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gavin Rochussen
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 2016 Executive Incentive Plan as a
conditional award. Subject to performance over 3 years and continued service,
the award normally begins to vest after 3 years. One third of the vested
shares may be released to the individual on the third, fourth and fifth
anniversaries of the award date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 195,071
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2022
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 Finance Director
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. Subject to performance over 3 years and continued service,
the award normally begins to vest after 3 years. One third of the vested
shares may be released to the individual on the third, fourth and fifth
anniversaries of the award date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 101,314
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2022
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. Subject to performance over 3 years and continued service,
the award normally begins to vest after 3 years. One third of the vested
shares may be released to the individual on the third, fourth and fifth
anniversaries of the award date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 111,446
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 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 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. Subject to performance over 3 years and continued service,
the award normally begins to vest after 3 years. One third of the vested
shares may be released to the individual on the third, fourth and fifth
anniversaries of the award date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 111,446
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2022
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. Subject to performance over 3 years and continued service,
the award normally begins to vest after 3 years. One third of the vested
shares may be released to the individual on the third, fourth and fifth
anniversaries of the award date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 91,183
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
16 July 2022
f)
Place of the transaction
Outside a trading venue
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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