REG - Polar Capital Hldgs - Director/PDMR Shareholding

Polar Capital HoldingsAnnouncement

10/03/2023 15:30

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RNS Number : 6352S  Polar Capital Holdings PLC  10 March 2023

 

10 March 2023

 

Polar Capital Holdings plc ("Polar Capital" or the "Company")

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)/Persons Closely Associated (PCAs)

 

The Company was notified that on 10 March 2023 that Mr. Samir Ayub, Finance
Director, exercised a share option over 100,000 shares at an option price of
386.6p per share granted under the Company's Equity Inventive Plan (the
"Plan").  This award had been made in 2013 and was nearing the end of its a
ten-year life which expires on 1 July 2023.

 

On the same date Mr Samir Ayub exercised a further share option over 75,000
shares at an option price of 3.15p per share granted under the Plan in 2016.
 

 

The options were exercised in accordance with the rules of the Plan and, where
permitted, by the use of the provisions relating to Equity Settled Share
Appreciation Rights ('ESARS'). The use of the ESARS provisions allows the
Company to issue to the option holder only the number of shares that would
equate to the number of shares over which the option becomes exercisable less
the number of shares that would have needed to be sold to fund the purchase of
that number of shares on the exercise date.

 

The Employee Benefit Trust (EBT) transferred 54,218 ordinary shares of 2.5p
each ("Ordinary Shares") to Mr. Ayub in full satisfaction of the two options
exercised and all the shares were then sold at the market price of 490.85p per
Ordinary Share.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Samir Ayub
 2    Reason for the notification
 a)   Position/status                                              Finance 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                                    Exercise of share option

 c)   Price(s) and volume(s)                                                         Price(s)          Volume(s)

                                                                                     386.60p           100,000
 d)   Aggregated information                                       Single transaction as in 4 c) above

 e)   Date of the transaction                                      10/03/2023

 f)   Place of the transaction                                     Off-Market

 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

 c)   Price(s) and volume(s)                                                         Price(s)          Volume(s)

                                                                                     490.85 pence      21,238

 d)   Aggregated information                                       Single transaction as in 4 c) above

 e)   Date of the transaction                                      10/03/2023

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 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                                    Exercise of share option

 c)   Price(s) and volume(s)                                                        Price(s)         Volume(s)

                                                                                    315.0p           75,000
 d)   Aggregated information                                       Single transaction as in 4 c) above

 e)   Date of the transaction                                      10/03/2023

 f)   Place of the transaction                                     Off-Market

 

 

 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

 c)   Price(s) and volume(s)                                                        Price(s)         Volume(s)

                                                                                    490.85 pence     32,980

 d)   Aggregated information                                       Single transaction as in 4 c) above

 e)   Date of the transaction                                      10/03/2023

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

 

Enquiries:

 

Polar Capital

Samir Ayub / Neil Taylor

+44 (0)207 227 2700

 

 

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