REG - Polar Capital Hldgs - Director/PDMR Shareholding
18/07/2023 16:45
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RNS Number : 4181G Polar Capital Holdings PLC 18 July 2023
18 July 2023
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Grant of 2023 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
2023 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 206,103
Samir Ayub Finance Director 107,066
Alexander Black Chief Investment Officer 117,773
Iain Evans Global Head of Distribution 117,773
Nicholas Farren Chief Operating Officer 102,784
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 2025/26 (the end of three financial years
commencing on 1 April 2023).
Conditional Award to CIO
A conditional share award over 130,800 ordinary shares of 2.5 pence each in
Polar Capital Holdings PLC was made on 16 July 2023 to the Chief Investment
Officer, Alexander Black. This award is subject to a 3-year vesting period and
continued service, after which the shares will be released in two equal
tranches on the 3(rd) and 4(th) anniversaries of the grant date.
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. 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 206,103
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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. 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 107,066
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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. 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 117,773
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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. 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 117,773
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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. 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 102,784
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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. Award may vest after 3 years subject to continued service.
Any vested shares will be released in equal tranches on the third and fourth
anniversaries of grant.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 130,800
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 16 July 2023
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 2023
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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