REG - Polar Capital Hldgs - Director/PDMR Shareholding
15/07/2024 11:15
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RNS Number : 4201W Polar Capital Holdings PLC 15 July 2024
15 July 2024
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Third Vesting of 2019 Long Term Incentive Plan
11 July 2022 was the third anniversary of grant, and the awards granted to
Gavin Rochussen, Alexander Black, and Iain Evans under the Long Term Incentive
Plan ("LTIP") vested. Details of the original grant on 11 July 2019 are
contained in RNS No. 6003F and details of the first two vestings are contained
in RNS Nos. 3329S & 9448F.
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 performance conditions.
Second Vesting of 2019 Conditional Award
11 July 2022 was the third anniversary of grant, and the Conditional Awards
granted to Samir Ayub and Nicholas Farren under the Company's Executive
Incentive Plan vested. Details of the original grant on 11 July 2019 are
contained in RNS No. 6708F and details of the first two vestings are contained
in RNS Nos. 3329S & 9448F.
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.
11 July 2024 was the fifth anniversary of both the LTIP and the Conditional
Awards, and a further tranche of shares were released to the participants.
These releases have been satisfied from shares held in the Employee Benefit
Trust; at each vesting date there is a sale of sufficient shares to cover tax
liabilities.
As the fifth anniversary of grant has now been reached, the net number of
shares retained from the first and second vestings under the Holding Period,
along with the net shares from the third vesting on 11 July 2024, have been
released to the PDMRs.
Details of the third vesting of the 2019 LTIP and Conditional awards, and the
sale of shares for each PDMR are 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 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 115,610
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2024
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 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
600.00p 63,111
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2024
f) Place of the transaction London Stock Exchange, AIM
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 Acquisition of an interest in the shares of the Company on vesting of one
third of the 2019 conditional award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 3,334
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2024
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 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 Sale of shares of the Company on vesting of one third of the 2019 conditional
award
c) Price(s) and volume(s)
Price(s) Volume(s)
600.00p 1,820
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2024
f) Place of the transaction London Stock Exchange, AIM
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 one
third of the 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 14,530
e) Date of the transaction 11-07-2024
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 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 one third of the 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
600.00p 7,932
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2024
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 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 58,120
e) Date of the transaction 11-07-2024
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 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
600.00p 31,728
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2024
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Farren
2 Reason for the notification
a) Position/status Chief Operating 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 2019 conditional award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 3,334
e) Date of the transaction 11-07-2024
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 the notification
a) Position/status Chief Operating 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 2019 LTIP Award
c) Price(s) and volume(s)
Price(s) Volume(s)
600.00p 1,820
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 12-07-2024
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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