REG - Polar Capital Hldgs - Director/PDMR Shareholding
18/07/2025 14:45
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RNS Number : 7236R Polar Capital Holdings PLC 18 July 2025
18 July 2025
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Grant of 2025 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
2025 to the following Directors and PDMRs of the Company in accordance with
the rules of the 2016 Executive Incentive Plan.
PDMR Position No. of shares under Award Type of Award
Iain Evans Global Head of Distribution 122,211 Executive
Samir Ayub Chief Financial Officer 111,158 Executive
Alexander Black Chief Investment Officer 122,211 Executive
Nicholas Farren Chief Operating Officer 106,737 Executive
Mike Catlin Chief Technology Officer 33,684 Senior Manager
Rachel Stynes Head of Human Resources 29,474 Senior Manager
Tracey Lago Group Company Secretary 29,474 Senior Manager
Boura Kym Tomlinson Cann Chief Legal and Compliance Officer 42,105 Other
The terms of the LTIP awards detailed above provide for vesting on the first
dealing day post the third anniversary of grant, subject to continued
employment and various performance conditions as detailed below:
Executive Award
Subject to a two-year holding period post vesting
° 35% 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 2028 which is the end of three financial years
commencing on 1 April 2025 (the 'Performance Period').
° 35% 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) during the
performance period.
° 10% of each Award is subject to a performance condition measured by
reference to the cumulative net inflows to Polar Group funds from two key
geographic locations during the performance period.
° 20% of each Award is subject to a performance condition measured by
reference to strategic progress towards enhancing the investment proposition
for the Company's investors during the performance period.
Senior Manager Award
75% shall be a performance share award (PSA) subject to a two-year holding
period post vesting and performance conditions as detailed below:
° 45% of each PSA 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 2028 which is the end of three financial years
commencing on 1 April 2025 (the 'Performance Period').
° 45% of each PSA 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) during the
performance period.
° 10% of each PSA is subject to a performance condition measured by
reference to the cumulative net inflows to Polar Group funds from two key
geographic locations during the performance period.
25% shall be a restricted share award (RSA) with no holding period or
performance conditions.
Other Award
Designated as a restricted share award (RSA) with no holding period or
performance conditions.
PDMR Transaction detail
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 122,211
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
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 Chief Financial 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 111,158
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
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 122,211
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
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 106,737
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mike Catlin
2 Reason for Notification
a) Position/status Chief Technology 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; 75% of the award is subject
to performance and continued service and any vested shares will be subject to
a holding period ending on the fifth anniversary of grant, the remaining 25%
is a restricted share award not subject to performance conditions or holding
period but is subject to continued service.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 33,684
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rachel Stynes
2 Reason for Notification
a) Position/status Head of Human Resources
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; 75% of the award is subject
to performance and continued service and any vested shares will be subject to
a holding period ending on the fifth anniversary of grant, the remaining 25%
is a restricted share award not subject to performance conditions or holding
period but is subject to continued service.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 29,474
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tracey Lago
2 Reason for Notification
a) Position/status Group Company Secretary
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; 75% of the award is subject
to performance and continued service and any vested shares will be subject to
a holding period ending on the fifth anniversary of grant, the remaining 25%
is a restricted share award not subject to performance conditions or holding
period but is subject to continued service.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 29,474
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Boura Kym Tomlinson Cann
2 Reason for Notification
a) Position/status Chief Legal and Compliance 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 an
Other Restricted Share award. Awards may vest after 3 years, is not subject to
performance conditions or a holding period but is subject to continued
service.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,105
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price 475p per share
e) Date of the transaction 16 July 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
475p per share
e)
Date of the transaction
16 July 2025
f)
Place of the transaction
Outside a trading venue
Enquiries:
Polar Capital +44 (0)20 7227 2700
Gavin Rochussen (Chief Executive Officer)
Samir Ayub (Chief Financial Officer)
Deutsche Numis - Nomad and Joint Broker +44 (0)20 7260 1000
Giles Rolls
Charles Farquhar
Peel Hunt LLP - Joint Broker +44 (0)20 3597 8680
Andrew Buchanan
Oliver Jackson
Camarco - PR +44 (0)20 3757 4980
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh
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