REG - Polar Capital Hldgs - Share Repurchase Programme - 2026

Polar Capital HoldingsAnnouncement

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RNS Number : 1335P  Polar Capital Holdings PLC  16 January 2026

16 January 2026

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

Share Repurchase Programme - 2026

Polar Capital announces that the Board of Directors has approved a share
repurchase programme to return up to a maximum aggregate amount of
£15,000,000 to the Company's shareholders via open market purchases of the
Company's ordinary shares of 2.5 pence each (the "Ordinary Shares") on the
London Stock Exchange (the "Programme").

About the Programme

·    The purpose of the Programme is to reduce the share capital of the
Company and the Programme will be financed through existing cash resources.

 

·    The Company has appointed Deutsche Bank AG, London Branch (trading
for these purposes as Deutsche Numis) ("Deutsche Numis") to independently
manage the Programme to repurchase Ordinary Shares on its behalf.

 

·    The aggregate number of Ordinary Shares acquired by the Company
pursuant to the Programme shall not exceed the maximum number of Ordinary
Shares which the Company is authorised to purchase pursuant to the authority
obtained at the Company's AGM to repurchase up to a maximum 15,225,099
Ordinary Shares ("General Authority") that was approved at the 2025 AGM on 25
September 2025.

 

·    In accordance with the General Authority, the maximum price paid per
Ordinary Share acquired by the Company pursuant to the Programme is to be no
more than:

 

o  105 per cent. of the average of the middle market quotations for an
Ordinary Share (taken from the AIM List) for the five business days
immediately preceding the day on which the Ordinary Share is purchased;

 

o  the higher of the price of the last independent trade and the highest
current independent bid for an Ordinary Share on the London Stock Exchange

 

·    The Programme will commence on 19 January 2026 and will continue
until the earlier of 19 July 2026 or until the maximum pecuniary amount has
been purchased under the Programme.

 

·    The purchased Ordinary Shares will be cancelled by the Company.

 

·    Share repurchases will take place in open market transactions and may
be made from time to time depending on market conditions, share price and
trading volume.

 

·    The Company confirms that it currently has no unpublished inside
information.

 

·    The Programme will be conducted within the parameters prescribed by
the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation
(EU) 2016/1052 as it forms part of UK law pursuant to the UK's European Union
(Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations
2019)

 

·    Any repurchase of Ordinary Shares will be announced no later than
7:30 a.m. on the business day following the calendar day on which the
repurchase occurred.

 

·    There is no guarantee that the Programme will be implemented in full.

 

·    As at 15 January 2026, the Company's total issued share capital
consisted of 101,568,374 Ordinary Shares, with one voting right per share. The
Company holds nil Ordinary Shares in treasury. Therefore, the total number of
voting rights in the Company was 101,568,374.

 

 

For further information please contact:

 Polar Capital                            +44 (0)20 7227 2700

 Tracey Lago (Group Company Secretary)
 Deutsche Numis - Nomad and Joint Broker   +44 (0)20 7260 1000

 Giles Rolls

 Charles Farquhar
 Camarco - PR                             +44 (0)20 3757 4980

 Ed Gascoigne-Pees

 Jennifer Renwick

 Phoebe Pugh

 

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