Director/PDMR Shareholding

RNS Number : 3770M
Polar Capital Holdings PLC
20 January 2021
 

 

20 January 2021

 

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 on 20 January 2021 that Mr Iain Evans, a person discharging managerial responsibilities, exercised 100,000 share options at 315.0p per share under the Company's 2007 Equity Incentive Plan (the "Plan").

 

The option was issued in accordance with the rules of the Plan and 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 Company has issued 56,817 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, 25,819 shares were then sold at the market price of 660p per Ordinary Share, the balance of 30,998 shares have been retained by Mr Iain Evans.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Iain Evans

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Head of Global Distribution and person discharging managerial responsibilities

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 Options under the 2016 Equity Incentive Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




315.0 pence

100,000






 

 

d)

 

Aggregated information

Single transaction as in 4 c) above



- Aggregated volume

100,000



- Price

315.0 pence

 



e)

 

Date of the transaction

 

20-01-2021

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

 

Acquisition of Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




315.0 pence

56,817






 

 

d)

 

Aggregated information

Single transaction as in 4 c) above



- Aggregated volume

56,817



- Price

315.0 pence



e)

 

Date of the transaction

 

20-01-2021

f)

 

Place of the transaction

 

London Stock Exchange, AIM, XLON

 

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)




660.0 pence

25,819






 

 

d)

 

Aggregated information

Single transaction as in 4 c) above



- Aggregated volume

25,819



- Price

660.0 pence



e)

 

Date of the transaction

 

20-01-2021

f)

 

Place of the transaction

 

London Stock Exchange, AIM, XLON

 

 

Enquiries:

 

Polar Capital

Neil Taylor

+44 (0)207 227 2700

 

 

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