Director/PDMR Shareholding

Polar Capital Holdings PLC

19 July 2023

 

19 July 2023

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

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Third Vesting of 2018 Long Term Incentive Plan

16 July 2021 was the third anniversary of grant, and the awards granted to Gavin Rochussen and Iain Evans under the Long Term Incentive Plan ("LTIP") vested. Details of the original grant on 16 July 2018 are contained in RNS No. 7916U and details of the initial vesting are contained in RNS No. 6602F.

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.

16 July 2023 was the fifth anniversary of both the LTIP 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 16 July 2023, have been released to the PDMRs.

Details of the third vesting of the 2018 LTIP 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 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	77,974
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	16-07-2023
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 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			465.8877p	42,566
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	19-07-2023
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 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	29,241
e)	Date of the transaction	16-07-2023
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 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 2018 LTIP Award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			465.8877p	15,963
d)	Aggregated information	Single transaction as in 4 c) above
e)	Date of the transaction	19-07-2023
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Polar Capital                                                                      [phone]

Gavin Rochussen (Chief Executive)

Samir Ayub (Finance Director)

Numis Securities Limited - Nomad and Joint Broker     [phone]

Giles Rolls (QE)

Charles Farquhar

Stephen Westgate

Peel Hunt LLP - Joint Broker                                            [phone]

Andrew Buchanan

Camarco                                                                             [phone]

Ed Gascoigne-Pees

Jennifer Renwick

Phoebe Pugh              

 

END