Grant of Share Options

RNS Number : 7402I

Polar Capital Holdings PLC

05 July 2013

 



5 July 2013

Polar Capital Holdings plc

("Polar Capital" or the "Company")

Grant of Options

Polar Capital announces that on 4 July the Board approved the grant of options over Ordinary Shares of 2.5 pence each in the Company ("Ordinary Shares") to Mr Tim Woolley, Chief Executive Officer of the Company and to Mr John Mansell, Chief Financial Officer of the Company. The options were granted in respect of the Company's performance to 31 March 2013.

Mr Woolley was granted 500,000 options with an exercise price of 388 pence per Ordinary Share. These options become exercisable from 4 July 2017 and will expire on 4 July 2023. Following this grant, Mr Woolley holds 6,000,000 Ordinary Shares (representing approximately 7.25% of the current issued Ordinary Shares) and has options over 2,100,000 Ordinary Shares (representing approximately 2.53% of the current issued Ordinary Shares).

Mr Mansell was granted 350,000 options with an exercise price of 388 pence per Ordinary Share. These options become exercisable from 4 July 2017 and will expire on 4 July 2023. Following this grant, Mr Mansell holds beneficial and non-beneficial interests in 1,872,000 Ordinary Shares (representing approximately 2.26% of the current issued Ordinary Shares) and has options over 1,700,000 Ordinary Shares (representing approximately 2.05% of the current issued Ordinary Shares).

For further information, please contact:

Polar Capital Holdings plc	[phone]
Tim Woolley, Chief Executive Officer
John Mansell, Chief Financial Officer
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan
FTI Consulting	[phone]
Ed Gascoigne-Pees, Jack Hickey

 

END

 

 

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