Surrender of Share Option Award by a Director

RNS Number : 4272L
Polar Capital Holdings PLC
18 July 2017
 

18 July 2017

Polar Capital Holdings PLC

Surrender of Share Option Award by a Director

Polar Capital Holdings PLC (the "Company") announces that today Tim Woolley, has surrendered for no consideration, in full, a market value share option  granted to him on 4 July 2013 under the Company's 2007 Executive Incentive Plan (the "Plan") over 500,000 ordinary shares in the Company ("Ordinary Shares") at an exercise price per Ordinary Share of 388p.

Mr Woolley continues to hold share options as follows:

Grant date

Shares under option

Option price

Earliest exercise date

Last exercise date

Market value of shares at grant date

20/12/2010

1,000,000

145.0p

31/03/2014

20/12/2020

145.0p

27/06/2011

600,000

191.7p

27/06/2015

27/06/2021

191.7p

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

  

Tim Woolley

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer/Director

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

 

N/A

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

Option to subscribe for Ordinary Shares of 2.5p each



Identification code

N/a



b)

 

Nature of the transaction

 

Surrender of share option

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




388.0pence

500,000






 

 

d)

 

Aggregated information

Single transaction as in 4 c) above



- Aggregated volume

500,000



- Price

388.0 pence

 



e)

 

Date of the transaction

  

18-07-2017

f)

 

Place of the transaction

  

Off market

 

Enquiries:

Polar Capital Holdings PLC

Tom Bartlam (Chairman)
John Mansell (COO)

+44 (0)20 7227 2700

Canaccord Genuity - Nomad and Joint Broker

Simon Bridges (QE)

Andrew Buchanan

+44 (0)20 7523 8000

 

Peel Hunt - Joint Broker

Guy Wiehahn

+44 (0)20 7418 8893

Camarco - PR Advisers

Ed Gascoigne-Pees

+44 (0)20 3757 4984

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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