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Polar Capital Hldgs (POLR)

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Monday 02 August, 2021

Polar Capital Hldgs

Director/PDMR Shareholding

RNS Number : 1523H
Polar Capital Holdings PLC
02 August 2021
 

 

2 August 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 29 July 2021 that Mr Iain Evans, a person discharging managerial responsibilities, exercised a 100,000 share options at 426.75p per share under the Company's 2016 Executive 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 Employee Benefit Trust (EBT) transferred 51,516 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, 28,123 shares were then sold at the market price of 880.20p per Ordinary Share, the balance of 23,393 shares has 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 2007 Equity Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

426.75 pence

100,000

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

 

 

e)

 

Date of the transaction

 

29-07-2021

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

 

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

880.2 pence

28,123

 

 

 

 

 

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

 

 

e)

 

Date of the transaction

 

29-07-2021

f)

 

Place of the transaction

 

London Stock Exchange, AIM, XLON

 

Enquiries:

 

Polar Capital Holdings

Numis Securities Limited - Nomad and Joint Broker

Gavin Rochussen (CEO)

Charles Farquhar

John Mansell (Executive Director)

Stephen Westgate

Neil Taylor (Company Secretary)

Kevin Cruickshank (QE)

Tel:  +44 (0)20 7227 2700

+44 (0)20 7260 1000

 

 

 

Peel Hunt LLP - Joint Broker

 

Andrew Buchanan

 

Rishi Shah

 

Tel: +44 (0)20 7418 8893

 

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