17 May 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 that on 14 May 2021 that Mr John Mansell, Executive Director, exercised in their entirety two share option awards under the Company's 2007 Equity Inventive Plan (the "Plan") as follows:
· 350,000 share options from share options granted in July 2011, which unless exercised would have lapsed on 26 July 2021.
· 350,000 share options from share options granted in July 2013, which unless exercised would have lapsed on 4 July 2023.
Following the above exercises Mr Mansell has no further share option awards over the shares of the Company.
The Employee Benefit Trust (EBT) transferred 426,766 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise to Mr Mansell and all the shares were then sold at the market price of 750p per Ordinary Share.
Following this transaction Mr Mansell continues to hold an interest in the Company's shares as follows:
Ordinary Shares
| Ordinary Shares | Interest in Ordinary Shares held under the Company's deferment of remuneration arrangements | Total Interest in Ordinary Shares | % of the Company's issued share capital |
| 1,900,528 | 47,317 | 1,947,845 | 1.97% |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| John Mansell
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Executive 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
| 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) | | |
| | | 197.5p | 350,000
| | |
| d)
| Aggregated information | Single transaction as in 4 c) above | |||
| | | ||||
| e)
| Date of the transaction
| 14/05/2021 | |||
| 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
| Exercise of Share Options under the 2007 Equity Incentive Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 388.0 pence | 350,000 | | |
| | | | |
| |
| d)
| Aggregated information | Single transaction as in 4 c) above | |||
| | | ||||
| e)
| Date of the transaction
| 14-05-2021 | |||
| 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) | | |
| | | 750.0 pence | 426,766 | | |
| | | | |
| |
| d)
| Aggregated information | Single transaction as in 4 c) above | |||
| | | ||||
| e)
| Date of the transaction
| 14-05-2021 | |||
| f)
| Place of the transaction
| London Stock Exchange, AIM, XLON | |||
Enquiries:
Polar Capital
Gavin Rochussen / John Mansell / Neil Taylor
+44 (0)207 227 2700
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