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
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| a)
| Name
| Iain Evans
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| 2
| Reason for the notification
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| 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
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| 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
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| a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 2.5p each | |||
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| Identification code | GB00B1GCLT25 | ||||
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| b)
| Nature of the transaction
| Exercise of Share Options under the 2007 Equity Incentive Plan | |||
| c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 426.75 pence | 100,000
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| d)
| Aggregated information | Single transaction as in 4 c) above | |||
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| e)
| Date of the transaction
| 29-07-2021 | |||
| f)
| Place of the transaction
| Off-Market | |||
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| 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 | |||
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| Identification code | GB00B1GCLT25 | ||||
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| b)
| Nature of the transaction
| Sale of Shares | |||
| c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 880.2 pence | 28,123 |
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| d)
| Aggregated information | Single transaction as in 4 c) above | |||
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| 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 |
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| Peel Hunt LLP - Joint Broker |
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| Andrew Buchanan |
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| Rishi Shah |
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| Tel: +44 (0)20 7418 8893 |
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