GENERAL TEXT AMENDMENT
The following amendment has been made to the ' Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)' announcement released on 20 July 2022 at 10:57am under RNS No 1475T.
'Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant.'
All other details remain unchanged.
The full amended text is shown below.
21 July 2022
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Grant of 2022 Long Term Incentive Plan (LTIP)
Polar Capital announces the grant of conditional share awards over ordinary shares of 2.5 pence each in Polar Capital Holdings PLC ("Awards") on 16 July 2022 to the following Directors and PDMRs of the Company in accordance with the rules of the 2016 Executive Incentive Plan.
| Director / PDMR | Position | No. of shares under Award |
| | | |
| Gavin Rochussen | Chief Executive Officer | 195,071 |
| Samir Ayub | Finance Director | 101,314 |
| Alexander Black | Chief Investment Officer | 111,446 |
| Iain Evans | Global Head of Distribution | 111,446 |
| Nicholas Farren | Chief Operating Officer | 91,183 |
Vesting of the Awards is subject to continued employment and performance based on the following measures:
- 50% of each Award is subject to a performance condition relating to the performance of the Company's total shareholder return relative to the constituents of the FTSE 250 Index (excluding investment trusts) as at the Grant Date.
- 50% of each Award is subject to a performance condition requiring the Company's adjusted diluted total earnings per share to achieve a pre-set level for the financial year 2024/25 (the end of three financial years commencing on 1 April 2022).
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Gavin Rochussen | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial Announcement | ||||
| 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 2.5 pence each in Polar Capital Holdings PLC
| ||||
| | Identification code | GB00B1GCLT25 | ||||
| b) | Nature of the transaction | Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 16 July 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Samir Ayub | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Finance Director | ||||
| b) | Initial notification/Amendment | Initial Announcement | ||||
| 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 2.5 pence each in Polar Capital Holdings PLC
| ||||
| | Identification code | GB00B1GCLT25 | ||||
| b) | Nature of the transaction | Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 16 July 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Alexander Black | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Chief Investment Officer | ||||
| b) | Initial notification/Amendment | Initial Announcement | ||||
| 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 2.5 pence each in Polar Capital Holdings PLC
| ||||
| | Identification code | GB00B1GCLT25 | ||||
| b) | Nature of the transaction | Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 16 July 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Iain Evans | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Global Head of Distribution | ||||
| b) | Initial notification/Amendment | Initial Announcement | ||||
| 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 2.5 pence each in Polar Capital Holdings PLC
| ||||
| | Identification code | GB00B1GCLT25 | ||||
| b) | Nature of the transaction | Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 16 July 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Nicholas Farren | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Chief Operating Officer | ||||
| b) | Initial notification/Amendment | Initial Announcement | ||||
| 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 2.5 pence each in Polar Capital Holdings PLC
| ||||
| | Identification code | GB00B1GCLT25 | ||||
| b) | Nature of the transaction | Grant of an award under the Company's 2016 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 16 July 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Polar Capital +44 (0)20 7227 2700
Gavin Rochussen (Chief Executive)
Samir Ayub (Finance Director)
Numis Securities Limited - Nomad and Joint Broker +44 (0)20 7260 1000
Giles Rolls (QE)
Charles Farquhar
Stephen Westgate
Peel Hunt LLP - Joint Broker +44 (0)20 3597 8680
Andrew Buchanan
Camarco +44 (0)20 7757 4995
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh
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