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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Polar Capital Holdings PLC | AQSE:POLR.GB | Aquis Stock Exchange | Ordinary Share | GB00B1GCLT25 | Ordinary Shares 25p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 535.00 | 510.00 | 560.00 | 536.31 | 528.62 | 535.00 | 5,588 | 15:29:50 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPOLR
RNS Number : 5473U
Polar Capital Holdings PLC
19 January 2017
19 January 2017
Polar Capital Holdings plc
Share Award and Director Dealings
Further to the announcement of the prospective appointment of Mr Gavin Rochussen as CEO of Polar Capital Holdings plc ("Polar Capital" or the "Group") the Group confirms that as part of Mr Rochussen's remuneration package he will join the Company's Long Term Incentive Plan ("LTIP") and that, on appointment Mr Rochussen will be awarded a deferred interest in three million pounds value of ordinary shares ("Ordinary Shares") in the Group (the "LTIP Award"). In order to satisfy the LTIP Award it is expected that in due course a recommendation will be made to the Group's Employee Benefit Trust that it purchase these Ordinary Shares in the market.
In addition to the LTIP Award Mr Rochussen has informed the Board of his intention to purchase in the market for his own account or via a nominee, subject to the normal rules of the Group's share dealing policy, up to one million Ordinary Shares at a price of up to 300p (the "Price").
Senior executives and significant shareholders of Polar Capital, Mr Tim Woolley, Mr Brian Ashford-Russell and Mr Robert Gurner are extremely supportive of Mr Rochussen's appointment and wish to ensure that he is able to start his role with a meaningful equity interest. To this end, they have indicated that, in the event that Mr Rochussen is unable to complete his purchase at the Price in the market, they would make up any shortfall and sell Ordinary Shares at the Price.
The Board of Polar Capital is delighted with the material financial investment being made by Mr Rochussen in the capital of the Group which, together with the LTIP Award, will significantly align his interests with those of all shareholders.
Mr Rochussen will purchase his shares through the Group's Nomad and Joint Broker, Canaccord Genuity and further details of the purchase will be provided at the time.
Enquiries:
Polar Capital Holdings PLC Tim Woolley (CEO) +44 (0)20 7227 John Mansell (COO) 2700 Canaccord Genuity - Nomad and Joint Broker Simon Bridges (QE) Andrew Buchanan +44 (0)20 7523 Kit Stephenson 8000 Peel Hunt - Joint Broker +44 (0)20 7418 Guy Wiehahn 8893 Camarco +44 (0)20 3757 Ed Gascoigne-Pees 4984
This information is provided by RNS
The company news service from the London Stock Exchange
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January 19, 2017 02:01 ET (07:01 GMT)
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