Share Name Share Symbol Market Type Share ISIN Share Description
Polar Capital Holdings LSE:POLR London Ordinary Share GB00B1GCLT25 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.75p -0.87% 425.00p 421.00p 427.25p 437.75p 420.50p 430.00p 437,859 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 73.8 20.4 17.8 23.9 388.65

Polar Capital Holdings PLC Appointment of Chief Executive

17/07/2017 9:00am

UK Regulatory (RNS & others)


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RNS Number : 1750L

Polar Capital Holdings PLC

17 July 2017

17 July 2017

Polar Capital Holdings plc

Appointment of Chief Executive - Gavin Rochussen

Further to the announcements made on 19 January 2017 (RNS 5468U and RNS 5473U) Polar Capital Holdings plc ("Polar Capital" or the "Group"), today announces the appointment of Gavin Rochussen as an Executive Director and he has taken up his duties as Chief Executive. Gavin has also become a partner of Polar Capital LLP.

Mr Tim Woolley has with effect from today relinquished his executive duties and has moved to a non-executive position.

Tom Bartlam, Chairman of Polar Capital, commented: "I am delighted that Gavin Rochussen has taken up his post as our new Chief Executive. Gavin has an exceptional record as a CEO in the asset management industry and has a proven record in developing an institutional and overseas business, both areas of potential growth for Polar Capital in future years."

Share Award and Shareholdings

As announced on 19 January 2017 (RNS 5473U), on taking up his role as Chief Executive, Mr Rochussen has joined the Group's Executive Incentive Plan and has been granted a deferred, forfeitable award to the value of three million pounds (the "Award") of ordinary shares of the Group ("Ordinary Shares"). In order to satisfy the Award the Group's Employee Benefit Trust purchased 802,967 Ordinary Shares at an average purchase price of 373.6P per share. The Award vests in three equal traches on the first, second and third anniversary of its granting. This comprises the total interest of Mr Rochussen in Ordinary Shares under the Executive Incentive Plan.

Also as announced on 19 January, Mr Rochussen purchased a beneficial interest in one million Ordinary Shares which are held in the name of Amigona Holdings Inc.

Enquiries:

 
  Polar Capital Holdings PLC 
   Gavin Rochussen (CEO)                       +44 (0)20 7227 
   John Mansell (COO)                           2700 
  Canaccord Genuity - Nomad and Joint Broker 
   Simon Bridges (QE)                          +44 (0)20 7523 
   Andrew Buchanan                              8000 
  Peel Hunt - Joint Broker                     +44 (0)20 7418 
   Guy Wiehahn                                  8893 
  Camarco - PR Advisers                        +44 (0)20 3757 
   Ed Gascoigne-Pees                            4984 
 

Disclosure as required in accordance with Schedule 2 of the AIM Rules for Companies:

Full Name: Gavin Mark Rochussen

Age: 57

Previous Names: None

Directorships: A full list of Gavin Rochussen's current directorships and past directorships held within the last five years were provided in the announcement on 19 January 2017 (RNS 5468U). An updated list is provided below.

Current Directorships (as at 17 July 2017)

 
Position                               Company 
Independent Partnership Advisor        James Hambro & Partners LLP 
Governor and Director                  Tonbridge School 
Advisor                                The Gani (IOM) Trust and Amigona 
                                        Holdings Inc. 
 

Past Directorships (in the last five years)

 
Position                                Company 
Chief Executive                         J O Hambro Capital Management 
                                         Limited 
President and Director                  JOHCM (USA) Inc. 
Executive Director - International      J O Hambro Capital Management 
                                         Holdings Limited 
Director                                BTIM UK Limited 
Director                                JOHCM (Singapore) Pte 
Partner representative                  James Hambro & Partners LLP 
 

Apart from the disclosures above there are no further disclosures required to be made in respect of the appointment under Schedule 2(g) or Rule 17 of the AIM Rules for Companies

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 17, 2017 04:00 ET (08:00 GMT)

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