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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Polar Capital Holdings Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-3.00 | -0.57% | 526.00 | 526.00 | 527.00 | 530.00 | 524.00 | 530.00 | 198,474 | 16:29:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 182.88M | 35.61M | 0.3533 | 14.89 | 530.16M |
TIDMPOLR
RNS Number : 7830T
Polar Capital Holdings PLC
22 July 2020
22 July 2020
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
Mr Rochussen, on his appointment as chief executive on 17 July 2017, joined the Company's Executive Incentive Plan and was awarded a deferred, forfeitable interest in 802,967 ordinary shares of the Company (the "Award") .
The terms of the Award provide for the release of one-third of the shares on the first, second and third anniversary of its granting.
The third anniversary of this Award was on 18 July 2020. On 20 July 2020, being the first working day after the anniversary, 267,655 ordinary shares in the Company were transferred from the Polar Capital Employee Benefit Trust to Mr Rochussen at nil cost.
Of these, a total of 145,000 ordinary shares of the Company were sold in order to raise funds to meet the tax liability linked to this third release of ordinary shares under the Award. This sale occurred over three days, with 36,000 shares sold at 484.5p on 20 July 2020, 7,600 shares sold at 485p on 21 July 2020 and 101,400 shares sold at 489p on 22 July 2020. The balance of 122,655 ordinary shares were then transferred to Mr Rochussen.
Mr Rochussen has made an undertaking not to dispose of the net shares for a period of 5 years from the grant date of 18 July 2017.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Gavin Rochussen ------------------------------------- ----------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------- a) Position/status Executive Director ------------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment ------------------------------------- ----------------------------------------------- 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 Ordinary Shares of 2.5p each financial instrument, type of instrument Identification code GB00B1GCLT25 b) Nature of the transaction Acquisition of an interest in the shares of the Company on vesting of one third of initial share award ------------------------------------- ----------------------------------------------- c) Price(s) and volume(s) ---------------------- -------------------- Price(s) Volume(s) ---------------------- -------------------- Nil 267,655 ----------------------------------------------------------------- -------------------- d) Aggregated information Single transaction as in 4 c) above - Aggregated volume 267,655 - Price Nil e) Date of the transaction 20-07-2020 ------------------------------------- ----------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------- ----------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Gavin Rochussen ----------------------------------- ----------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------ a) Position/status Executive Director ----------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment ----------------------------------- ----------------------------------------------- 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 Ordinary Shares of 2.5p each financial instrument, type of instrument Identification code GB00B1GCLT25 b) Nature of the transaction Sale of shares of the Company on vesting of one third of initial share award ----------------------------------- ----------------------------------------------- c) Price(s) and volume(s) ------------------------- ----------------- Price(s) Volume(s) ------------------------- ----------------- 484.5 pence 36,000 ------------------------------------------------------------------ ----------------- d) Aggregated information Single transaction as in 4 c) above - Aggregated volume - Price e) Date of the transaction 20-07-2020 ----------------------------------- ----------------------------------------------- f) Place of the transaction London Stock Exchange, AIM, XLON ----------------------------------- ----------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Gavin Rochussen ----------------------------------- ----------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------ a) Position/status Executive Director ----------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment ----------------------------------- ----------------------------------------------- 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 Ordinary Shares of 2.5p each financial instrument, type of instrument Identification code GB00B1GCLT25 b) Nature of the transaction Sale of shares of the Company on vesting of one third of initial share award ----------------------------------- ----------------------------------------------- c) Price(s) and volume(s) ------------------------- ----------------- Price(s) Volume(s) ------------------------- ----------------- 485.0 pence 7,600 ------------------------------------------------------------------ ----------------- d) Aggregated information Single transaction as in 4 c) above - Aggregated volume - Price
e) Date of the transaction 21-07-2020 ----------------------------------- ----------------------------------------------- f) Place of the transaction London Stock Exchange, AIM, XLON ----------------------------------- ----------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Gavin Rochussen ---------------------------------- ----------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------- a) Position/status Executive Director ---------------------------------- ----------------------------------------------- b) Initial notification Initial Notification /Amendment ---------------------------------- ----------------------------------------------- 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 Ordinary Shares of 2.5p each financial instrument, type of instrument Identification code GB00B1GCLT25 b) Nature of the transaction Sale of shares of the Company on vesting of one third of initial share award ---------------------------------- ----------------------------------------------- c) Price(s) and volume(s) -------------------------- ---------------- Price(s) Volume(s) -------------------------- ---------------- 489.00 pence 101,400 ------------------------------------------------------------------ ---------------- d) Aggregated information Single transaction as in 4 c) above - Aggregated volume - Price e) Date of the transaction 22-07-2020 ---------------------------------- ----------------------------------------------- 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 Peel Hunt LLP - Joint Broker Andrew Buchanan Rishi Shah Tel: +44 (0)20 7418 8893
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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July 22, 2020 07:10 ET (11:10 GMT)
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