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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
  4.00 0.79% 512.00 508.00 510.00 512.00 504.00 504.00 70,026 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 151.7 50.9 43.5 11.8 504

Polar Capital Holdings PLC Director/PDMR Shareholding

22/07/2020 12:10pm

UK Regulatory (RNS & others)


Polar Capital (LSE:POLR)
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From Apr 2020 to Oct 2020

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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.

END

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July 22, 2020 07:10 ET (11:10 GMT)

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