Polar Capital Holdings PLC Director/PDMR Shareholding (9508Z)

TIDMPOLR

RNS Number : 9508Z

Polar Capital Holdings PLC

26 May 2021

26 May 2021

Polar Capital Holdings plc ("Polar Capital" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)

The Company was notified on 26 May 2021 that Mr Nicholas Farren, a person discharging managerial responsibilities, exercised two share option awards under the Company's 2007 Equity Incentive Plan (the "Plan") as follows:

   --    75,000 share options from share options granted in June 2012 at 191.0p per share 
   --    50,000 share options from share options granted in July 2013 at 386.6p per share 

The option was issued in accordance with the rules of the Plan and use of the provisions relating to Equity Settled Share Appreciation Rights ('ESARS'). The use of the ESARS provisions allows the Company to issue to the option holder only the number of shares that would equate to the number of shares over which the option becomes exercisable less the number of shares that would have needed to be sold to fund the purchase of that number of shares on the exercise date.

The Employee Benefit Trust (EBT) transferred 82,930 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise to Mr Farren and all the shares were then sold at the market price of 800p per Ordinary Share.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Nicholas Farren 
      -----------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                      COO and person discharging managerial 
                                             responsibilities 
      -----------------------------------  ----------------------------------------------- 
 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            Exercise of Share Options under the 2007 
                                             Equity Incentive Plan 
      -----------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------------------  ----------------- 
                                             Price(s)                   Volume(s) 
                                            -------------------------  ----------------- 
    191.0 pence                                                         75,000 
   ------------------------------------------------------------------  ----------------- 
 d)    Aggregated information               Single transaction as in 4 c) above 
 
 e)    Date of the transaction              26-05-2021 
      -----------------------------------  ----------------------------------------------- 
 f)    Place of the transaction             Off-Market 
      -----------------------------------  ----------------------------------------------- 
 
 
 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            Exercise of Share Options under the 2007 
                                             Equity Incentive Plan 
      -----------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------------------  ----------------- 
                                             Price(s)                   Volume(s) 
                                            -------------------------  ----------------- 
    386.6 pence                                                         50,000 
   ------------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information               Single transaction as in 4 c) above 
 
 e)    Date of the transaction              26-05-2021 
      -----------------------------------  ----------------------------------------------- 
 f)    Place of the transaction             Off-Market 
      -----------------------------------  ----------------------------------------------- 
 
 
 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 
      -----------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                            ----------------------  --------------- 
                                             Price(s)                Volume(s) 
                                            ----------------------  --------------- 
    800.0 pence                                                      82,930 
   ---------------------------------------------------------------  --------------- 
 
 d)    Aggregated information               Single transaction as in 4 c) above 
 
 e)    Date of the transaction              26-05-2021 
      -----------------------------------  ------------------------------------------ 
 f)    Place of the transaction             London Stock Exchange, AIM, XLON 
      -----------------------------------  ------------------------------------------ 
 

Enquiries:

Polar Capital

Gavin Rochussen / John Mansell / Neil Taylor

[phone]

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May 26, 2021 12:35 ET (16:35 GMT)