Polar Capital Holdings PLC Director/PDMR Shareholding (6352S)

TIDMPOLR

RNS Number : 6352S

Polar Capital Holdings PLC

10 March 2023

10 March 2023

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 that on 10 March 2023 that Mr. Samir Ayub, Finance Director, exercised a share option over 100,000 shares at an option price of 386.6p per share granted under the Company's Equity Inventive Plan (the "Plan"). This award had been made in 2013 and was nearing the end of its a ten-year life which expires on 1 July 2023.

On the same date Mr Samir Ayub exercised a further share option over 75,000 shares at an option price of 3.15p per share granted under the Plan in 2016.

The options were exercised in accordance with the rules of the Plan and, where permitted, by the 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 54,218 ordinary shares of 2.5p each ("Ordinary Shares") to Mr. Ayub in full satisfaction of the two options exercised and all the shares were then sold at the market price of 490.85p per Ordinary Share.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Samir Ayub 
      ----------------------------------  ----------------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------- 
 a)    Position/status                     Finance Director 
      ----------------------------------  ----------------------------------------- 
 b)    Initial notification                Initial Notification 
        /Amendment 
      ----------------------------------  ----------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                                Polar Capital Holdings plc 
      ----------------------------------  ----------------------------------------- 
 b)    LEI                                 549300OXX7YE1947B825 
      ----------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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 option 
 c)    Price(s) and volume(s)               Price(s)                Volume(s) 
                                           ----------------------  -------------- 
                                            386.60p                 100,000 
                                           ----------------------  -------------- 
 d)    Aggregated information              Single transaction as in 4 c) above 
 e)    Date of the transaction             10/03/2023 
 f)    Place of the transaction            Off-Market 
      ----------------------------------  ----------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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) 
                                           ----------------------  -------------- 
                                            490.85 pence            21,238 
                                           ----------------------  -------------- 
 d)    Aggregated information              Single transaction as in 4 c) above 
 e)    Date of the transaction             10/03/2023 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  ----------------------------------------- 
 
 
       Details of the transaction(s): section to be repeated for 
  4     (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 option 
 c)    Price(s) and volume(s)                 Price(s)            Volume(s) 
                                             ------------------  ------------------ 
                                              315.0p              75,000 
                                             ------------------  ------------------ 
 d)    Aggregated information                 Single transaction as in 4 c) above 
 e)    Date of the transaction                1 0/ 03/2023 
 f)    Place of the transaction               Off-Market 
      -------------------------------------  ---------------------------------------- 
 
 
       Details of the transaction(s): section to be repeated for 
  4     (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) 
                                           -----------------------  -------------- 
    490.85 pence                                                     32,980 
   ---------------------------------------------------------------  -------------- 
 d)    Aggregated information              Single transaction as in 4 c) above 
 e)    Date of the transaction             10/03/2023 
 f)    Place of the transaction            London Stock Exchange, AIM 
      ----------------------------------  ------------------------------------------ 
 

Enquiries:

Polar Capital

Samir Ayub / Neil Taylor

[phone]

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March 10, 2023 10:17 ET (15:17 GMT)