Polar Capital Holdings PLC Director/PDMR Shareholding (1457G)
19 Julio 2019 - 5:51AM
UK Regulatory
TIDMPOLR
RNS Number : 1457G
Polar Capital Holdings PLC
19 July 2019
19 July 2019
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.
On 18 July 2019, being the second anniversary of the grant of
the Award, 267,656 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 second release of ordinary shares under the Award.
This sale occurred over two days, with 115,000 shares sold at 576p
on 18 July 2019, and 30,000 shares sold at 576p on 19 July 2019.
The balance of 122,656 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 267,656
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
- Aggregated volume 267,656
- Price Nil
e) Date of the transaction 18-07-2019
------------------------------------- -----------------------------------------------
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)
------------------------- -----------------
576.0 pence 115,000
------------------------------------------------------------------ -----------------
d) Aggregated information Single transaction as in 4 c) above
- Aggregated volume 115,000
- Price 576.0 pence
e) Date of the transaction 18-07-2019
----------------------------------- -----------------------------------------------
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)
------------------------- -----------------
576.0 pence 30,000
------------------------------------------------------------------ -----------------
d) Aggregated information Single transaction as in 4 c) above
- Aggregated volume 30,000
- Price 576.0 pence
e) Date of the transaction 19-07-2019
----------------------------------- -----------------------------------------------
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
Guy Wiehahn
Andrew Buchanan
Tel: +44 (0)20 7418 8893
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END
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July 19, 2019 06:51 ET (10:51 GMT)
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