TIDMPOLR

RNS Number : 5312M

Polar Capital Holdings PLC

21 January 2021

21 January 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 21 January 2021 that Mr Samir Ayub, a person discharging managerial responsibilities, exercised 42,000 share options at 191.0p per share under the Company's 2007 Equity Incentive Plan (the "Plan").

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 Company has issued 30,013 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise and 30,013 shares were then sold at the market price of 669p per Ordinary Share.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Samir Ayub 
      -------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                        CFO 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 
                                               2016 Equity Incentive Plan 
      -------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                             ---------------------  ----------------- 
                                              Price(s)               Volume(s) 
                                             ---------------------  ----------------- 
                                              191.0 pence            42,000 
                                             ---------------------  ----------------- 
 
 d)    Aggregated information                 Single transaction as in 4 c) above 
 
  - Aggregated volume                         42,000 
 
       - Price                                191.0 pence 
 
 e)    Date of the transaction                21-01-2021 
      -------------------------------------  ------------------------------------------ 
 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              Acquisition of Shares 
      -------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                             ---------------------  ----------------- 
                                              Price(s)               Volume(s) 
                                             ---------------------  ----------------- 
                                              191.0 pence            30,013 
                                             ---------------------  ----------------- 
 
 d)    Aggregated information                 Single transaction as in 4 c) above 
 
  - Aggregated volume                         30,013 
 
  - Price                                     191.0 pence 
 
 e)    Date of the transaction                21-01-2021 
      -------------------------------------  ------------------------------------------ 
 f)    Place of the transaction               London Stock Exchange, AIM, XLON 
      -------------------------------------  ------------------------------------------ 
 
 
 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) 
                                              ---------------------  ---------------- 
    669.0 pence                                                       30,013 
   ----------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information                 Single transaction as in 4 c) above 
 
  - Aggregated volume                    30,013 
 
  - Price                                669.0 pence 
 
 e)    Date of the transaction                21-01-2021 
      -------------------------------------  ------------------------------------------ 
 f)    Place of the transaction               London Stock Exchange, AIM, XLON 
      -------------------------------------  ------------------------------------------ 
 

Enquiries:

Polar Capital

Neil Taylor

+44 (0)207 227 2700

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January 22, 2021 02:00 ET (07:00 GMT)

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