TIDMPOLR
RNS Number : 3329S
Polar Capital Holdings PLC
13 July 2022
13 July 2022
Polar Capital Holdings plc ("Polar Capital" or the
"Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Long Term Incentive Plans
On 11 July 2019 Gavin Rochussen, John Mansell, Iain Evans and
Alexander Black were granted awards under the Long Term Incentive
Plan ("LTIP"), as part of the Company's Equity Incentive Plan.
Details of the original grant are contained in RNS No. 6003F.
The terms of the LTIP award provide for vesting in equal
tranches on the third, fourth and fifth anniversaries of grant,
subject to continued employment and the achievement of an EPS
performance condition by reference to the adjusted total EPS for
the year ended 31 March 2022. The vesting criteria would be 50%
vesting on achievement of adjusted diluted total EPS of 41.1p; 100%
vesting on achievement of adjusted diluted total EPS of 62.2p and
above; and pro-rata straight-line vesting for an adjusted diluted
total EPS achieved between the 50% and 100% targets.
The third anniversary of this award was on 11 July 2022.
The adjusted diluted total EPS for the 2021/22 financial year
was 56.0p, which based on the pro-rata straight-line basis
described above, meant that there would be an 85% vesting of the
2019 LTIP Award.
Conditional Share Awards
On 11 July 2019, Samir Ayub and Nicholas Farren were granted
conditional awards as part of the Company's Equity Incentive Plan,
details of which are contained in RNS No. 6708F.
The terms of these conditional share awards provided for the
vesting on the third, fourth and fifth anniversaries of grant,
subject to continued employment. The third anniversary of this
award was also on 11 July 2022.
The following table provides details of the vesting of the
awards:
Name Title V esting 2019 Shares vested on Shares vested on Shares vested on
LTIP /Conditional 11 July 2022 11 July 2023 11 July 2024
Awards (1(st) Vesting (2(nd) Vesting (3(rd) Vesting
Date) Date) Date)
Chief Executive
Gavin Rochussen Officer 346,829 115,609 115,610 115,610
------------------- ------------------ ------------------ ------------------ ------------------
Samir Ayub Finance Director 10,000 3,333 3,333 3,334
------------------- ------------------ ------------------ ------------------ ------------------
John Mansell Director 174,358 58,119 58,119 58,120
------------------- ------------------ ------------------ ------------------ ------------------
Chief Investment
Alexander Black Officer 43,589 14,529 14,530 14,530
------------------- ------------------ ------------------ ------------------ ------------------
Global Head of
Iain Evans Distribution 174,358 58,119 58,119 58,120
------------------- ------------------ ------------------ ------------------ ------------------
Chief Operating
Nicholas Farren Officer 10,000 3,333 3,333 3,334
------------------- ------------------ ------------------ ------------------ ------------------
On each vesting date there will be a sale of sufficient shares
to cover tax liabilities and the remaining shares will be retained
under the holding period. These awards have been satisfied by the
release of shares from the Employee Benefit Trust to the
participants, who have established nominee accounts with the EBT
for the retention of the shares during the holding period.
Details of the first vesting and sale of shares for each PDMR is
provided below:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gavin Rochussen
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- -----------------------------------------------
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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 115,609
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gavin Rochussen
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- ----------------------------------------------
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 Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 65,351
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 conditional award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 3,333
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
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 Sale of shares of the Company on vesting
of one third of the 2019 conditional
award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 1,884
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Mansell
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status 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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 58,119
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Mansell
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status 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 Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 32,853
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alexander Black
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Investment Officer
------------------------------------- -----------------------------------------------
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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 14,529
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alexander Black
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Investment Officer
------------------------------------- ----------------------------------------------
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 Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 8,213
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Iain Evans
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- -----------------------------------------------
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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 58,119
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Iain Evans
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- ----------------------------------------------
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 Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 32,853
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
trt
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicholas Farren
------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------------- -----------------------------------------------
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 Acquisition of an interest in the shares
of the Company on vesting of one third
of the 2019 conditional award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 3,333
----------------------------------------------------------------- --------------------
e) Date of the transaction 11-07-2022
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicholas Farren
------------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------------- ----------------------------------------------
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 Sale of shares of the Company on vesting
of one third of the 2019 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
473.18p 1,884
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 11-07-2022
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
Enquiries:
Polar Capital +44 (0)20 7227 2700
Gavin Rochussen (Chief Executive)
Samir Ayub (Finance Director)
Numis Securities Limited - Nomad and Joint Broker +44 (0)20 7260 1000
Giles Rolls
Charles Farquhar
Stephen Westgate
Peel Hunt LLP - Joint Broker +44 (0)20 3597 8680
Andrew Buchanan
Camarco +44 (0)20 7757 4995
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh
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END
DSHKXLBFLDLLBBL
(END) Dow Jones Newswires
July 13, 2022 05:23 ET (09:23 GMT)
Polar Capital (LSE:POLR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Polar Capital (LSE:POLR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
