TIDMPOLR
RNS Number : 6602F
Polar Capital Holdings PLC
19 July 2021
19 July 2021
Polar Capital Holdings plc ("Polar Capital" or the
"Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
On 16 July 2018 Gavin Rochussen, John Mansell and Iain Evans
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. 7916U.
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 diluted total
EPS for the year ended 31 March 2021.
The third anniversary of this award was on 16 July 2021.
The adjusted diluted total EPS for the 2020/21 financial year
was 62.2p and as this exceeded the stretch target of 49p, the
awards will vest in full.
A holding period will apply to the first two tranches of the
awards, thereby creating a five year gap between the grant of the
award and potential release or sale of any shares, except any sales
required to cover tax and national insurance liabilities.
The following table provides details of the vesting of the
awards:
Name Title 2018 LTIP Award Shares vested on Shares vested on Shares vested on
16 July 2021 16 July 2022 16 July 2023
(100% vesting) (1(st) Vesting (2(nd) Vesting (3(rd) Vesting
Date) Date) Date)
Chief Executive
Gavin Rochussen Officer 233,918 77,972 77,972 77,974
-------------------- ---------------- ------------------ ------------------ -------------------
John Mansell Executive Director 131,578 43,859 43,859 43,860
-------------------- ---------------- ------------------ ------------------ -------------------
Global Head of
Iain Evans Distribution 87,719 29,239 29,239 29,241
-------------------- ---------------- ------------------ ------------------ -------------------
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:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gavin Rochussen
------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------- -----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 77,972
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2021
------------------------------------- -----------------------------------------------
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 Chief Executive Officer
------------------------------------- ----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
879.11p 42,885
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2021
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM, XLON
------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Mansell
------------------------------------- -----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 43,859
----------------------------------------------------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2021
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Mansell
------------------------------------- ----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
879.11p 24,122
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2021
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM, XLON
------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Iain Evans
------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- -----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil 29,239
----------------------------------------------------------------- --------------------
e) Date of the transaction 16-07-2021
------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Iain Evans
------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------------- ----------------------------------------------
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 the 2018 LTIP Award
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
879.11p 16,081
--------------------- --------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 16-07-2021
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM, XLON
------------------------------------- ----------------------------------------------
Enquiries:
Polar Capital +44 (0)20 7227 2700
Gavin Rochussen (Chief Executive)
John Mansell (Executive Director)
Samir Ayub (Finance Director)
Numis Securities Limited - Nomad and Joint Broker +44 (0)20 7260 1000
Charles Farquhar
Stephen Westgate
Kevin Cruickshank (QE)
Peel Hunt LLP - Joint Broker +44 (0)20 3597 8680
Andrew Buchanan
Rishi Shah
Camarco +44 (0)20 7757 4995
Ed Gascoigne-Pees
Jennifer Renwick
Monique Perks
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END
DSHVKLBFFDLEBBX
(END) Dow Jones Newswires
July 19, 2021 04:55 ET (08:55 GMT)
Polar Capital (LSE:POLR)
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