Polar Capital Holdings PLC Director/PDMR Shareholding (8806F)
20 Julio 2021 - 10:15AM
UK Regulatory
TIDMPOLR
RNS Number : 8806F
Polar Capital Holdings PLC
20 July 2021
20 July 2021
Polar Capital Holdings plc ("Polar Capital" or the
"Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)/Persons Closely Associated (PCAs) in
accordance with the Market Abuse Regulations
Polar Capital announces the grant of conditional share awards
over ordinary shares of 2.5 pence each in Polar Capital Holdings
PLC ("Awards") on 16 July 2021 to the following Directors and PDMRs
of the Company in accordance with the rules of the 2016 Executive
Incentive Plan.
D irector / PDMR Position No. of shares
under A ward
G avin Rochussen Chief E xecutive Officer 191,677
Iain Evans Global Head of Distribution 93,401
Alexander Black Chief Investment Officer 92,234
S amir Ayub F inance Director 47,919
N icholas Farren C hief Operating Officer 47,919
Vesting of the Awards is subject to continued employment and
performance based on the following measures:
- 45% of each Award is subject to a performance condition
relating to the performance of the Company's total shareholder
return relative to the constituents of the FTSE 250 Index
(excluding investment trusts) as at the Grant Date.
- 45% of each Award is subject to a performance condition
requiring the Company's core adjusted diluted earnings per share to
achieve a pre-set level for the financial year 2023/24 (the end of
three financial years commencing on 1 April 2021).
- The remaining 10% of each Award is subject to a performance
condition based on the aggregate performance fee profits for the
three financial years commencing on 1 April 2021.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gavin Rochussen
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 2.5 pence each in
instrument, type of Polar Capital Holdings PLC
instrument
------------------------------- ----------------------------------------------
Identification code GB00B1GCLT25
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Company's
2016 Executive Incentive Plan as a
conditional award. Subject to performance
over 3 years and continued service,
the award normally b egins to vest
after 3 years. One third of the v ested
shares may be released to the individual
on the third, fourth and fifth anniversaries
of the award date. The Net Vested Shares
(as defined in the EIP Rules) are subject
to a holding period and may not be
sold until the fifth anniversary of
the award date.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 191,677
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 16 July 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 Notification
-------------------------------------------------------------------------------
a) Position/status Global Head of Distribution
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 2.5 pence each in
instrument, type of Polar Capital Holdings PLC
instrument
------------------------------- ----------------------------------------------
Identification code GB00B1GCLT25
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Company's
2016 Executive Incentive Plan as a
conditional award. Subject to performance
over 3 years and continued service,
the award normally b egins to vest
after 3 years. One third of the v ested
shares may be released to the individual
on the third, fourth and fifth anniversaries
of the award date. The Net Vested Shares
(as defined in the EIP Rules) are subject
to a holding period and may not be
sold until the fifth anniversary of
the award date.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 93,401
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 16 July 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alexander Black
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Investment Officer
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 2.5 pence each in
instrument, type of Polar Capital Holdings PLC
instrument
------------------------------- ----------------------------------------------
Identification code GB00B1GCLT25
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Company's
2016 Executive Incentive Plan as a
conditional award. Subject to performance
over 3 years and continued service,
the award normally b egins to vest
after 3 years. One third of the v ested
shares may be released to the individual
on the third, fourth and fifth anniversaries
of the award date. The Net Vested Shares
(as defined in the EIP Rules) are subject
to a holding period and may not be
sold until the fifth anniversary of
the award date.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 92,234
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 16 July 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Samir Ayub
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 2.5 pence each in
instrument, type of Polar Capital Holdings PLC
instrument
------------------------------- ----------------------------------------------
Identification code GB00B1GCLT25
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Company's
2016 Executive Incentive Plan as a
conditional award. Subject to performance
over 3 years and continued service,
the award normally b egins to vest
after 3 years. One third of the v ested
shares may be released to the individual
on the third, fourth and fifth anniversaries
of the award date. The Net Vested Shares
(as defined in the EIP Rules) are subject
to a holding period and may not be
sold until the fifth anniversary of
the award date.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 47,919
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 16 July 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicholas Farren
------------------------------- ----------------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 2.5 pence each in
instrument, type of Polar Capital Holdings PLC
instrument
------------------------------- ----------------------------------------------
Identification code GB00B1GCLT25
------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of an award under the Company's
2016 Executive Incentive Plan as a
conditional award. Subject to performance
over 3 years and continued service,
the award normally b egins to vest
after 3 years. One third of the v ested
shares may be released to the individual
on the third, fourth and fifth anniversaries
of the award date. The Net Vested Shares
(as defined in the EIP Rules) are subject
to a holding period and may not be
sold until the fifth anniversary of
the award date.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 47,919
----------
------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ----------------------------------------------
e) Date of the transaction 16 July 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
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
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(END) Dow Jones Newswires
July 20, 2021 11:15 ET (15:15 GMT)
Polar Capital (LSE:POLR)
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