TIDMPOLR

RNS Number : 1523H

Polar Capital Holdings PLC

02 August 2021

2 August 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 29 July 2021 that Mr Iain Evans, a person discharging managerial responsibilities, exercised a 100,000 share options at 426.75p per share under the Company's 2016 Executive 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 Employee Benefit Trust (EBT) transferred 51,516 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, 28,123 shares were then sold at the market price of 880.20p per Ordinary Share, the balance of 23,393 shares has been retained by Mr Iain Evans.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                Iain Evans 
      ----------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                     Head of Global Distribution 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 2007 
                                            Equity Incentive Plan 
      ----------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                           --------------------------  ---------------- 
                                            Price(s)                    Volume(s) 
                                           --------------------------  ---------------- 
    426.75 pence                                                        100,000 
   ------------------------------------------------------------------  ---------------- 
 d)    Aggregated information              Single transaction as in 4 c) above 
 
 e)    Date of the transaction             29-07-2021 
      ----------------------------------  ----------------------------------------------- 
 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            Sale of Shares 
      -----------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                            ----------------------  --------------- 
                                             Price(s)                Volume(s) 
                                            ----------------------  --------------- 
    880.2 pence                                                      28,123 
   ---------------------------------------------------------------  --------------- 
 
 d)    Aggregated information               Single transaction as in 4 c) above 
 
 e)    Date of the transaction              29-07-2021 
      -----------------------------------  ------------------------------------------ 
 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 
                                      Andrew Buchanan 
                                      Rishi Shah 
                                      Tel: +44 (0)20 7418 8893 
 

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END

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August 02, 2021 02:00 ET (06:00 GMT)

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