Last checked at 18 Jan 2018 14:57
18 January 2018
Polar Capital Holdings plc ("Polar Capital" or the "Group")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
On 17 January 2018 Mr Tim Woolley, Non-Executive Director, exercised 227,365 share options under Polar Capital's 2007 Equity Inventive Plan (the "Plan"). Polar Capital has issued 163,720 Ordinary Shares in satisfaction of the options, all of which were then sold at a market price of 518p per Ordinary Share.
Mr Woolley no longer holds any share options under the Plan. He continues to hold shares as follows:
Ordinary Shares
5,000,000 Ordinary Shares representing approximately 5.36% of the Group's issued share capital.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tim Woolley
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2
| Reason for the notification
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a)
| Position/status
| Non-Executive Director | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
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 instrument, type of instrument | Ordinary Shares of 2.5p each | |||
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Identification code | GB00B1GCLT25 | ||||
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b)
| Nature of the transaction
| Exercise of Share Options under the Equity Incentive Plan | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 145.00 pence | 227,365 |
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d)
| Aggregated information | Single transaction as in 4 c) above | |||
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- Aggregated volume | 227,365 | ||||
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- Price | 145.00 pence
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e)
| Date of the transaction
| 17-01-2018 | |||
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 financial instrument, type of instrument | Ordinary Shares of 2.5p each | |||
|
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Identification code | GB00B1GCLT25 | ||||
|
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b)
| Nature of the transaction
| Sale of Shares | |||
c)
| Price(s) and volume(s) |
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|
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| Price(s) | Volume(s) |
| |
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| 518.00 pence | 163,720 |
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|
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d)
| Aggregated information | Single transaction as in 4 c) above | |||
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- Aggregated volume | 163,720 | ||||
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- Price | 518.00 pence
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e)
| Date of the transaction
| 17-01-2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM, XLON | |||
The Group was also notified on 17 January 2018 that Mr Brian Ashford-Russell, a Non-Executive Director of Polar Capital, sold 375,000 Ordinary Shares from his personal holding at 518.00p per share. Following this transaction Mr Ashford-Russell is interested in a total of 5,450,000 Ordinary Shares representing approximately 5.84% of the Group's issued share capital. This holding consists of the following:
Prior to Transaction After Transaction
No. of Shares % Voting Rights No. of Shares % Voting Rights
Brian Ashford-Russell 4,775,000 5.14% 4,400,000 4.71%
Fenella Ashford Russell 800,000 0.86% 800,000 0.86%
ADFAL Trust 250,000 0.27% 250,000 0.27%
Total 5,825,000 6.27% 5,450,000 5.84%
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Brian Ashford-Russell
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-executive Director | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
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 instrument, type of instrument | Ordinary Shares of 2.5p each | |||
|
| ||||
Identification code | GB00B1GCLT25 | ||||
|
| ||||
b)
| Nature of the transaction
| Sale of Shares | |||
c)
| Price(s) and volume(s) |
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|
|
|
| Price(s) | Volume(s) |
| |
|
| 518.00 pence | 375,000 |
| |
|
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|
| |
d)
| Aggregated information | Single transaction as in 4 c) above | |||
|
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- Aggregated volume | 375,000 | ||||
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- Price | 518 pence
| ||||
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e)
| Date of the transaction
| 17-01-2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM, XLON | |||
Enquiries:
Polar Capital
John Mansell / Neil Taylor
+44 (0)207 227 2700
Canaccord Genuity (Nomad and Joint Broker)
Simon Bridges / Andrew Buchanan
+44 (0)207 523 8000