Last checked at 26 May 2021 17:35
26 May 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 26 May 2021 that Mr Nicholas Farren, a person discharging managerial responsibilities, exercised two share option awards under the Company's 2007 Equity Incentive Plan (the "Plan") as follows:
· 75,000 share options from share options granted in June 2012 at 191.0p per share
· 50,000 share options from share options granted in July 2013 at 386.6p per share
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 82,930 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise to Mr Farren and all the shares were then sold at the market price of 800p per Ordinary Share.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nicholas Farren
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| COO and person discharging managerial responsibilities | |||
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
| Exercise of Share Options under the 2007 Equity Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
191.0 pence | 75,000
| ||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
e)
| Date of the transaction
| 26-05-2021 | |||
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 financial instrument, type of instrument | Ordinary Shares of 2.5p each | |||
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) | ||||
386.6 pence | 50,000 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
e)
| Date of the transaction
| 26-05-2021 | |||
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 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) | ||||
Price(s) | Volume(s) | ||||
800.0 pence | 82,930 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
e)
| Date of the transaction
| 26-05-2021 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM, XLON | |||
Enquiries:
Polar Capital
Gavin Rochussen / John Mansell / Neil Taylor
+44 (0)207 227 2700