Last checked at 23 Oct 2017 14:19
23 October 2017
Polar Capital Holdings plc ("Polar Capital" or the "Group")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
On 20 October 2017 Mr Tim Woolley, Non-Executive Director, exercised 1,372,635 share options under the Company's 2007 Equity Inventive Plan (the "Plan"). The Company issued 868,073 Ordinary Shares in satisfaction of the options, all of which were then sold at a market price of 450p per Ordinary Share.
Mr Woolley continues to hold shares and share options as follows:
Ordinary Shares
5,000,000 Ordinary Shares representing approximately 5.39% of the Group's issued share capital.
Share Options
Grant date | Shares under option | Option price | Earliest exercise date | Last exercise date | Market value of shares at grant date |
20/12/2010 | 227,365 | 145.0p | 31/03/2014 | 20/12/2020 | 145.0p |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Tim Woolley
| |||
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
| Exercise of Share Options under the Equity Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
145.00 pence | 772,635 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 772,635 | ||||
- Price | 145.00 pence
| ||||
e)
| Date of the transaction
| 20-10-2017 | |||
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 Equity Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
191.70 pence | 600,000 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 600,000 | ||||
- Price | 191.70 pence
| ||||
e)
| Date of the transaction
| 20-10-2017 | |||
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) | ||||
450.00 pence | 868,073 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 868,073 | ||||
- Price | 450.00 pence
| ||||
e)
| Date of the transaction
| 20-10-2017 | |||
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