Last checked at 28 Jan 2019 17:30
28 January 2019
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 28 January 2019 that Mr John Mansell, Executive Director, exercised 500,000 share options under the Company's 2007 Equity Inventive Plan (the "Plan"). This was an exercise of share options granted to Mr Mansell in January 2010, which would have lapsed on 22 January 2020.
The Company has issued 398,783 ordinary shares of 2.5p each ("Ordinary Shares") in full satisfaction of the option exercise, all of which were then sold at the market price of 452p per Ordinary Share.
Following this transaction Mr Mansell continues to hold an interest in the Company's shares and share options as follows:
Ordinary Shares
Ordinary Shares | Interest in Ordinary Shares held under the Company's deferment of remuneration arrangements | Total Interest in Ordinary Shares | % of the Company's issued share capital |
1,872,000 | 29,544 | 1,901,544 | 2.01% |
Share Options
Grant date | Shares under option | Option price | Earliest exercise date | Last exercise date | Market value of shares at grant date |
26/07/2011 | 350,000 | 197.50p | 26/07/2015 | 26/07/2021 | 197.50p |
04/07/2013 | 350,000 | 388.00p | 04/07/2017 | 04/07/2023 | 388.00p |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| John Mansell
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| 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 2007 Equity Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
91.50 pence | 500,000 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 500,000 | ||||
- Price | 91.50 pence
| ||||
e)
| Date of the transaction
| 28-01-2019 | |||
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) | ||||
452.00 pence | 398,783 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 398,783 | ||||
- Price | 452.00 pence | ||||
e)
| Date of the transaction
| 28-01-2019 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM, XLON | |||
Enquiries:
Polar Capital
Gavin Rochussen / John Mansell / Neil Taylor
+44 (0)207 227 2700