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18 Jul 2018 16:21
18 July 2018
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
Mr Rochussen, on his appointment as chief executive on 17 July 2017, joined the Company's Executive Incentive Plan and was awarded a deferred, forfeitable interest in 802,967 ordinary shares of the Company (the "Award").
The terms of the Award provide for the release of one-third of the shares on the first, second and third anniversary of its granting.
On the 18th July, being the first anniversary of the grant of the Award, 267,656 ordinary shares in the Company were transferred from the Polar Capital Employee Benefit Trust to Mr Rochussen at nil cost. Of these, 145,000 ordinary shares of the Company were sold in order to raise funds to meet the tax liability linked to this first release of ordinary shares under the Award, with the balance of 122,656 ordinary shares being transferred to Mr Rochussen.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Gavin Rochussen | |||
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
| Acquisition of an interest in the shares of the Company on vesting of one third of initial share award | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 267,656 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 267,656 | ||||
- Price | Nil
| ||||
e)
| Date of the transaction
| 18-07-2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Gavin Rochussen | |||
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
| Sale of shares of the Company on vesting of one third of initial share award | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
681.00 pence | 145,000 | ||||
| |||||
d)
| Aggregated information | Single transaction as in 4 c) above | |||
- Aggregated volume | 145,000 | ||||
- Price | 681.00 pence
| ||||
e)
| Date of the transaction
| 18-07-2018 | |||
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 (QE) / Andrew Buchanan / Margarita Mitropoulou
+44 (0)207 523 8000
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