Last checked at 5 Jul 2013 15:20
5 July 2013
Polar Capital Holdings plc
("Polar Capital" or the "Company")
Grant of Options
Polar Capital announces that on 4 July the Board approved the grant of options over Ordinary Shares of 2.5 pence each in the Company ("Ordinary Shares") to Mr Tim Woolley, Chief Executive Officer of the Company and to Mr John Mansell, Chief Financial Officer of the Company. The options were granted in respect of the Company's performance to 31 March 2013.
Mr Woolley was granted 500,000 options with an exercise price of 388 pence per Ordinary Share. These options become exercisable from 4 July 2017 and will expire on 4 July 2023. Following this grant, Mr Woolley holds 6,000,000 Ordinary Shares (representing approximately 7.25% of the current issued Ordinary Shares) and has options over 2,100,000 Ordinary Shares (representing approximately 2.53% of the current issued Ordinary Shares).
Mr Mansell was granted 350,000 options with an exercise price of 388 pence per Ordinary Share. These options become exercisable from 4 July 2017 and will expire on 4 July 2023. Following this grant, Mr Mansell holds beneficial and non-beneficial interests in 1,872,000 Ordinary Shares (representing approximately 2.26% of the current issued Ordinary Shares) and has options over 1,700,000 Ordinary Shares (representing approximately 2.05% of the current issued Ordinary Shares).
For further information, please contact:
Polar Capital Holdings plc | +44 (0)20 7227 2700 |
Tim Woolley, Chief Executive Officer | |
John Mansell, Chief Financial Officer | |
Canaccord Genuity Limited | +44 (0)20 7523 8000 |
Simon Bridges, Cameron Duncan | |
FTI Consulting | +44 (0)20 7269 7132 |
Ed Gascoigne-Pees, Jack Hickey |