Last checked at 11 Mar 2014 10:44
AMENDMENT TO DIRECTORS' DEALINGS ANNOUNCEMENT
The following amendment has been made to the 'Directors' Dealings' announcement released on 6 March 2014 at 4:48pm under RNS No 7387B.
In the table containing the list of Directors' interests, the figure for Tim Woolley's Beneficial holding of Ordinary Shares following his sale was stated as 6,000,000. The correct figure is 5,500,000.
All other details remain unchanged.
The full amended text is shown below.
6 March 2014
Polar Capital Holdings plc ("Polar Capital" or the "Company")
Directors' Dealings
The Company was notified on 5 March 2014 that Mr John Mansell, Chief Financial Officer and a Director of the Company, exercised a share option ("Share Option") over 500,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an exercise price of 91.5p per share and via a cashless exercise sold all the resulting shares at a price of 475.0p per share.
The Company was also notified on 5 March 2014 that Mr Tim Woolley, Chief Executive Officer and a Director of the Company, sold 500,000 Ordinary Shares at a price of 475.0p per share.
The Company was also notified on 5 March 2014 that Mr Brian Ashford-Russell, a Non-executive Director of the Company, sold 400,000 Ordinary Shares at a price of 475.0p per share.
Following this transaction Mr Mansell, Mr Woolley and Mr Ashford-Russell have the following interests in Ordinary Shares of the Company:
Name of Director | Number of Share Options | Exercise price of Share Options | Date exercisable | Beneficial holding of Ordinary Shares | Non-beneficial holding of Ordinary Shares |
John Mansell | 500,000 | 91.5p | 166,667 immediately; in full from 31 March 2014 | - | - |
John Mansell | 350,000 | 197.5p | In full from 26 July 2015 | - | - |
John Mansell | 350,000 | 388.0p | In full from 4 July 2017 | - | - |
John Mansell | - | - | - | 1,712,000 | 160,000 |
Tim Woolley | 1,000,000 | 145.0p | 660,000 immediately; in full from 31 March 2014 | - | - |
Tim Woolley | 600,000 | 191.7p | In full from 26 June 2015 | - | - |
Tim Woolley | 500,000 | 388.0p | In full from 4 July 2017 | - | - |
Tim Woolley | - | - | - | 5,500,000 | - |
Brian Ashford-Russell | - | - | - | 6,350,000 | 250,000 |
There are no performance conditions relating to the Share Options held by Mr Mansell and Mr Woolley. The Share Options held by Mr Mansell and Mr Woolley are subject to the requirement that the holder must be employed by the Company on the relevant vesting date subject to certain good leaver situations. The Share Options will lapse on the 10th anniversary following the date of grant and have been issued in accordance with the provisions relating to the Equity Settled Share Appreciation Rights under the rules of the Polar Capital Equity Incentive Plan. The Share Options permit 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 be needed to be sold to fund the purchase of that number of shares on the exercise date.
Enquiries:
Polar Capital
John Mansell / Neil Taylor
+44 (0)207 227 2700
Canaccord Genuity (Nomad)
Simon Bridges / Cameron Duncan
+44 (0)207 523 8000