Polar Capital Holdings PLC Director/PDMR Shareholding (6352S)
11 March 2023 - 2:17AM
UK Regulatory
TIDMPOLR
RNS Number : 6352S
Polar Capital Holdings PLC
10 March 2023
10 March 2023
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 that on 10 March 2023 that Mr. Samir
Ayub, Finance Director, exercised a share option over 100,000
shares at an option price of 386.6p per share granted under the
Company's Equity Inventive Plan (the "Plan"). This award had been
made in 2013 and was nearing the end of its a ten-year life which
expires on 1 July 2023.
On the same date Mr Samir Ayub exercised a further share option
over 75,000 shares at an option price of 3.15p per share granted
under the Plan in 2016.
The options were exercised in accordance with the rules of the
Plan and, where permitted, by the use of the provisions relating to
Equity Settled Share Appreciation Rights ('ESARS'). The use of the
ESARS provisions allows 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 have needed to be sold to fund the purchase of that
number of shares on the exercise date.
The Employee Benefit Trust (EBT) transferred 54,218 ordinary
shares of 2.5p each ("Ordinary Shares") to Mr. Ayub in full
satisfaction of the two options exercised and all the shares were
then sold at the market price of 490.85p per Ordinary Share.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Samir Ayub
---------------------------------- -----------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Finance Director
---------------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Polar Capital Holdings plc
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b) LEI 549300OXX7YE1947B825
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Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Exercise of share option
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------- --------------
386.60p 100,000
---------------------- --------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 10/03/2023
f) Place of the transaction Off-Market
---------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------- --------------
490.85 pence 21,238
---------------------- --------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 10/03/2023
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Exercise of share option
c) Price(s) and volume(s) Price(s) Volume(s)
------------------ ------------------
315.0p 75,000
------------------ ------------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 1 0/ 03/2023
f) Place of the transaction Off-Market
------------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
Identification code GB00B1GCLT25
b) Nature of the transaction Sale of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------- --------------
490.85 pence 32,980
--------------------------------------------------------------- --------------
d) Aggregated information Single transaction as in 4 c) above
e) Date of the transaction 10/03/2023
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ------------------------------------------
Enquiries:
Polar Capital
Samir Ayub / Neil Taylor
+44 (0)207 227 2700
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