Polar Capital Holdings PLC Director/PDMR Shareholding (3052C)
19 January 2018 - 1:57AM
UK Regulatory
TIDMPOLR
RNS Number : 3052C
Polar Capital Holdings PLC
18 January 2018
18 January 2018
Polar Capital Holdings plc ("Polar Capital" or the "Group")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
On 17 January 2018 Mr Tim Woolley, Non-Executive Director,
exercised 227,365 share options under Polar Capital's 2007 Equity
Inventive Plan (the "Plan"). Polar Capital has issued 163,720
Ordinary Shares in satisfaction of the options, all of which were
then sold at a market price of 518p per Ordinary Share.
Mr Woolley no longer holds any share options under the Plan. He
continues to hold shares as follows:
Ordinary Shares
5,000,000 Ordinary Shares representing approximately 5.36% of
the Group's issued share capital.
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------------
a) Name Tim Woolley
---- ------------------------------------ ----------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---- ------------------------------------ ----------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------------ ----------------------------------------
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 Ordinary Shares of 2.5p each
financial instrument,
type of instrument
----
Identification code GB00B1GCLT25
b) Nature of the transaction Exercise of Share Options under the
Equity Incentive Plan
---- ------------------------------------ ----------------------------------------
c) Price(s) and volume(s)
---- --------------------- ---------------
Price(s) Volume(s)
---- --------------------- ---------------
145.00 pence 227,365
--------------------- ---------------
d) Aggregated information Single transaction as in 4 c) above
----
- Aggregated volume 227,365
- Price 145.00 pence
e) Date of the transaction 17-01-2018
---- ------------------------------------ ----------------------------------------
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 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)
---- --------------------- ---------------
518.00 pence 163,720
--------------------- ---------------
d) Aggregated information Single transaction as in 4 c) above
----
- Aggregated volume 163,720
- Price 518.00 pence
e) Date of the transaction 17-01-2018
---- ------------------------------------ ----------------------------------------
f) Place of the transaction London Stock Exchange, AIM, XLON
---- ------------------------------------ ----------------------------------------
The Group was also notified on 17 January 2018 that Mr Brian
Ashford-Russell, a Non-Executive Director of Polar Capital, sold
375,000 Ordinary Shares from his personal holding at 518.00p per
share. Following this transaction Mr Ashford-Russell is interested
in a total of 5,450,000 Ordinary Shares representing approximately
5.84% of the Group's issued share capital. This holding consists of
the following:
Prior to Transaction After Transaction
No. of Shares % Voting Rights No. of Shares % Voting Rights
Brian Ashford-Russell 4,775,000 5.14% 4,400,000 4.71%
Fenella Ashford Russell 800,000 0.86% 800,000 0.86%
ADFAL Trust 250,000 0.27% 250,000 0.27%
Total 5,825,000 6.27% 5,450,000 5.84%
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------------------
a) Name Brian Ashford-Russell
---- ------------------------------------ ------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------
a) Position/status Non-executive Director
---- ------------------------------------ ------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------------ ------------------------------------------
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 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)
---- ---------------------- ---------------
518.00 pence 375,000
---------------------------------------------------------------- ---------------
d) Aggregated information Single transaction as in 4 c) above
----
- Aggregated volume 375,000
- Price 518 pence
e) Date of the transaction 17-01-2018
---- ------------------------------------ ------------------------------------------
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 / Andrew Buchanan
+44 (0)207 523 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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