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Director/PDMR Shareholding

21st Jul 2025 12:38

RNS Number : 9049R
Polar Capital Holdings PLC
21 July 2025
 

21 July 2025

 

Polar Capital Holdings plc ("Polar Capital" or the "Company")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Vesting of 2022 Executive Long Term Incentive Plan ("LTIP")

16 July 2025 was the third anniversary of grant, and the vesting date of the 2022 Executive LTIP awards granted to Gavin Rochussen, Samir Ayub, Iain Evans, Alexander Black and Nicholas Farren. Details of the original grant on 16 July 2022 are contained in RNS No. 3288T.

The terms of the LTIP award provided for vesting in full on the third anniversary of grant, with the award being subject to a two-year holding period. 

The LTIP awards vested at 28.5%, with full details available in the 2025 Annual Report.

The following table provides details of the vesting and release date of the awards:

PDMR

Vested Shares -

16 July 2025

Shares sold to cover tax

Net Shares to be released after the holding period on 16 July 2027

Gavin Rochussen

Chief Executive Officer

55,595

30,716

24,879

Samir Ayub

Chief Finance Officer

28,874

15,953

12,921

Iain Evans

Global Head of Distribution

31,762

17,549

14,213

Alexander Black

Chief Investment Officer

31,762

17,549

14,213

Nicholas Farren

Chief Operations Officer

25,987

14,358

11,629

 

Vesting of 2022 Other Long Term Incentive Plan ("Other LTIP")

16 July 2025 was the third anniversary of grant, and the vesting date of the 2022 Other LTIP award granted to Boura Kym Tomlinson Cann.

The terms of the Other LTIP award provided for vesting in full on the third anniversary of grant.

The following table provides details of the vesting and release of the award:

PDMR

Vested Shares -

16 July 2025

Shares sold to cover tax

Net Shares to be released

Boura Kym Tomlinson Cann

Chief Legal and Compliance Officer

45,783

25,295

20,488

 

First Vesting of the 2024 Senior Manager Replacement Award

16 July 2025 was the first anniversary of grant, and the first vesting date of the 2024 Senior Manager Replacement award granted to Michael Catlin, Rachel Stynes and Tracey Lago.

The terms of the Replacement award provide for vesting in equal tranches on the first and second anniversaries of grant, subject to continued employment.

The following table provides details of the vesting and release of the awards:

PDMR

First Vesting -

16 July 2025

Shares sold to cover tax

Net Shares to be released

Michael Catlin

Chief Technology Officer

5,000

2,763

2,237

Rachel Stynes

Head of Human Resources

2,500

1,381

1,119

Tracey Lago

Group Company Secretary

2,000

1,105

895

 

 

Individual PDMR Transaction Details:

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Gavin Rochussen

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

55,595

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

16/07/2025

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

 

Chief Executive Officer

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

30,716

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Samir Ayub

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

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 the 2022 Executive LTIP award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

28,874

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Samir Ayub

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

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 the 2022 Executive LTIP award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

15,953

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025 

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Iain Evans

2

 

Reason for the notification

 

a)

 

Position/status

 

Global Head of Distribution

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

31,762

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Iain Evans

2

 

Reason for the notification

 

a)

 

Position/status

 

Global Head of Distribution

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

17,549

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Alexander Black

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Investment Officer

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

31,762

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Alexander Black

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Investment Officer

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

17,549

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nicholas Farren

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Operating Officer

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 the 2022 Executive LTIP award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

25,987

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nicholas Farren

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Operating Officer

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 the 2022 Executive LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

14,358

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Boura Kym Tomlinson Cann

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Legal and Compliance Officer

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 the 2022 Other LTIP award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

45,783

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Boura Kym Tomlinson Cann

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Legal and Compliance Officer

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 the 2022 Other LTIP Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

25,295

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Michael Catlin

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Technology Officer

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 fifty percent of the 2024 Senior Manager Replacement award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,000

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Michael Catlin

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Technology Officer

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 fifty percent of the 2024 Senior Manager Replacement Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

2,763

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Rachel Stynes

2

 

Reason for the notification

 

a)

 

Position/status

 

Head of Human Resources

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 fifty percent of the 2024 Senior Manager Replacement award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

2,500

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Rachel Stynes

2

 

Reason for the notification

 

a)

 

Position/status

 

Head of Human Resources

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 fifty percent of the 2024 Senior Manager Replacement Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

1,381

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Tracey Lago

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Company Secretary

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 fifty percent of the 2024 Senior Manager Replacement award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

2,000

e)

 

Date of the transaction

 

16/07/2025

f)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Tracey Lago

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Company Secretary

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 fifty percent of the 2024 Senior Manager Replacement Award

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

473.3086p

1,105

 

 

d)

 

Aggregated information

Single transaction as in 4 c) above

e)

 

Date of the transaction

 

17/07/2025

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

Enquiries:

 

Polar Capital

Gavin Rochussen (Chief Executive Officer)

Samir Ayub (Chief Financial Officer)

+44 (0)20 7227 2700

Deutsche Numis - Nomad and Joint Broker

Giles Rolls

Charles Farquhar

+44 (0)20 7260 1000

 

Peel Hunt LLP - Joint Broker

Andrew Buchanan

Oliver Jackson

+44 (0)20 3597 8680

 

 

Camarco - PR

Ed Gascoigne-Pees

Jennifer Renwick

Phoebe Pugh

+44 (0)20 3757 4980

 

 

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