18 July 2017
Polar Capital Holdings PLC
Surrender of Share Option Award by a Director
Polar Capital Holdings PLC (the "Company") announces that today Tim Woolley, has surrendered for no consideration, in full, a market value share option granted to him on 4 July 2013 under the Company's 2007 Executive Incentive Plan (the "Plan") over 500,000 ordinary shares in the Company ("Ordinary Shares") at an exercise price per Ordinary Share of 388p.
Mr Woolley continues to hold share options as follows:
Grant date |
Shares under option |
Option price |
Earliest exercise date |
Last exercise date |
Market value of shares at grant date |
20/12/2010 |
1,000,000 |
145.0p |
31/03/2014 |
20/12/2020 |
145.0p |
27/06/2011 |
600,000 |
191.7p |
27/06/2015 |
27/06/2021 |
191.7p |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Tim Woolley |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive Officer/Director |
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 |
N/A |
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 |
Option to subscribe for Ordinary Shares of 2.5p each |
|
|
Identification code |
N/a |
|
|
b) |
Nature of the transaction |
Surrender of share option |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
388.0pence |
500,000 |
|
|
|
|
|
|
d) |
Aggregated information |
Single transaction as in 4 c) above |
|
|
- Aggregated volume |
500,000 |
|
|
- Price |
388.0 pence |
|
|
e) |
Date of the transaction |
18-07-2017 |
f) |
Place of the transaction |
Off market |
Enquiries:
Polar Capital Holdings PLC Tom Bartlam (Chairman)
John Mansell (COO) |
+44 (0)20 7227 2700 |
Canaccord Genuity - Nomad and Joint Broker Simon Bridges (QE) Andrew Buchanan |
+44 (0)20 7523 8000 |
Peel Hunt - Joint Broker Guy Wiehahn |
+44 (0)20 7418 8893 |
Camarco - PR Advisers Ed Gascoigne-Pees |
+44 (0)20 3757 4984 |
