Director/PDMR Shareholding
Polar Capital Holdings PLC has announced the grant of conditional awards under its 2026 Executive Incentive Plan to key Persons Discharging Managerial Responsibilities (PDMRs). The Chief Executive Officer received 117,005 shares, while the Chief Financial Officer, Chief Investment Officer, and Chief Operating Officer each received 69,077, 69,077, and 58,343 shares respectively. These awards, granted on 16 July 2026, are valued based on an average share price of 899 pence and are subject to vesting conditions related to earnings per share, total shareholder return, fund inflows, and strategic progress, with a two-year holding period post-vesting.
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Polar Capital announces the grant of conditional share awards over ordinary shares of 2.5 pence each in Polar Capital Holdings PLC ("Awards") on 16 July 2026 to the following Directors and PDMRs of the Company in accordance with the rules of the 2026 Executive Incentive Plan.
| PDMR | Position | No. of shares under Award* | Type of Award |
|---|---|---|---|
| Iain Evans | Chief Executive Officer | 117,005 | Executive |
| Samir Ayub | Chief Financial Officer | 69,077 | Executive |
| Alexander Black | Chief Investment Officer | 69,077 | Executive |
| Nicholas Farren | Chief Operating Officer | 58,343 | Executive |
*The share numbers reflect the average of the middle-market closing price of a Share as per AIM on 9 to 15 July 2026 of 899p.
The terms of the LTIP awards detailed above provide for vesting on the first dealing day post the third anniversary of grant, subject to continued employment and various performance conditions as detailed below:
Executive Award
Subject to a two-year holding period post vesting
° 35% of each Award is subject to a performance condition requiring the Company's adjusted diluted total earnings per share to achieve a pre-set level for the financial year 2029 which is the end of three financial years commencing on 1 April 2026 (the 'Performance Period').
° 35% of each Award is subject to a performance condition relating to the performance of the Company's total shareholder return relative to the constituents of the FTSE 250 Index (excluding investment trusts) during the Performance Period.
° 10% of each Award is subject to a performance condition measured by reference to the cumulative net inflows to Polar Group funds from two key geographic locations during the Performance Period.
° 20% of each Award is subject to a performance condition measured by reference to strategic progress towards enhancing the investment proposition for the Company's investors during the Performance Period.
PDMR Transaction detail
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Iain Evans |
| 2 | Reason for Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Polar Capital Holdings PLC |
| b) | LEI | 549300OXX7YE1947B825 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 2.5 pence each in Polar Capital Holdings PLC |
| Identification code | GB00B1GCLT25 | |
| b) | Nature of the transaction | Grant of an award under the Company's 2026 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 117,005 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction |
| e) | Date of the transaction | 16 July 2026 |
| 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 Notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Polar Capital Holdings PLC |
| b) | LEI | 549300OXX7YE1947B825 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 2.5 pence each in Polar Capital Holdings PLC |
| Identification code | GB00B1GCLT25 | |
| b) | Nature of the transaction | Grant of an award under the Company's 2026 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 69,077 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction |
| e) | Date of the transaction | 16 July 2026 |
| 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 Notification | |
| a) | Position/status | Chief Investment Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Polar Capital Holdings PLC |
| b) | LEI | 549300OXX7YE1947B825 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 2.5 pence each in Polar Capital Holdings PLC |
| Identification code | GB00B1GCLT25 | |
| b) | Nature of the transaction | Grant of an award under the Company's 2026 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 69,077 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction |
| e) | Date of the transaction | 16 July 2026 |
| 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 Notification | |
| a) | Position/status | Chief Operating Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Polar Capital Holdings PLC |
| b) | LEI | 549300OXX7YE1947B825 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 2.5 pence each in Polar Capital Holdings PLC |
| Identification code | GB00B1GCLT25 | |
| b) | Nature of the transaction | Grant of an award under the Company's 2026 Executive Incentive Plan as a conditional award. Awards may vest after 3 years subject to performance and continued service. Any vested shares will normally be subject to a holding period ending on the fifth anniversary of grant. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 58,343 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction |
| e) | Date of the transaction | 16 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.