Director/PDMR Shareholding
Polar Capital Holdings PLC announced the vesting of its 2023 Long Term Incentive Plan awards for key personnel, including Iain Evans (CEO), Samir Ayub (CFO), Alexander Black (CIO), and Nicholas Farren (COO). Following the vesting on July 16, 2026, a portion of the shares were sold to cover tax liabilities, with the remaining net shares subject to a holding period until July 16, 2028. Specifically, Iain Evans and Alexander Black received 117,773 vested shares each, Samir Ayub received 107,066, and Nicholas Farren received 102,784. Additionally, Alexander Black had a separate conditional award vest, resulting in a total of 183,173 vested shares for him before tax. These vested shares were acquired at nil cost, and a portion were subsequently sold at £8.82 per share.
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16 July 2026 was the third anniversary of grant, and the vesting date of the 2023 LTIP awards granted to Iain Evans, Samir Ayub, Alexander Black and Nicholas Farren. Details of the original grant on 16 July 2023 are contained in RNS No. 4181G released on 18 July 2023.
The terms of the LTIP award provided for vesting in full on the third anniversary of grant, subject to performance conditions.
The LTIP awards vested in full, with full details available in the 2026 Annual Report.
The following table provides details of the vesting and release date of the awards:
| PDMR | Vested Shares - 16 July 2026 | Shares sold to cover tax | Net Shares to be released after the holding period on 16 July 2028 | |
|---|---|---|---|---|
| Iain Evans | Chief Executive Officer | 117,773 | 65,070 | 52,703 |
| Samir Ayub | Chief Financial Officer | 107,066 | 59,154 | 47,912 |
| Alexander Black | Chief Investment Officer | 117,773 | 65,070 | 52,703 |
| Nicholas Farren | Chief Operations Officer | 102,784 | 56,788 | 45,996 |
Vesting of 'Conditional Award to CIO' 2023 Long Term Incentive Plan ("LTIP")
16 July 2026 was the third anniversary of grant of the Conditional Award, and the vesting date of 50% of the 2023 LTIP award granted to Alexander Black. Details of the original grant on 16 July 2023 are also contained in RNS No. 4181G released on 18 July 2023.
The LTIP award vests in two tranches on the third and fourth anniversary of grant, is subject to continued service and is not subject to a holding period.
The following table provides details of the vesting and release date of the awards:
| PDMR | Vested Shares - 16 July 2026 | Shares sold to cover tax | Net Shares to be released - not subject to holding period | |
| Alexander Black | Chief Investment Officer | 65,400 | 36,134 | 29,266 |
| Individual PDMR Transaction Details: | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Iain Evans | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer | ||
| b) | Initial notification /Amendment | Initial Notification | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Nil | 117,773 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Iain Evans | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer | ||
| b) | Initial notification /Amendment | Initial Notification | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| 8.82 | 65,070 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 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 | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Nil | 107,066 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 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 | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| 8.82 | 59,154 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 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 | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award and first tranche vesting of the 2023 Conditional LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Nil | 183,173 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 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 | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award and the 2023 Conditional LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| 8.82 | 101,204 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Nicholas Farren | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Operations Officer | ||
| b) | Initial notification /Amendment | Initial Notification | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Nil | 102,784 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Nicholas Farren | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Operations Officer | ||
| b) | Initial notification /Amendment | Initial Notification | ||
| a) | Name | Polar Capital Holdings PLC | ||
| b) | LEI | 549300OXX7YE1947B825 | ||
| 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 2023 LTIP Award | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| 8.82 | 56,788 | |||
| d) | Aggregated information | Single transaction as in 4 c) above | ||
| e) | Date of the transaction | 17/07/2026 | ||
| f) | Place of the transaction | Off Market | ||
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