17 July 2026
Polar Capital Holdings PLC ("Polar Capital" or the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Grant of 2026 Long Term Incentive Plan Awards (LTIP)
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 | 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 2.5 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)
| 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 | 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 2.5 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)
| 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 | 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 2.5 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)
| 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 | 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 2.5 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)
| 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 |
Enquiries:
Polar Capital Tracey Lago (Group Company Secretary) +44 (0)20 7227 2700 | Deutsche Numis - Nomad and Joint Broker Charles Farquhar Duncan Monteith +44 (0)20 7545 8000 | 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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