Polar Capital : Director/PDMR Shareholding

21 January 2021

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

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)

The Company was notified on 21 January 2021 that Mr Samir Ayub, a person discharging managerial responsibilities, exercised 42,000 share options at 191.0p per share under the Company's 2007 Equity Incentive Plan (the 'Plan').

The option was issued in accordance with the rules of the Plan and use of the provisions relating to Equity Settled Share Appreciation Rights ('ESARS'). The use of the ESARS provisions allows the Company to issue to the option holder only the number of shares that would equate to the number of shares over which the option becomes exercisable less the number of shares that would have needed to be sold to fund the purchase of that number of shares on the exercise date.

The Company has issued 30,013 ordinary shares of 2.5p each ('Ordinary Shares') in full satisfaction of the option exercise and 30,013 shares were then sold at the market price of 669p per Ordinary Share.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Samir Ayub
2	Reason for the notification
a)	Position/status	CFO and person discharging managerial responsibilities
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	Exercise of Share Options under the 2016 Equity Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			191.0 pence	42,000
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	42,000
	- Price	191.0 pence
e)	Date of the transaction	21-01-2021
f)	Place of the transaction	Off-Market
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 Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			191.0 pence	30,013
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	30,013
	- Price	191.0 pence
e)	Date of the transaction	21-01-2021
f)	Place of the transaction	London Stock Exchange, AIM, XLON

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
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			669.0 pence	30,013
d)	Aggregated information	Single transaction as in 4 c) above
	- Aggregated volume	30,013
	- Price	669.0 pence
e)	Date of the transaction	21-01-2021
f)	Place of the transaction	London Stock Exchange, AIM, XLON

Enquiries:

Polar Capital

Neil Taylor

[phone]