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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Polar Capital Holdings plc    POLR   GB00B1GCLT25

POLAR CAPITAL HOLDINGS PLC

(POLR)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/24 11:35:05 am
588 GBp   -0.34%
01/20POLAR CAPITAL : Form 8.3 - Redde PLC
PU
01/17POLAR CAPITAL : Form 8.3 - Redde PLC
PU
01/15POLAR CAPITAL : Form 8.3 - Redde PLC
PU
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Polar Capital : Form 8.3 - Redde PLC

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01/15/2020 | 07:28am EST

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the 'Code')

1. KEY INFORMATION

(a) Full name of discloser:

Polar Capital LLP, the Investment Manager, disclosing on behalf of:

Polar Capital Funds PLC - UK Value Opportunities Fund

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Redde PLC

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

2020-01-14

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state 'N/A'

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

14,236,128

4.63

(2) Cash-settled derivatives:

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

TOTAL:

14,236,128

4.63

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

0.1 GBp Ordinary

Sale

149,864

108.0055

0.1 GBp Ordinary

Sale

248,640

107.7769

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none'

N/A

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state 'none'

N/A

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

2020-01-15

Contact name:

Paddy Drewett

Telephone number*:

+44 (0) 20 7227 3058

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Disclaimer

Polar Capital Holdings plc published this content on 15 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2020 12:27:01 UTC

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Financials (GBP)
Sales 2020 136 M
EBIT 2020 45,3 M
Net income 2020 -
Debt 2020 -
Yield 2020 5,61%
P/E ratio 2020 -
P/E ratio 2021 -
Capi. / Sales2020 4,02x
Capi. / Sales2021 3,69x
Capitalization 548 M
Chart POLAR CAPITAL HOLDINGS PLC
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Polar Capital Holdings plc Technical Analysis Chart | MarketScreener
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Technical analysis trends POLAR CAPITAL HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 651,67  GBp
Last Close Price 588,00  GBp
Spread / Highest target 20,7%
Spread / Average Target 10,8%
Spread / Lowest Target 0,34%
EPS Revisions
Managers
NameTitle
Gavin Mark Rochussen Chief Executive Officer & Executive Director
Thomas Hugh Bartlam Non-Executive Chairman
John Bradbury Mansell COO, Executive Director & Finance Director
Brian Jonathan David Ashford-Russell Non-Executive Director
Jamie M. Cayzer-Colvin Non-Executive Director
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