Director/PDMR Shareholding

RNS Number : 9136Y

Hargreaves Lansdown PLC

07 March 2012

 



Hargreaves Lansdown plc ("the Company") 

PDMR Shareholding 

7^th March 2012

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons in accordance with Disclosure Rules 3.1.4R(1)(a). 

The Company announces the following PDMR of the Company has today advised that he has accepted an option to purchase ordinary shares of 0.4p each in the Company ("Ordinary Shares") granted on 6^th March 2012 under the Company's Executive Share Option Plan with an exercise price of 441.30 pence per share:

Director	Position	Number of shares over which option granted	Term of option	Total current share holding
David Davies	PDMR	200,000	Between 07.03.2015 and 07/03/2022	3,689

No payment was made in respect of the grant.

This award has been reviewed and approved by the Remuneration Committee. Mr Davies is a key person responsible for systems and IT, who was recently appointed a Director of Hargreaves Lansdown Asset Management Ltd, a subsidiary company. The award recognises his sphere of influence in the company, encourages retention and motivation of key talent, and aligns his long term aims with increasing shareholder value over the long term.  As the options are granted at the current market value of Hargreaves Lansdown plc shares, shareholder value must be enhanced for Mr Davies to benefit.

For further information contact 

Judy Matthews

Company Secretary

Hargreaves Lansdown

0117 988 9880

 

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