Director/PDMR Shareholding

RNS Number : 8073U

Hargreaves Lansdown PLC

03 January 2013

 



Hargreaves Lansdown plc ("the Company") 

DIRECTOR / PDMR Shareholding 

3^rd January 2013

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 PDMRs/ directors of the Company have today advised that they have accepted an option to purchase ordinary shares of 0.4p each in the Company ("Ordinary Shares") which were granted on 31^st December 2012 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan") with an exercise price of 687 pence per share:

Director	Position	Number of shares over which option granted	Total number of shares over which options are held following notification	Total current shareholding (excluding options)	Total percentage shareholding (excluding options)
Ian Gorham	Director	60,000	1,614,109	225,000	0.05%
Tracey Taylor	Director	60,000	80,818	745,641	0.16%
Alex Davies	PDMR	60,000	744,855	1,151,030	0.24%
Nigel Bence	PDMR	60,000	331,342	228,659	0.05%
Lee Gardhouse	PDMR	60,000	380,229	961,884	0.20%
Mark Dampier	PDMR	60,000	179,639	922,262	0.19%
Ian Hunter	PDMR	60,000	251,356	556,916	0.12%
Nick Marson	PDMR	60,000	256,055	649,821	0.14%
David Davies	PDMR	60,000	409,109	3,689	0.001%

These awards have been made under the Plan which was approved at the Company's AGM on 23^rd November 2012.  The awards are subject to performance conditions as disclosed in the Notice of AGM, and have a performance period of 1 July 2012 to 30 June 2015. 

The awards will be exercisable from the date on which the Remuneration Committee determine the performance conditions have been met, which shall be no later than three months following the approval of the accounts for year ended 30 June 2015.  The options may then be exercised at the Director/ PDMR's discretion until 31 December 2018 (being the 6^th anniversary of the date of grant of the award).  To the extent the performance conditions are not met, the options shall lapse.

All options are granted at the market value of the Company shares, and therefore shareholder value must be enhanced for the Directors/ PDMRs to benefit.

For further information contact 

Judy Matthews

Company Secretary

Hargreaves Lansdown

0117 988 9880

 

END

 

 

RDSQXLFBXFFXBBK