Director/PDMR Shareholding

RNS Number : 3801A

Hargreaves Lansdown PLC

18 February 2014

 



Hargreaves Lansdown plc ("the Company") 

DIRECTOR / PDMR Shareholding 

18^th February 2014

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

LONG TERM INCENTIVE PLAN

The Company announces that the following Directors and PDMRs were conditionally awarded  ordinary shares of 0.4p each in the Company which were granted on 17th February 2014 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan").

The awards have an exercise price of £13.29 per share and will vest (in proportion that the performance criteria have been achieved) on 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 2016. 

The options may then be exercised at the Director/ PDMR's discretion until 17th February 2020 (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.

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	50,000	114,109	442,628	0.09%
Tracey Taylor	Director	50,000	128,445	748,014	0.16%
Nigel Bence	PDMR	50,000	382,927	189,118	0.04%
Lee Gardhouse	PDMR	50,000	428,889	749,454	0.16%
Mark Dampier	PDMR	50,000	229,639	799,262	0.17%
Ian Hunter	PDMR	50,000	329,246	556,916	0.12%
Nick Marson	PDMR	50,000	325,355	619,821	0.13%
David Davies	PDMR	50,000	459,109	3,689	0.001%

Further details relating to the operation of the LTIP can be found within the Annual Report and Accounts available on the Company's website. 

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.

ANNUAL BONUS PLAN

The following Directors/ PDMRs have also been awarded ordinary shares of 0.4p each in the Company which were granted on 17^th February 2014 under the Hargreaves Lansdown Deferred Performance Bonus Plan ("the Plan").

Under the current terms of the Plan, all Directors/ PDMRs were required to defer 10% of any bonus earned for the year ended 30 June 2013 into either unapproved (nil cost) share options, or cash.  

Where the Directors/ PDMRs have elected to defer into unapproved share options, the awards have an exercise price of nil pence per share and may be exercised at the Director/ PDMRs discretion from 1 July 2015 until 1 October 2016.  Awards shall only vest where the director remains in employment with the group.

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	16,865	130,974	442,628	0.09%
Tracey Taylor	Director	7,713	136,158	748,014	0.16%
Lee Gardhouse	PDMR	5,349	434,238	749,454	0.16%
Mark Dampier	PDMR	3,659	233,298	799,262	0.17%
Ian Hunter	PDMR	8,051	337,297	556,916	0.12%
Nick Marson	PDMR	7,488	332,843	619,821	0.13%
David Davies	PDMR	4,083	463,192	3,689	0.001%

Further details relating to the operation of the Deferred Performance Bonus Plan can be found within the Annual Report and Accounts available on the Company's website. 

For further information contact 

Judy Matthews

Company Secretary

Hargreaves Lansdown

0117 988 9880

 

END

 

 

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