Director/PDMR Shareholding

RNS Number : 8984Y

Hargreaves Lansdown PLC

04 December 2014

 



Hargreaves Lansdown plc ("the Company") 

DIRECTOR / PDMR Shareholding 

The following amendment has been made to the disclosure of Ian Gorham's deferred bonus share award in the "PDMR Shareholding" announcement released on 3^rd October 2014 under RNS 4621T.

	Number of shares over which option granted	Total number of shares over which options are held following notification
Previously:	10,743	196,717
Amendment:	21,809	207,783

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 2^nd October 2014 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan").

The awards have an exercise price of 931.75 pence 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 2017. 

The options may then be exercised at the Director/ PDMR's discretion until 2^nd October 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	55,000	185,974	332,628	0.07%
Tracey Taylor	Director	55,000	177,440	660,000	0.14%
Nigel Bence	PDMR	55,000	423,947	202,457	0.04%
Lee Gardhouse	PDMR	55,000	189,238	832,247	0.18%
Mark Dampier	PDMR	55,000	272,943	802,617	0.17%
Ian Hunter	PDMR	55,000	378,254	571,521	0.12%
Nick Marson	PDMR	55,000	372,488	635,176	0.13%
David Davies	PDMR	55,000	502,837	19,044	0.004%

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 2^nd October 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 20% of any bonus earned for the year ended 30 June 2014 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 2017 until 1 October 2017.  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	21,809	207,783	332,628	0.07%
Lee Gardhouse	PDMR	8,400	197,638	832,247	0.18%
Mark Dampier	PDMR	4,846	277,789	802,617	0.17%
Ian Hunter	PDMR	10,743	388,997	571,521	0.12%
David Davies	PDMR	5,139	507,976	19,044	0.004%

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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