FORM 8 (OPD)
AMENDED PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
AMENDMENT TO RNS 1218R - THIS FORM AMENDS THE OPENING POSITION DISCLOSURE RELEASED BY HL ON 4 JUNE 2024, PLEASE REFER TO SECTION 3 (INTERESTS OF CONNECTED ADVISERS)
1. KEY INFORMATION
(a) Full name of discloser: |
Hargreaves Lansdown plc ("HL") |
(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. |
N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Hargreaves Lansdown plc |
(d) Is the discloser the offeror or the offeree? |
Offeree |
(e) Date position held: The latest practicable date prior to the disclosure |
3 June 2024 |
(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" |
N/A |
2. POSITIONS OF THE PARTY TO THE OFFER 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
Class of relevant security:
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|
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Interests |
Short positions |
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Number |
% |
Number |
% |
|
(1) Relevant securities owned and/or controlled: |
NIL |
- |
NIL |
- |
(2) Cash-settled derivatives:
|
NIL |
- |
NIL |
- |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
NIL |
- |
NIL |
- |
TOTAL: |
NIL |
- |
NIL |
- |
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).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: |
N/A |
Details, including nature of the rights concerned and relevant percentages: |
N/A |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
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HL directors and their connected persons
(a) The following directors of HL and their connected persons have the interests in HL set out below:
(b) The following directors of HL have rights to the scheme interests set out below:
Dan Olley, Chief Executive Officer
Amy Stirling, Chief Financial Officer
Shares held in the HL EBT and HL SIP trust
Interests of connected advisers
(1) DBX Advisors LLC is a group company of Numis Securities Limited (trading as Deutsche Numis), a joint financial advisor and broker to HL. (2) Calvert Research and Management is a group company of Morgan Stanley & Co International plc, a financial advisor to HL.
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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).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
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 party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, 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" |
None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) |
NO |
Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
9 September 2024 |
Contact name: |
James Found, Head of Investor Relations / Lucy Thomas, Corporate Affairs Director |
Telephone number: |
+44 (0)7970 066 634 / +44 (0) 7779 639 460 |
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.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.