Director/PDMR Shareholding

RNS Number : 7646G

Hargreaves Lansdown PLC

24 November 2015

 



Hargreaves Lansdown plc

DIRECTOR / PDMR Shareholding  

24 November 2015

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons  

Hargreaves Lansdown plc (the "Company") has been notified that on 23 November 2015, Ian Hunter, a PDMR, exercised the following share options:

Name of Scheme	Number of ordinary shares over which options were exercised	Exercise Price	Grant Date	Number of ordinary shares over which options are held following the exercise
LTIP 2012	52,441	£6.87	31 December 2012	401,778
Unapproved Executive Share Option Scheme	200,000	£4.476	29 September 2011	201,778

No new shares have been issued as a result of the exercise of the share options.

Following the exercise of the share options, Mr Hunter sold a total of 252,441 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of £14.67 per share on 23 November 2015. The number of ordinary shares sold represented 0.05% of the ordinary shares in issue.  Following the transaction, the beneficial shareholding of Mr Hunter (including his connected persons) is 570,621 ordinary shares representing 0.12% of the ordinary shares in issue.

Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee for the above PDMR.

This announcement is made under the UKLA's Disclosure and Transparency Rule 3.1.2R.

Enquiries:

Judy Matthews

Company Secretary

Hargreaves Lansdown plc

[phone]

Notes:

(1)       Mr Hunter was awarded 60,000 shares on 31st December 2012 (the "Award") under the terms of the Company's Long Term Incentive Plan.

(2)      The performance conditions attaching to the Award comprised three elements:

·    1/3 of the Award was subject to growth of the Company's earnings per share;

·    1/3 of the Award was based on Net New Business flows; and

·    the remaining 1/3 was based on Net New Client levels.

(3)       As disclosed on page 53 of the Company's Annual Report and Accounts for the year ended 30 June 2015, the Net New Business and Net New Client performance criteria were achieved in full and 62.21% of the EPS performance target was achieved.  Accordingly, 52,441 options have vested.

 

END

 

 

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