Source - RNS
RNS Number : 6999K
Hargreaves Lansdown PLC
23 September 2016
 

Hargreaves Lansdown plc

 

DIRECTOR / PDMR Shareholding  

  

23rd September 2016

 

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

 

Hargreaves Lansdown plc (the "Company") has received notification that on 22nd September 2016 the following Director and PDMR exercised share options as detailed below:

 

Name of Scheme

PDMR

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

Deferred bonus

Ian Gorham

16,865

£1 (in total)

17th February 2014

259,813

Deferred bonus

David Davies

4,083

£1 (in total)

17th February 2014

215,226

 

 

The market value at the date of exercise was £13.02.  No new shares have been issued as a result of the exercise of the share options.

 

Mr Gorham has advised that he subsequently sold a total of 54,865 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of £13.04 per share and his wife Mrs H Gorham, a Connected Person, sold a total of 155,000 ordinary shares at a price of £13.04 per share, on 22nd September 2016.  The number of ordinary shares sold represented 0.04% of the ordinary shares in issue.   Following these transactions, the beneficial shareholding of Mr Gorham (including his connected persons) is 139,628 ordinary shares representing 0.03% of the ordinary shares in issue.  

 

Mr Davies has advised that he subsequently sold a total of 2,694 ordinary shares at a price of £13.00 per share on 22nd September 2016.  This sale was solely made to meet the cost of the taxation arising on their exercise and the transactions result in an overall increase in Mr Davies's holding in the Company.  The number of ordinary shares sold represented 0.001% of the ordinary shares in issue.   Following these transactions, the beneficial shareholding of Mr Davies (including his connected persons) is 36,544 ordinary shares representing 0.008% of the ordinary shares in issue.  

 

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

 

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

 

Enquiries:

Judy Matthews

Company Secretary

Hargreaves Lansdown plc

+44 (0) 117 988 9880

 

Notes:

 

(1)       The Director and PDMR were awarded the share options ("the award") on 17th February 2014 under the terms of the Company's Deferred Bonus Plan in the form of nil cost options.

(2)        The award relates to the bonus paid for the year ended 30th June 2013.

(3)        The award was subject to malus provisions.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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