Last checked at 18 Nov 2013 17:53
Hargreaves Lansdown plc
("Hargreaves Lansdown plc" or "the Company")
DIRECTOR / PDMR Shareholding
18th November 2013
Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons
Hargreaves Lansdown plc (the "Company") has received notification today from Ian Gorham, a Director, that on 18th November 2013, he exercised the following share options:
Name of Scheme | No of shares exercised | Exercise Price | Grant Date |
Unapproved Executive Share Option Scheme | 800,000 | 458.23p | 8th October 2010 |
The market value at the date of exercise was £11.79. No new shares have been issued as a result of the exercise of the share options.
Following the exercise of the share options, Mr Gorham sold a total of 715,000 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of £11.79 per share. Part of this sale was made to meet taxation arising on exercise of the share options and partly to meet the purchase costs of increasing his shareholding in the company. The number of ordinary shares sold represented 0.151% of the ordinary shares in issue.
As a result of the transaction Mr Gorham retains an additional 85,000 ordinary shares, thus increasing his (including his connected persons) shareholding in Hargreaves Lansdown from 357,628 shares to a total 442,628 shares (0.093% of the ordinary shares in issue).
Following this exercise, Mr Gorham retains 64,109 unexercised share options in a number of schemes.
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
+44 (0) 117 988 9880