Last checked at 7 Mar 2024 13:54
Hargreaves Lansdown plc ("the Company")
Director/PDMR/PCA Transaction - Initial Notification
The Company announces that Richard Hebdon a director/person discharging managerial responsibility in the Company has been granted nil-cost options over 35,463 ordinary shares in the Company under the Sustained Performance Plan II. The grant took place on Wednesday 06 March 2024.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Richard Hebdon | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment
| INITIAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| HARGREAVES LANSDOWN PLC | ||||
b)
| LEI
| 2138008ZCE93ZDSESG90 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
ORDINARY SHARES
GB00B1VZ0M25
| ||||
b)
| Nature of the transaction | GRANT OF OPTIONs UNDER sustained performance plan II | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
Grant of options over 35,463 ordinary shares at nil cost per ordinary share | ||||
e)
| Date of the transaction
| 06 March 2024 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
The nil-cost options will become exercisable on vesting dates shown below, subject to continuous employment with Hargreaves Lansdown plc.
Number of shares subject to option | Vesting date | Option price | Arrangement |
1,009 | 27 March 2025 | Nil Cost | Listing Rule 9.4.2 arrangement |
1,009 | 27 March 2026 | Nil Cost | Listing Rule 9.4.2 arrangement |
1,009 | 27 March 2027 | Nil Cost | Listing Rule 9.4.2 arrangement |
14,978 | 06 March 2024 | Nil Cost | Listing Rule 9.4.2 arrangement |
9,304 | 14 February 2025 | Nil Cost | Listing Rule 9.4.2 arrangement |
8,154 | 20 February 2026 | Nil Cost | Listing Rule 9.4.2 arrangement |
Buy-Out Awards
The nil-cost options were awarded to Richard Hebdon under an arrangement to which Listing Rule 9.4.2 applies in respect of the buy-out of the share option arrangements Richard Hebdon forfeited on leaving their previous employment.
The Remuneration Committee believes that the award fairly reflects the value of awards Richard Hebdon forfeited on leaving his previous employment in terms of value and timescale of vesting.
This announcement is made in accordance with the requirements of DTR 3.1.4.
Claire Chapman
Company Secretary
Enquiries:
Danny Cox, Head of Communications (07989 672 071)
James Found, Head of Investor Relations (07970 066 634)
Copies of our announcements are available on our website http://www.hl.co.uk/investor-relations/regulatory-announcements