Last checked at 3 Jan 2013 16:40
Hargreaves Lansdown plc ("the Company")
DIRECTOR / PDMR Shareholding
3rd January 2013
Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons in accordance with Disclosure Rules 3.1.4R(1)(a).
The Company announces the following PDMRs/ directors of the Company have today advised that they have accepted an option to purchase ordinary shares of 0.4p each in the Company ("Ordinary Shares") which were granted on 31st December 2012 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan") with an exercise price of 687 pence per share:
Director | Position | Number of shares over which option granted | Total number of shares over which options are held following notification | Total current shareholding (excluding options) | Total percentage shareholding (excluding options) |
Ian Gorham | Director | 60,000 | 1,614,109 | 225,000 | 0.05% |
Tracey Taylor | Director | 60,000 | 80,818 | 745,641 | 0.16%
|
Alex Davies | PDMR | 60,000 | 744,855 | 1,151,030 | 0.24% |
Nigel Bence | PDMR | 60,000 | 331,342 | 228,659 | 0.05% |
Lee Gardhouse | PDMR | 60,000 | 380,229
| 961,884 | 0.20% |
Mark Dampier | PDMR | 60,000 | 179,639 | 922,262 | 0.19% |
Ian Hunter | PDMR | 60,000 | 251,356 | 556,916 | 0.12% |
Nick Marson | PDMR | 60,000 | 256,055 | 649,821 | 0.14% |
David Davies | PDMR | 60,000 | 409,109 | 3,689 | 0.001% |
These awards have been made under the Plan which was approved at the Company's AGM on 23rd November 2012. The awards are subject to performance conditions as disclosed in the Notice of AGM, and have a performance period of 1 July 2012 to 30 June 2015.
The awards will be exercisable from the date on which the Remuneration Committee determine the performance conditions have been met, which shall be no later than three months following the approval of the accounts for year ended 30 June 2015. The options may then be exercised at the Director/ PDMR's discretion until 31 December 2018 (being the 6th anniversary of the date of grant of the award). To the extent the performance conditions are not met, the options shall lapse.
All options are granted at the market value of the Company shares, and therefore shareholder value must be enhanced for the Directors/ PDMRs to benefit.
For further information contact
Judy Matthews
Company Secretary
Hargreaves Lansdown
0117 988 9880