Last checked at 24 Oct 2013 18:10
Hargreaves Lansdown plc ("the Company")
DIRECTOR / PDMR Shareholding
24th October 2013
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons
The Company announces that it has been today advised that, on 24th October 2013, the following PDMR of the Company exercised the following awards under the Company's Joint Share Ownership Plan ("JSOP").
Name | Position | Interest in JSOP shares |
Alex Davies | PDMR | 333,334 |
The JSOP was approved at the Annual General Meeting on 27th November 2009 and on 9th December 2009 Mr Davies acquired an interest in ordinary shares of 0.4p each in the Company ("Ordinary Shares"), which he holds jointly with an Employee Benefit Trust.
The interests in the Ordinary Shares were acquired under a joint ownership arrangement. Mr Davies, together with the Trustee of an Employee Benefit Trust, has acquired the joint beneficial ownership of the Ordinary Shares. Mr Davies purchased the right to the growth in value of the Ordinary Shares from the date of the award, and the Trustee acquired the current value of the Ordinary Shares as at the award date.
At the award date, 9th December 2009, each share had a market value of 268.8p. On 24th October 2013 the shares were sold at £11.67, and Mr Davies received an amount of £9 per share in respect of the sale of his interest in the shares.
Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee for the above PDMR/directors.
The PDMRs interests in the Ordinary shares have changed as follows:-
Name | Position | Interest in JSOP shares before transaction | Interest in JSOP shares after transaction | Shareholding | % Interest |
Alex Davies | PDMR | 333,334 | 0 | 1,151,030 | 0.24% |
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