Hargreaves Lansdown PLC Director/PDMR Shareholding (6999K)

TIDMHL.

RNS Number : 6999K

Hargreaves Lansdown PLC

23 September 2016

Hargreaves Lansdown plc

DIRECTOR / PDMR Shareholding

23(rd) 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 22(nd) September 2016 the following Director and PDMR exercised share options as detailed below:

 
Name of Scheme   PDMR           Number of ordinary       Exercise Price   Grant Date            Number of ordinary 
                                shares over which                                               shares over which 
                                options were exercised                                          options are held 
                                                                                                following the exercise 
---------------  -------------  -----------------------  ---------------  --------------------  ---------------------- 
Deferred bonus   Ian Gorham     16,865                   GBP1 (in total)  17(th) February 2014  259,813 
---------------  -------------  -----------------------  ---------------  --------------------  ---------------------- 
Deferred bonus   David Davies   4,083                    GBP1 (in total)  17(th) February 2014  215,226 
---------------  -------------  -----------------------  ---------------  --------------------  ---------------------- 
 

The market value at the date of exercise was GBP13.02. 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 GBP13.04 per share and his wife Mrs H Gorham, a Connected Person, sold a total of 155,000 ordinary shares at a price of GBP13.04 per share, on 22(nd) 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 GBP13.00 per share on 22(nd) 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

[phone]

Notes:

(1) The Director and PDMR were awarded the share options ("the award") on 17(th) 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 30(th) 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

END

DSHFXLFLQKFZBBL

(END) Dow Jones Newswires

September 23, 2016 07:44 ET (11:44 GMT)