Director/PDMR Shareholding

RNS Number : 3677R

Hargreaves Lansdown PLC

24 October 2013

 



Hargreaves Lansdown plc ("the Company") 

DIRECTOR / PDMR Shareholding 

24^th 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 24^th 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 27^th 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, 9^th December 2009, each share had a market value of 268.8p.  On 24^th 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

[phone]

 

END

 

 

RDSDZLFLXBFFFBB