Director/PDMR Shareholding

RNS Number : 8984Y
Hargreaves Lansdown PLC
04 December 2014
 



Hargreaves Lansdown plc ("the Company") 

DIRECTOR / PDMR Shareholding 

 

The following amendment has been made to the disclosure of Ian Gorham's deferred bonus share award in the "PDMR Shareholding" announcement released on 3rd October 2014 under RNS 4621T.

                       


Number of shares over which option granted

 

Total number of shares over which options are held following notification

Previously:

              10,743

196,717

Amendment:

21,809

207,783

 

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons in accordance with Disclosure Rules 3.1.4R(1)(a). 

 

LONG TERM INCENTIVE PLAN

 

The Company announces that the following Directors and PDMRs were conditionally awarded  ordinary shares of 0.4p each in the Company which were granted on 2nd October 2014 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan").

 

The awards have an exercise price of 931.75 pence per share and will vest (in proportion that the performance criteria have been achieved) on 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 2017. 

 

The options may then be exercised at the Director/ PDMR's discretion until 2nd October 2020 (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.

 

 

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

55,000

185,974

332,628

0.07%

Tracey Taylor

Director

55,000

177,440

660,000

0.14%

 

 

Nigel Bence

PDMR

55,000

423,947

202,457

0.04%

Lee Gardhouse

PDMR

55,000

189,238

 

832,247

0.18%

Mark Dampier

PDMR

55,000

272,943

802,617

0.17%

Ian Hunter

PDMR

55,000

378,254

 

571,521

0.12%

Nick Marson

PDMR

55,000

372,488

635,176

0.13%

David Davies

PDMR

55,000

502,837

 

19,044

0.004%

 

Further details relating to the operation of the LTIP can be found within the Annual Report and Accounts available on the Company's website. 

 

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.

 

ANNUAL BONUS PLAN

 

The following Directors/ PDMRs have also been awarded ordinary shares of 0.4p each in the Company which were granted on 2nd October 2014 under the Hargreaves Lansdown Deferred Performance Bonus Plan ("the Plan").

Under the current terms of the Plan, all Directors/ PDMRs were required to defer 20% of any bonus earned for the year ended 30 June 2014 into either unapproved (nil cost) share options, or cash.  

Where the Directors/ PDMRs have elected to defer into unapproved share options, the awards have an exercise price of nil pence per share and may be exercised at the Director/ PDMRs discretion from 1 July 2017 until 1 October 2017.  Awards shall only vest where the director remains in employment with the group

 

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

21,809

207,783

332,628

0.07%

Lee Gardhouse

PDMR

8,400

197,638

 

832,247

0.18%

Mark Dampier

PDMR

4,846

277,789

 

802,617

0.17%

Ian Hunter

PDMR

10,743

388,997

 

571,521

0.12%

David Davies

PDMR

5,139

507,976

19,044

0.004%

 

Further details relating to the operation of the Deferred Performance Bonus Plan can be found within the Annual Report and Accounts available on the Company's website. 

 

For further information contact 

 

Judy Matthews

Company Secretary

Hargreaves Lansdown

0117 988 9880

 

 


This information is provided by RNS
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