Director/PDMR Shareholding

RNS Number : 3554G
Hargreaves Lansdown PLC
19 November 2015
 



Hargreaves Lansdown plc

 

DIRECTOR / PDMR Shareholding  

  

19th November 2015

 

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility or Connected Persons  

 

Long Term Incentive Plan vesting and share sale

 

Hargreaves Lansdown plc (the "Company") has been notified that on 18th November 2015, Ian Gorham, a Director exercised the following share option:

 

Name of Scheme

Director

Number of ordinary shares over which options were exercised

Exercise Price

Grant Date

Number of ordinary shares over which options are held following the exercise

LTIP 2012

Ian Gorham

52,441

£6.87

31 December 2012

239,269

 

No new shares have been issued as a result of the exercise of the share options.

 

Following the exercise of the share options, Mr Gorham sold a total of 52,441 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of £14.80 per share on 18 November 2015. The number of ordinary shares sold represented 0.01% of the ordinary shares in issue.  Following the transaction, the beneficial shareholding of Mr Gorham (including his connected persons) is 332,628 ordinary shares representing 0.07% of the ordinary shares in issue.

 

Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee for the above Director.

 

This announcement is made under the UKLA's Disclosure and Transparency Rule 3.1.2R.

 

Enquiries:

Judy Matthews

Company Secretary

Hargreaves Lansdown plc

+44 (0) 117 988 9880

 

Notes:

 

(1)       Mr Gorham was awarded 60,000 shares on 31st December 2012 (the "Award") under the terms of the Company's Long Term Incentive Plan.

(2)        The performance conditions attaching to the Award comprised three elements:

·    1/3 of the Award was subject to growth of the Company's earnings per share;

·    1/3 of the Award was based on Net New Business flows; and

·    the remaining 1/3 was based on Net New Client levels.

(3)       As disclosed on page 53 of the Company's Annual Report and Accounts for the year ended 30 June 2015, the Net New Business and Net New Client performance criteria were achieved in full and 62.21% of the EPS performance target was achieved.  Accordingly, 52,441 options have vested.

 

 


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