REG - Hargreaves Lansdown - Director/PDMR Shareholding <Origin Href="QuoteRef">HRGV.L</Origin>

Hargreaves LansdownAnnouncement

29/09/2015 09:20

RNS Number : 5317A
Hargreaves Lansdown PLC
29 September 2015
Hargreaves Lansdown plc
DIRECTOR / PDMR Shareholding
29 September 2015
Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons
Long Term Incentive Plan vesting and share sale
Hargreaves Lansdown plc (the "Company") has been notified that on 25 September 2015 the following PDMRs exercised the following share options:
Name of Scheme
PDMR
No of shares exercised
Exercise Price
Grant Date
Number of ordinary shares over which an option is held following the exercise
LTIP 2012
Mark Dampier
52,441
6.87
31 December 2012
120,064
LTIP 2012
Lee Gardhouse
52,441
6.87
31 December 2012
139,422
No new shares have been issued as a result of the exercise of the share options.
Following the exercise of the share options, Mr Dampier sold a total of 52,441 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of 12.2002 per share on 28 September 2015. The number of ordinary shares sold represented 0.01% of the ordinary shares in issue.Following the transaction, the beneficial shareholding of Mr Dampier (including his connected persons) is 807,297 ordinary shares representing 0.17% of the ordinary shares in issue.
Following the exercise of the share options, Mr Gardhouse sold a total of 40,250 ordinary shares at a price of 12.166 per share on 28 September 2015. The number of ordinary shares sold represented 0.01% of the ordinary shares in issue. Following the transaction, the beneficial shareholding of Mr Gardhouse (including his connected persons) is 819,438 ordinary shares representing 0.17% of the ordinary shares in issue.
In each case, the sales were made wholly or partly to meet the taxation arising on exercise of the share options and the purchase costs of the shares.
Cancelled Save As You Earn
The Company has also received notification from Ian Hunter and Mark Dampier that they have cancelled their 2014 Save As You Earn arrangements.Further details are shown below:
Name of Scheme
PDMR
No of shares cancelled
Number of ordinary shares over which an option is held following this notification
SAYE 2014
Mark Dampier
1,312
118,752
SAYE 2014
Ian Hunter
1,312
389,250
Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee for the above PDMRs. 
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 Dampier and Mr Gardhouse were each awarded 60,000 shares on 31st December 2012 (the "Award") under the terms of 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.

This information is provided by RNS
The company news service from the London Stock Exchange
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