REG - Hargreaves Lansdown - Director/PDMR Shareholding <Origin Href="QuoteRef">HRGV.L</Origin>
RNS Number : 7227BHargreaves Lansdown PLC08 October 2015Hargreaves Lansdown plc ("the Company")
DIRECTOR / PDMR Shareholding
8th October 2015
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 7th October 2015 under the Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the Plan").
The awards have an exercise price of 12.42 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 2018.
The options may then be exercised at the Director/ PDMR's discretion until 8th October 2021 (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
60,000
299,269
332,628
0.07%
Ian Hunter
PDMR
60,000
449,250
570,621
0.12%
David Davies
PDMR
60,000
317,976
19,044
0.004%
Lee Gardhouse
PDMR
60,000
199,422
819,438
0.17%
Mark Dampier
PDMR
60,000
178,752
807,297
0.17%
Stuart Louden
PDMR
60,000
63,459
287,975
0.06%
Rob Byett
PDMR
60,000
100,000
1,252
0.0003%
Chris Worle
PDMR
60,000
195,319
45,505
0.01%
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 7th October 2015 under the Hargreaves Lansdown Deferred Performance Bonus Plan ("the Plan").
Under the current terms of the Plan, all Directors/ PDMRs were required to defer 30% of any bonus earned for the year ended 30 June 2015 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 2018 until 1 October 2018. 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
29,921
269,348
332,628
0.07%
Lee Gardhouse
PDMR
10,017
209,439
819,438
0.17%
Mark Dampier
PDMR
3,902
182,654
807,297
0.17%
Ian Hunter
PDMR
12,528
461,778
570,621
0.12%
David Davies
PDMR
7,139
325,115
19,044
0.004%
Stuart Louden
PDMR
4,397
67,856
287,975
0.06%
Chris Worle
PDMR
3,902
199,221
45,505
0.01%
Rob Byett
PDMR
2,601
102,601
1,252
0.0003%
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
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