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

Hargreaves LansdownAnnouncement

02/12/2015 15:12

RNS Number : 7760H
Hargreaves Lansdown PLC
02 December 2015
Hargreaves Lansdown plc
DIRECTOR / PDMR Shareholding
2nd December 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 1st December 2015, David Davies, a PDMR exercised the following share option:
Name of Scheme
PDMR
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
David Davies
52,441
6.87
31 December 2012
265,115
No new shares have been issued as a result of the exercise of the share options.
Following the exercise of the share options, Mr Davies sold a total of 52,441 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of 15.11 per share on 1 December 2015. The number of ordinary shares sold represented 0.01% of the ordinary shares in issue.Following the transaction, the beneficial shareholding of Mr Davies (including his connected persons) is 19,044 ordinary shares representing 0.004% of the ordinary shares in issue.
Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee for the above PDMR. 
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 Davies 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.

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