HL. Hargreaves Lansdown Plc

 

TIDMHL. 
 
RNS Number : 1534E 
Hargreaves Lansdown PLC 
15 December 2009 
 

Hargreaves Lansdown plc ("the Company") 
DIRECTOR / PDMR Shareholding 
 
 
15th December 2009 
Notification of Transaction of Directors, Persons Discharging Managerial 
Responsibility ("PDMR") or Connected Persons in accordance with Disclosure Rules 
3.1.4R(1)(a). 
The Company announces that pursuant to the commencement of a Joint Share 
Ownership Plan ("JSOP")  following approval of the JSOP at the Annual General 
Meeting on 27th November, on 9th December 2009 the following PDMRs/Directors of 
the Company acquired an interest in ordinary shares of 0.4p each in the Company 
("Ordinary Shares"), which they hold jointly with an Employee Benefit Trust. 
 
 
+--------------+----------+-----------+--------------+---------------+------------+ 
| Director     | Position | Interest  |  Existing    | Shareholding  |% interest  | 
|              |          |  in JSOP  |shareholding  |   interest    |(inc. JSOP  | 
|              |          |  shares   |              |  (inc. JSOP   |  shares)   | 
|              |          |           |              |    shares)    |            | 
|              |          |           |              |               |            | 
+--------------+----------+-----------+--------------+---------------+------------+ 
| Tracey       | Director | 1,000,000 |      925,000 |     1,925,000 |      0.41% | 
| Taylor       |          |           |              |               |            | 
+--------------+----------+-----------+--------------+---------------+------------+ 
| Ian Gorham   | PDMR     |   750,000 |            0 |       750,000 |      0.16% | 
+--------------+----------+-----------+--------------+---------------+------------+ 
| Alex Davies  | PDMR     | 1,000,000 |    1,229,525 |     2,229,525 |      0.47% | 
+--------------+----------+-----------+--------------+---------------+------------+ 
|              |          |           |              |               |            | 
+--------------+----------+-----------+--------------+---------------+------------+ 
 
 
The interests in the Ordinary Shares have been acquired under a joint ownership 
arrangement. Each of the Directors/PDMRs and the trustee of an employee benefit 
trust have acquired the joint beneficial ownership of the Ordinary Shares. The 
Directors/PDMRs have acquired the right to the growth in value of the Ordinary 
Shares from the date of the award, and the trustee has acquired the current 
value of the Ordinary Shares. 
 
 
Dividend rights and the majority of voting rights are waived in relation to the 
Ordinary Shares for as long as the joint ownership is retained. 
 
 
Under these arrangements, each participant will benefit from growth in value of 
an Ordinary Share above 268.8p per share. The awards cannot be exercised within 
3 years of the award date except in very limited circumstances. Each participant 
was required to pay an amount of 1.37 pence per share for the award. As a 
general rule awards made to participants who leave employment prior to vesting 
will lapse. In the event that a participant leaves as a result of a qualifying 
reason they will receive their award in full.  Each award, unless exercised, 
will lapse on 9th December 2019. 
 
 
Both the Board and Remuneration have agreed that performance conditions need not 
be applied to these awards due to the awards being made either to secure the 
appointment of key staff or in recognition of a significant new area of 
responsibility.  Mr Gorham was granted the award in relation to his appointment 
to Chief Operating Officer, Ms Taylor in relation to her appointment as Group 
Finance Director, and Mr Davies in relation to his additional responsibility for 
Corporate Pensions. 
 
Hargreaves Lansdown (Nominees) Limited is the registered shareholder as nominee 
for the above transactions. The transaction took place in Bristol on 9th 
December 2009, notified on 14th December 2009. 
 
 
For further information contact 
 
 
Simon Power 
Company Secretary 
Hargreaves Lansdown 
0117 988 9880 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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