Hargreaves Lansdown PLC Director/PDMR Shareholding (3801A)
February 18 2014 - 1:15PM
UK Regulatory
TIDMHL.
RNS Number : 3801A
Hargreaves Lansdown PLC
18 February 2014
Hargreaves Lansdown plc ("the Company")
DIRECTOR / PDMR Shareholding
18(th) February 2014
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 17th February 2014 under the
Hargreaves Lansdown Unapproved Share Option Plan 2012 ("the
Plan").
The awards have an exercise price of GBP13.29 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 2016.
The options may then be exercised at the Director/ PDMR's
discretion until 17th February 2020 (being the 6(th) 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 Total number of Total current Total percentage
which option granted shares over which shareholding shareholding
options are held (excluding options) (excluding options)
following
notification
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Ian Gorham Director 50,000 114,109 442,628 0.09%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Tracey Taylor Director 50,000 128,445 748,014 0.16%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Nigel Bence PDMR 50,000 382,927 189,118 0.04%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Lee Gardhouse PDMR 50,000 428,889 749,454 0.16%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Mark Dampier PDMR 50,000 229,639 799,262 0.17%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Ian Hunter PDMR 50,000 329,246 556,916 0.12%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Nick Marson PDMR 50,000 325,355 619,821 0.13%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
David Davies PDMR 50,000 459,109 3,689 0.001%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
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 17(th)
February 2014 under the Hargreaves Lansdown Deferred Performance
Bonus Plan ("the Plan").
Under the current terms of the Plan, all Directors/ PDMRs were
required to defer 10% of any bonus earned for the year ended 30
June 2013 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 2015 until 1 October 2016. Awards shall only vest where the
director remains in employment with the group.
Director Position Number of shares over Total number of Total current Total percentage
which option granted shares over which shareholding shareholding
options are held (excluding options) (excluding options)
following
notification
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Ian Gorham Director 16,865 130,974 442,628 0.09%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Tracey Taylor Director 7,713 136,158 748,014 0.16%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Lee Gardhouse PDMR 5,349 434,238 749,454 0.16%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Mark Dampier PDMR 3,659 233,298 799,262 0.17%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Ian Hunter PDMR 8,051 337,297 556,916 0.12%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
Nick Marson PDMR 7,488 332,843 619,821 0.13%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
David Davies PDMR 4,083 463,192 3,689 0.001%
-------------- --------- ---------------------- --------------------- --------------------- ---------------------
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSVVLFFZLFFBBZ
Hargreaves Lansdown (LSE:HL.)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hargreaves Lansdown (LSE:HL.)
Historical Stock Chart
From Jul 2023 to Jul 2024
