Hargreaves Lansdown PLC Director/PDMR Shareholding (9535J)

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RNS Number : 9535J

Hargreaves Lansdown PLC

18 June 2014

Hargreaves Lansdown plc

("Hargreaves Lansdown plc" or "the Company")

DIRECTOR / PDMR Shareholding

18(th) June 2014

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons

Hargreaves Lansdown plc (the "Company") has received notification today from Lee Gardhouse, a PDMR, that on 17(th) June 2014, he exercised the following share options:

 
Name of Scheme                             No of shares exercised  Exercise Price  Grant Date 
Unapproved Executive Share Option Scheme   300,000                 606.3p          18(th) March 2011 
                                           ----------------------  --------------  -----------------

The market value at the date of exercise was GBP12.65. No new shares have been issued as a result of the exercise of the share options.

Following the exercise of the share options, Mr Gardhouse sold a total of 217,207 ordinary shares of 0.4 pence in the Company ("ordinary shares") at a price of GBP12.65 per share. This sale was made to meet the purchase costs of the shares and the taxation arising on exercise of the share options. The number of ordinary shares sold represented 0.046% of the ordinary shares in issue.

As a result of the transaction Mr Gardhouse retains an additional 82,793 ordinary shares, thus increasing his (including his connected persons) shareholding in Hargreaves Lansdown from 749,454 shares to a total 832,247 shares (0.18% of the ordinary shares in issue).

Following this exercise, Mr Gardhouse retains 134,238 unexercised share options in a number of schemes.

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

+44 (0) 117 988 9880

This information is provided by RNS

The company news service from the London Stock Exchange

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