RNS Number : 0430G
Hargreaves Lansdown PLC
07 March 2024
 

Hargreaves Lansdown plc ("the Company")

Director/PDMR/PCA Transaction - Initial Notification

 

The Company announces that Richard Hebdon a director/person discharging managerial responsibility in the Company has been granted nil-cost options over 35,463 ordinary shares in the Company under the Sustained Performance Plan II. The grant took place on Wednesday 06 March 2024.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Richard Hebdon

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

INITIAL NOTIFICATION

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

 

HARGREAVES LANSDOWN PLC

b)

 

LEI

 

2138008ZCE93ZDSESG90

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

ORDINARY SHARES

 


GB00B1VZ0M25 

 

b)

 

Nature of the transaction

GRANT OF OPTIONs UNDER sustained performance plan II

c)

 

Price(s) and volume(s)

 

 

 

 Price(s)

Volume(s)

 GBP£ Nil cost

35,463

 d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

Grant of options over 35,463 ordinary shares at nil cost per ordinary share 

e)

 

Date of the transaction

 

 

06 March 2024

f)

 

Place of the transaction

 

 

OUTSIDE A TRADING VENUE

 

 

The nil-cost options will become exercisable on vesting dates shown below, subject to continuous employment with Hargreaves Lansdown plc.

 

Number of shares subject to option

Vesting date

Option price

Arrangement

1,009

27 March 2025

Nil Cost

Listing Rule 9.4.2 arrangement

1,009

27 March 2026

Nil Cost

Listing Rule 9.4.2 arrangement

1,009

27 March 2027

Nil Cost

Listing Rule 9.4.2 arrangement

14,978

06 March 2024

Nil Cost

Listing Rule 9.4.2 arrangement

9,304

14 February 2025

Nil Cost

Listing Rule 9.4.2 arrangement

8,154

20 February 2026

Nil Cost

Listing Rule 9.4.2 arrangement

 

 

Buy-Out Awards

 

The nil-cost options were awarded to Richard Hebdon under an arrangement to which Listing Rule 9.4.2 applies in respect of the buy-out of the share option arrangements Richard Hebdon forfeited on leaving their previous employment. 

 

The Remuneration Committee believes that the award fairly reflects the value of awards Richard Hebdon forfeited on leaving his previous employment in terms of value and timescale of vesting.

  

 

This announcement is made in accordance with the requirements of DTR 3.1.4.

 

 

 

Claire Chapman

Company Secretary

 

Enquiries:

Danny Cox, Head of Communications (07989 672 071)

James Found, Head of Investor Relations (07970 066 634)

 

Copies of our announcements are available on our website http://www.hl.co.uk/investor-relations/regulatory-announcements 

 

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