18th Nov 2013 18:54
LONDON (Alliance News) - Hargreaves Lansdown PLC has said that Chief Executive Ian Gorham Monday sold 715,000 shares after exercising options over 800,000 shares at a price of 458.23 pence each, under the unapproved executive share option scheme.
He sold the shares at GBP11.79 each.
"Part of this sale was made to meet taxation arising on exercise of the share options and partly to meet the purchase costs of increasing his shareholding in the company. The number of ordinary shares sold represented 0.151% of the ordinary shares in issue," the stockbroker said in a statement.
Gorham now has an additional 85,000 ordinary shares, thus increasing his shareholding in Hargreaves Lansdown to a total 442,628 shares, representing 0.093% of the ordinary shares in issue, from 357,628 shares.
Gorham still has 64,109 unexercised share options in a number of schemes.
Hargreaves Lansdown shares Monday closed at 1,179.23 pence, up 0.02%.
By Samuel Agini; [email protected]; @samuelagini
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