24th Oct 2013 17:34
LONDON (Alliance News) - Hargreaves Lansdown PLC said Alexander Davies, managing director for Corporate & Pensions, Thursday exercised 333,334 share awards under the company's joint share ownership plan, before selling the shares.
At the award date of December 9, 2009, each share had a market value of 268.8 pence. On Thursday, the shares were sold at 1,167 pence, and Davies received the net amount of GBP9 per share or GBP3.0 million.
Davies now has no awards outstanding under the company's joint share ownership plan, but still has a shareholding of 1.2 million shares, or 0.2% of the company.
Hargreaves Lansdown shares Thursday closed at 1,185.00 pence, down 1.2%.
By Samuel Agini; [email protected]; @samuelagini
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