Hargreaves Lansdown plc (LON:HL) today announced that an application has been made to the Financial Conduct Authority (FCA) and the London Stock Exchange plc (LSE) for up to 800,000 ordinary shares of 0.4 pence each to trade on the main market of the LSE and to be admitted to the FCA’s Official List.
When issued, these Ordinary Shares will rank pari passu with the existing issued ordinary shares of the company.
The Ordinary Shares will be issued to the extent necessary to satisfy awards under certain of the Company’s share-based incentive arrangements which are expected to vest and, where applicable, be exercised on or around completion of the proposed acquisition of HL by Harp Bidco Limited pursuant to a proposed scheme of arrangement to be made under Part 26 of the Companies…
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