Dampier sells £890k Hargreaves stake

Mark Dampier, head of research at Hargreaves Lansdown, has sold nearly £900,000 worth of shares in the company after exercising share options.

Dampier exercised options over 100,000 shares last Friday at an exercise price of 606.3p, the platform said, part of a grant made in 2011. He then sold 72,922 ordinary shares in the company at a price of £12.23 per share, for a total of £891,836. The group said: "This sale was made partly to meet taxation arising on exercising of the share options and partly to meet the purchase costs of increasing his shareholding in the company." Dampier has also transferred 13,000 ordinary shares to his son, for no consideration. He and his family members now hold a total of 806,695 shares in th...