Overview
Stephen Lansdown co-founder of Hargreaves Lansdown, a UK-based provider of investment management and financial planning services, has sold 5.5 million shares, representing a 1.16% stake in the company.The shares sold on 24 April 2013, at a price of £9.60 per share ($14.64), for gross proceeds of approximately £53m ($80.57m). Lansdown still has 90 million shares in the Bristol-based company which represents a 19% stake.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In April he was ranked 95th on the Sunday Times Rich List, up from 152nd place the year before as his wealth increased from £549m to £900m. Lansdown left Hargreaves Lansdown’s board in November 2012 after founding the company with Peter Hargreaves in 1981, but he still remains the major shareholder of the company. In October 2010, Lansdown sold over £58m worth of shares in the company after he resigned as an executive director to become a non-executive director.
Stephen Lansdown
– Full Name: Mr. Stephen Philip Lansdown
– Known as: Stephen Lansdown
– Gender: Male
– Age: 60
– Date of birth/Year: 1952
– Citizenship: Nationality | British; Domicile | Guernsey
– Languages: English
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataLiquidity events
-24 April 2013 sale of 5.5 million shares in Hargreaves Landsdown for $81m
-October 2010 sale of $88m worth of shares in Hargreaves Landsdown
-April 2009 sale of 4.7% of share in Hargreaves Lansdown for $71.7m
Profile
Stephen Lansdown was co-founder and former chairman of Hargreaves Lansdown Plc, from which he stepped down in November 2012. He is equally well known as a majority shareholder of Bristol City Football Club and Bristol Rugby Club. His wealth is estimated to be £900m. He currently is non-executive director of Channel Islands Stock Exchange (CISX), effective from 19 April 2013.
For a more detailed profile of Stephen Lansdown see WealthInsight’s dossier: http://www.wealthinsight.com/Dossiers/Summary/45442
