The proposed acquisition of Hargreaves Lansdown by Harp Bidco Limited, a newly formed company indirectly owned by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp and Platinum Ivy B 2018 RSC Limited, has secured Court approval.

HL and Bidco today announced that the Court has today made the Court Order sanctioning the Scheme pursuant to which the Acquisition is being implemented.

The Scheme remains conditional on, and will become effective upon, the Court Order being delivered to the Registrar of Companies, which is expected to occur on 24 March 2025. The Scheme Record Time is expected to be 6.00 p.m. on 21 March 2025, at which time CREST will be disabled in respect of the HL Shares.

Applications have been made for the suspension, and subsequent cancellation, of trading in HL Shares on the London Stock Exchange’s main market for listed securities and of the listing of HL Shares on the equity shares (commercial companies) category of the Official List.

Listing of HL Shares on the Official List and dealings in HL Shares on the Main Market are each expected to be suspended with effect from 7.30 a.m. on 24 March 2025. The last day for dealings in, and for registration of transfers of, HL Shares is therefore expected to be 21 March 2025.

Subject to the Scheme becoming Effective on 24 March 2025, it is also expected that the listing of HL Shares on the Official List will be cancelled and that HL Shares will cease to be admitted to trading on the Main Market, in each case with effect from 8.00 a.m. on 25 March 2025.

The UK Financial Conduct Authority (FCA) approved the proposed acquisition on February 28, 2025.