The Annual General Meeting (AGM) of Hargreaves Lansdown plc will be held at The Bristol Hotel, Prince Street, Bristol BS1 4QF on Friday 8 December 2023 at 11.00am

The proposed resolutions include approval of the directors’ remuneration policy. The proposals envisage cutting the maximum bonuses.

Under the current policy, the maximum bonus opportunity amounts to 400% of base salary for the CEO and 350% for the CFO.

Under the proposals, there will be reduction of the annual bonus maximum opportunity to 250% and 220% of salary for the CEO and CFO respectively.

According to the current policy, the on-target bonus offers 50% of maximum opportunity for all Executive Directors. The on-target bonus will remain at 50% of maximum opportunity, under the proposals.

Under the current policy, a proportion of the bonus is deferred over three years, with a further post-vesting holding period applicable as required under regulation.

Deferral is higher of 40% of annual bonus awarded and 60% of total variable pay in line with the Investment Firm Prudential Regime (IFPR) regulatory requirements. Awards will be delivered in an appropriate combination of cash and shares, in line with regulatory requirements, with a minimum of 50% of total variable pay delivered over HL plc shares. The combination of cash and shares will be determined each year by the Committee.

Under the proposed policy, awards will continue to be delivered in a combination of cash and shares, with a minimum of 50% of total variable remuneration delivered over HL plc shares and subject to any further postvesting holding period applicable in line with regulatory requirements.

A proportion of total variable remuneration (normally 60%) will be subject to deferral to meet regulatory requirements, taking into account all variable pay awarded for the year, including any Performance Share Plan (PSP) and Sustained Performance Plan (SPP) awards.