The UK Financial Conduct Authority (FCA) has cancelled the listing of Hargreaves Lansdown Shares on the equity shares (commercial companies) category of the Official List and the London Stock Exchange has cancelled the trading of HL Shares on its main market for listed securities, in each case with effect from 8.00 a.m. today, 25 March 2025.
The scheme of arrangement for the Hargreaves Lansdown acquisition by Harp Bidco Limited became effective yesterday.
Harp Bidco Limited (“Bidco”) is a newly formed company indirectly owned by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp (acting through its general partner, Nordic Capital XI Delta GP SARL) and Platinum Ivy B 2018 RSC Limited.
On 9 August 2024, the HL Independent Directors and the board of directors of Bidco announced that they had reached agreement on the terms and conditions of a recommended final cash acquisition of the entire issued and to be issued ordinary share capital of HL by Bidco.
