The shares of Hargreaves Lansdown have been officially removed from the London Stock Exchange (LSE), following the cancellation of their listing by the UK Financial Conduct Authority (FCA). This delisting took effect on March 25, 2025, at 8:00 a.m.
This action comes after the completion of a scheme of arrangement that allowed for the acquisition of the company by Harp Bidco Limited. Harp Bidco is a newly created entity that is indirectly associated with several private equity firms, including CVC Private Equity Funds, Nordic Capital XI Delta, and Platinum Ivy 2018 RSC Limited.
On August 9, 2024, the Independent Directors of Hargreaves Lansdown, along with the Board of Bidco, announced they had agreed on terms for a recommended cash acquisition. This agreement includes all of the issued and outstanding ordinary share capital of Hargreaves Lansdown.
As a result of this acquisition and the subsequent actions taken by the FCA and the LSE, Hargreaves Lansdown’s shares are no longer available for trading on the main market for listed securities. The end of their presence on the LSE marks a significant transition in the company’s corporate structure and ownership.
Overall, the recent developments are part of a broader trend in which various financial entities are undergoing consolidation and restructuring in the financial services industry. Such activities often aim to create more competitive advantages, streamline operations, or enhance service delivery within the market.
In conclusion, the delisting signifies a major change for Hargreaves Lansdown as it embarks on a new chapter under new ownership, reshaping its operational landscape and potentially impacting its market approach in the future.