Hargreaves Lansdown's Potential Takeover: A New Proposal on the Table

Hargreaves Lansdown PLC confirms receiving a new non-binding proposal from a consortium, offering 1,140p per share in cash. The board is open to engaging with the buyout consortium and has provided due diligence access, with a takeover decision deadline set for July 19.

Hargreaves Lansdown PLC: * OFFER UPDATE

* CONFIRMS THAT IT HAS RECEIVED A FURTHER NON-BINDING PROPOSAL FROM A CONSORTIUM * PROPOSED DEAL FOR 1,140P PER HARGREAVES LANSDOWN SHARE IN CASH

* HL BOARD OPEN TO ENGAGE WITH BUYOUT CONSORTIUM * BOARD REMAINS CONFIDENT IN MANAGEMENT'S ABILITY TO EXECUTE HARGREAVES LANSDOWN'S STRATEGIC PRIORITIES

* BOARD HAS DECIDED TO ENGAGE WITH CONSORTIUM AND PROVIDE CONFIRMATORY DUE DILIGENCE ACCESS * CONFIRMED TO CONSORTIUM THAT REVISED POSSIBLE CASH OFFER IS VALUE THAT BOARD WOULD BE WILLING TO RECOMMEND TO SHAREHOLDERS

* SETS DEADLINE FOR HL TAKEOVER DECISION TO JULY 19 Source text for Eikon: Further company coverage:

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