Stephen Lansdown trebles stake in Ravenscroft

Tuesday 08 September 2015

The Channel Islands-based co-founder of the financial services company Hargreaves Lansdown has trebled his shareholding in Ravenscroft Limited.

Pula Investments Limited, Mr Lansdown’s family office, has increased its shareholding in Ravenscroft, the Channel Islands’ only independent stockbroking and investment management firm with operations in Jersey, Guernsey and the UK, from 9.36% to 27.86% at a cost of more than £9m.

Mr Lansdown previously owned 1,050,000 shares in Ravenscroft however, he has now agreed to purchase an additional 2,650,000 shares at 350 pence per share from existing shareholders.

Ravenscroft’s Jersey Chief Executive Officer, Haydn Taylor, said Mr Lansdown’s increased stake in Ravenscroft was a major statement of support for the business and the approach it takes.

"Here in Jersey, we look forward to benefitting from Stephen’s extensive knowledge of the financial services industry as we build out our business with a clear focus on providing a very personal service to local private and professional clients as we have very successfully done in Guernsey," said Mr Taylor.

"We see our independence as being critical to the service we provide and this is therefore an exciting development for us which will enable us to continue to develop investment opportunities suited to the local market."

The changes in share capital have been approved by the Jersey Financial Services Commission, the Guernsey Financial Services Commission and the United Kingdom Financial Conduct Authority.