Hargreaves Services PLC Exercise of Options and TVR (6016L)

TIDMHSP

RNS Number : 6016L

Hargreaves Services PLC

06 September 2023

Hargreaves Services plc

("Hargreaves" or the "Group")

Exercise of Options and Total Voting Rights

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that on 6 September 2023, Niall Fraser (a PDMR) exercised options over 27,671 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of nil pence per share. The options were granted under the Company's 2020 Deferred Share Bonus Scheme H and 13,050 of the Ordinary Shares issued pursuant to the exercise were sold immediately at 462.5 pence per Ordinary Share to fund associated tax and NI liabilities.

The option exercise was satisfied by a transfer of shares from treasury. Following the transfer, 457,617 Ordinary Shares remain in treasury and the new total number of voting rights in the Company is 32,681,139. This latter figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

For further details:

 
 Hargreaves Services                                                                              www.hsgplc.co.uk 
  Gordon Banham, Chief Executive Officer                                                        Tel: [phone] 
  Stephen Craigen, Group Finance Director 
 Walbrook PR (Financial PR & IR)                           Tel: [phone] or [e-mail] 
  Paul McManus / Lianne Applegarth / Louis Ashe-Jepson          Mob: [phone] 
 Singer Capital Markets (Nomad and Corporate Broker)                                            Tel: [phone] 
  Sandy Fraser / Justin McKeegan 
 
 

About Hargreaves Services plc ( www.hsgplc.co.uk )

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company's three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH ("HRMS"). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks. Hargreaves Land is focused on the sustainable development of brownfield sites for both residential and commercial purposes. HRMS trades in specialist commodity markets and owns DK Recycling, a specialist recycler of steel waste material. Hargreaves is headquartered in County Durham and has operational centres across the UK, as well as in Hong Kong and a joint venture in Duisburg, Germany.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                        Niall Fraser 
     --------------------------  -------------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------ 
 a)   Position/status             PDMR 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                        Hargreaves Services plc 
     --------------------------  -------------------------------------------- 
 b)   LEI                         213800O17BER1SHMH466 
     --------------------------  -------------------------------------------- 
      Details of the transaction(s): section to be repeated for (i) 
  4    each type of instrument; (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions have been conducted 
     ------------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares in Hargreaves Services plc 
       financial instrument, 
       type of instrument 
       Identification code         ISIN: GB00B0MTC970 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction        1) Exercise of Options 
                                        2) S ale of Ordinary Shares 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)          Volume(s) 
                                          1) nil            1) 27,671 
                                           2) 462.5p         2) 13,050 (Sale) 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume               N/A 
       - Price 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction          6 September 2023 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction         1) Outside of a trading venue 
                                        2) London Stock Exchange, AIM 
     --------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHZZGGLFVVGFZM

(END) Dow Jones Newswires

September 06, 2023 09:29 ET (13:29 GMT)