Hargreaves Services PLC Transfer of shares held in Treasury/ PDMR Dealing (8165K)

TIDMHSP

RNS Number : 8165K

Hargreaves Services PLC

30 August 2023

Hargreaves Services plc

("Hargreaves", the "Company", or the "Group")

Transfer of shares held in Treasury/PDMR Dealing

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that, on 29 August 2023, David Anderson (Group Property Director and PDMR) exercised options over 47,517 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 10 pence per share. The options were granted under the Hargreaves Services plc Executive Share Option Scheme 2020 and all of the Ordinary Shares issued pursuant to the exercise were retained by him. David Anderson is responsible for the payment of all income tax and national insurance contributions due on the exercise of these options.

The option exercise was satisfied by a transfer of shares from treasury. Following the transfer, 539,241 Ordinary Shares remain in treasury and the total number of voting rights in the Company are 32,599,515. 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.

Following the above exercise, David Anderson's total shareholding is 105,617 Ordinary Shares, representing 0.32% of the total issued share capital.

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

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         David Anderson 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Director (PDMR) 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Hargreaves Services plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800O17BER1SHMH466 
     ---------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of               Ordinary Shares of 10p each in 
       the financial                Hargreaves Services plc 
       instrument, type 
       of instrument 
       Identification               ISIN: GB00B0MTC970 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the                     Exercise of options over Ordinary 
       transaction                       Shares 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                           10p        47,517 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated                       N/A - single transaction 
       volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction           29 August 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside of a trading venue 
     ---------------------------  ------------------------------------------ 
 
 
 For further details: 
 Hargreaves Services plc 
 Gordon Banham, Chief Executive                                             Tel: [phone] 
  Officer 
 Stephen Craigen, Group Finance 
  Director 
 
 Walbrook PR (Financial                Tel: [phone] or [e-mail] 
  PR & IR) 
 Paul McManus/Lianne Applegarth/                             Mob: [phone]/ 
 Louis Ashe-Jepson                                                               07747 515 393 
 
 Singer Capital Markets (Nomad                                              Tel: [phone] 
  & Corporate Broker) 
 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.

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August 30, 2023 05:32 ET (09:32 GMT)