Admission of Tungsten West plc to AIM

RNS Number : 8006P

Hargreaves Services PLC

21 October 2021

 

Hargreaves Services plc

("Hargreaves" or the "Group")

Admission of Tungsten West plc to the Alternative Investment Market

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, notes today's admission of shares in Tungsten West plc ("TWL") to trading on the Alternative Investment Market ("AIM").

The Group is party to an exclusive Mining Services Agreement with Drakelands Restoration Limited ("DRL"), a subsidiary of TWL, details of which are disclosed in the Admission Document of TWL which can be accessed at:

https://www.tungstenwest.com/aim-admission-document.

One aspect of this agreement is that independent of any mining activity being carried out at the site, DRL is due to pay Hargreaves £1m on 29 November 2021 and an equivalent sum each year for the following seven years.

The Board congratulates TWL on their admission to AIM and wishes them every success.

For further details:  

Hargreaves Services Gordon Banham, Chief Executive Officer John Samuel, Group Finance Director		www.hsgplc.co.uk Tel: [phone]
Walbrook PR (Financial PR & IR) Paul McManus /Lianne Cawthorne	Tel: [phone] or [e-mail] Mob: [phone]
Singer Capital Markets (Nomad and Joint Corporate Broker) Sandy Fraser/Justin McKeegan/Rachel Hayes		Tel: [phone]
Investec (Joint Corporate Broker) Sara Hale/David Anderson/Shalin Bhamra		Tel: [phone]

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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