Director Dealings

RNS Number : 1610H

Hargreaves Services PLC

04 April 2022

 

Hargreaves Services plc

("Hargreaves" or the "Group")

Director Dealings

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that on 4 April 2022 three Directors exercised options over 167,586 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 2019 Share Option Scheme and all of the Ordinary Shares issued pursuant to the exercises were retained by the Directors. The Directors are responsible for the payment of all income tax and national insurance contributions (including employer's national insurance contributions) due on the exercise of these options.

The option exercises were satisfied by a transfer of shares from treasury.  Following the transfers, 611,118 Ordinary Shares remain in treasury and the new total number of voting rights in the Company is 32,527,638. 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.

The Directors who exercised options and their resultant shareholdings in the Company are as follows:

Roger McDowell exercised 112,557 options and now holds 462,557 Ordinary Shares representing 1.4%.

Gordon Banham exercised 29,704 options and now holds 2,676,529 Ordinary Shares representing 8.2%.

David Anderson exercised 25,325 options and now holds 58,100 Ordinary Shares representing 0.2%.

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	Roger McDowell
2	Reason for the notification
a)	Position/status	Director (PDMR)
b)	Initial notification /Amendment	Initial notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Hargreaves Services plc ISIN: GB00B0MTC970
b)	Nature of the transaction	Exercise of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  10p   112,557
d)	Aggregated information   - Aggregated volume  - Price	N/A - single transaction
e)	Date of the transaction	4 April 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gordon Banham
2	Reason for the notification
a)	Position/status	Director (PDMR)
b)	Initial notification /Amendment	Initial notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Hargreaves Services plc ISIN: GB00B0MTC970
b)	Nature of the transaction	Exercise of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10p 29,704
d)	Aggregated information   - Aggregated volume  - Price	N/A - single transaction
e)	Date of the transaction	4 April 2022
f)	Place of the transaction	Outside of a trading venue

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 /Amendment	Initial notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10p each in Hargreaves Services plc ISIN: GB00B0MTC970
b)	Nature of the transaction	Exercise of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 10p 25,325
d)	Aggregated information   - Aggregated volume  - Price	N/A - single transaction
e)	Date of the transaction	4 April 2022
f)	Place of the transaction	Outside of a trading venue

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 Applegarth / Louis Ashe-Jepson	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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