Share options awards

RNS Number : 5196U

Hargreaves Services PLC

01 August 2022

 

HARGREAVES SERVICES PLC

("Hargreaves" or the "Group")

Share Option Awards to Directors, PDMRs and Senior Employees

Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services to the industrial and property sectors, announces that a total of 118,584 options ("LTIP Options") were awarded on 1 August 2022 to David Anderson (a director of Hargreaves) and Stephen Barker, Sean Hager and Niall Fraser (all directors of subsidiary companies of the Group and PDMRs) and Stephen Craigen (a PDMR) along with seven other senior non-PDMR employees to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan (Hargreaves Services plc Executive Share Option Scheme). The awards comprise the following allocations:

David Anderson	22,671
Stephen Barker	16,283
Sean Hager	13,099
Niall Fraser	13,099
Stephen Craigen	10,932
Seven senior non-PDMR employees	42,500

The LTIP Options are exercisable at an exercise price of 10p per ordinary share between the period of 2 August 2025 and 1 August 2027.

Following the above option awards, the interests of David Anderson in the share capital of the Company are as follows:

	Ordinary Shares	% of issued share capital	Vested but unexercised options	Unvested options
David Anderson	80,771	0.24%	Nil	96,333

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Anderson
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial
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	Grant of options over ordinary shares of 10p each in Hargreaves Services plc  ISIN: GB00B0MTC970
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	22,671 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Barker
2	Reason for the notification
a)	Position/status	Subsidiary Director & PDMR
b)	Initial notification /Amendment	Initial
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	Grant of options over ordinary shares of 10p each in Hargreaves Services plc  ISIN: GB00B0MTC970
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	16,283 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sean Hager
2	Reason for the notification
a)	Position/status	Subsidiary Director & PDMR
b)	Initial notification /Amendment	Initial
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	Grant of options over ordinary shares of 10p each in Hargreaves Services plc  ISIN: GB00B0MTC970
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	13,099 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Niall Fraser
2	Reason for the notification
a)	Position/status	Subsidiary Director & PDMR
b)	Initial notification /Amendment	Initial
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	Grant of options over ordinary shares of 10p each in Hargreaves Services plc  ISIN: GB00B0MTC970
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	13,099 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Craigen
2	Reason for the notification
a)	Position/status	Group Financial Controller & PDMR
b)	Initial notification /Amendment	Initial
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	Grant of options over ordinary shares of 10p each in Hargreaves Services plc  ISIN: GB00B0MTC970
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	10,932 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Off market transaction

For further details:

Hargreaves Services plc Gordon Banham, Group Chief Executive 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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