Grant of Options

Hercules Site Services PLC
14 February 2024
 

14 February 2024

 

 Hercules Site Services plc 

("Hercules" or "the Company")

 

Grant of Options

 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply company for the UK infrastructure sector, announces that options ("Options") to subscribe for a total of 493,250 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") were granted on 13 February 2024 to certain employees of the Company.

 

The Options vest on 4 February 2027 and have an exercise price of 35.43 pence each, exercisable over the 2 years to 3 February 2029.

 

Granting of Options to PDMRs

 

As part of this grant of Options, certain persons discharging managerial responsibility ("PDMRs") of the Company have received Options as follows:

 

Name

Position

Number of Options granted

Total number of share options following this grant

Julie Davis

Group Financial Controller

117,300

117,300

Wayne Phillips

Compliance Director

50,000

225,950

 

 

For further information and enquiries, please contact:

 

Hercules Site Services plc

Brusk Korkmaz (CEO)

Paul Wheatcroft (CFO)

                 c/o SEC Newgate

 


SP Angel (Nominated Adviser and Joint Broker)

Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance)

Grant Barker / Rob Rees (Sales and Broking)

            +44 (0) 20 3470 0470

 


Cavendish Securities plc (Joint Broker)

Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

            +44 (0) 20 7397 8900

 

 


SEC Newgate (Financial Communications)

Elisabeth Cowell / Ian Silvera / Matthew Elliott

           +44 (0) 20 3757 6882

Hercules@secnewgate.co.uk

 

 

About Hercules Site Services PLC

 

Hercules is a leading tech enabled labour supply company for the UK infrastructure sector. Founded in 2008, Hercules has an established track record of profitability and fast-growth and has built a blue-chip customer base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler and Volker Fitzpatrick. The Company has been appointed to provide labour for a range of high-profile infrastructure projects, such as HS2, due to its agile, innovative, digital first approach and complete service offering. It is well-placed to benefit from any government increase in infrastructure spending and its experienced management team has identified multiple opportunities for growth.

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

1)    Julie Davis

2)    Wayne Philips

2

 

Reason for the notification

 

a)

 

Position/status

1)    Group Financial Controller

2)    Compliance Director

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

Hercules Site Services plc

b)

 

LEI

213800P7Z6MXNSM4OQ50

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

Ordinary Shares of £0.001 each



Identification code

ISIN: GB00BPVBVZ82



b)

 

Nature of the transaction

Grant of share options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




35.43p

35.43p

 

117,300

50,000

 

 






d)

 

Aggregated information




- Aggregated volume

N/A - Single transaction



- Price




e)

 

Date of the transaction

 

13 February 2024

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 

 

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