Director/PDMR Shareholding

RNS Number : 2372H

Hargreaves Services PLC

02 August 2021

 

2 August 2021

HARGREAVES SERVICES PLC

(the "Group" or "Hargreaves")

Share Option Awards to Executive Directors and PDMRs

Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services to the industrial and property sectors, announces that a total of 146,532 options ("LTIP Options") were awarded on 2 August 2021 to Gordon Banham, John Samuel and David Anderson (all directors of Hargreaves) and Stephen Barker, Sean Hager and Niall Fraser (all directors of subsidiary companies of the Group and PDMRs) to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan (Hargreaves Services plc Executive Share Option Scheme). Additionally, Stephen Craigen, PDMR, was awarded a total of 14,820 options ("Deferred LTIP Options") on 2 August 2021 under the Company's 2021 Deferred Share Bonus Scheme J. The awards comprise the following allocations:

G Banham (Group Chief Executive)	41,611
J Samuel (Group Finance Director)	41,611
D Anderson (Group Property Director)	22,292
S Barker (Subsidiary Managing Director)	16,010
S Hager (Subsidiary Managing Director)	12,880
N Fraser (Subsidiary Director)	12,128
S Craigen (Group Financial Controller)	14,820

The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 3 August 2024 but are only exercisable to the extent that certain performance criteria are achieved by the Group over a three year performance period commencing 1 June 2021. The options must be exercised before 2 August 2026.

Following the above option awards, the respective interests of Gordon Banham, John Samuel and David Anderson in the share capital of the Company are as follows:

	Ordinary Shares	% of issued share capital	Vested but unexercised options	Unvested options
Gordon Banham	2,646,825	8.20%	Nil	229,682
John Samuel	28,000	0.09%	Nil	229,682
David Anderson	32,775	0.10%	Nil	137,819

The Deferred LTIP Options issued to Stephen Craigen will vest on 3 August 2024, subject only to continued employment at that date. These options have a nil cost of exercise and must also be exercised before 2 August 2026.

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	Gordon Banham
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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)	41,611 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Samuel
2	Reason for the notification
a)	Position/status	Group Finance 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)	41,611 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
f)	Place of the transaction	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Anderson
2	Reason for the notification
a)	Position/status	Group Property 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)	22,292 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
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	Managing 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)	16,010 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
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	Managing 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)	12,880 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
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	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)	12,128 options at an exercise price of 10p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
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
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)	14,820 options at an exercise price of Nil p per ordinary share
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	2 August 2021
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 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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