Directors Dealings

RNS Number : 6334Z

Hargreaves Services PLC

24 September 2009

 



Hargreaves Services plc

24 September 2009

Directors Dealings

Hargreaves Services plc, a leading supplier of support services to the energy, mineral and waste sectors, received notification on 23 September 2009 of yesterday's successful placing with institutional investors of 1,530,252 ordinary shares by directors and other senior management at a price of 650p. The shares were placed in response to demand from institutional shareholders.  

The directors' dealings are summarised below:

Director	Amount of shares held prior to sale	Holding %	Amount of shares sold	Resulting holding	Resulting %
Gordon Banham	4,004,288	15.2	1,000,000	3,004,288	11.4
Kevin Dougan	529,288	2.0	370,252	159,036	0.6

The above holding calculations are based on the Company's issued share capital of 26,396,303 Ordinary Shares.  The Company does not hold any ordinary shares in Treasury.

The shares sold by Gordon Banham are the first shares that he has sold since acquiring his shareholding in April 2004.  Both directors have indicated that they have no intention of making further disposals over the next twelve months. 

Enquiries:

Hargreaves Services plc                             0191 373 4485

Gordon Banham, CEO

Iain Cockburn, Group Finance Director

Buchanan Communications                        0207 466 5000

Tim Anderson

Catherine Breen

Brewin Dolphin Investment Banking           0113 241 0130
Matt Davis

Graeme Summers 

 

END

 

 

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