Exercise of Options and TVR

Hargreaves Services PLC

06 September 2023

 

Hargreaves Services plc

("Hargreaves" or the "Group") 

Exercise of Options and Total Voting Rights

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that on 6 September 2023, Niall Fraser (a PDMR) exercised options over 27,671 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of nil pence per share. The options were granted under the Company's 2020 Deferred Share Bonus Scheme H and 13,050 of the Ordinary Shares issued pursuant to the exercise were sold immediately at 462.5 pence per Ordinary Share to fund associated tax and NI liabilities.

The option exercise was satisfied by a transfer of shares from treasury. Following the transfer, 457,617 Ordinary Shares remain in treasury and the new total number of voting rights in the Company is 32,681,139. 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.

For further details: 

Hargreaves Services Gordon Banham, Chief Executive Officer Stephen Craigen, 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 Corporate Broker) Sandy Fraser / Justin McKeegan		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.

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	Niall Fraser
2	Reason for the notification
a)	Position/status	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 in Hargreaves Services plc ISIN: GB00B0MTC970
b)	Nature of the transaction	1)    Exercise of Options 2)    Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1) nil 2) 462.5p 1)    27,671 2)    13,050 (Sale)
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	6 September 2023
f)	Place of the transaction	1)    Outside of a trading venue 2)    London Stock Exchange, AIM

 

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