Long Term Incentive Plan

RNS Number : 1653Y

Hargreaves Services PLC

17 December 2010

 

HARGREAVES SERVICES PLC

('the Company')

17 December 2010

Long Term Incentive Plan ('LTIP')

The Company advises that, on 16 December 2010, conditional awards involving 128,702 ordinary shares of 10p each ('Ordinary Shares') were made under the LTIP rules to a number of employees.

Included within the allocation were awards made to the following Directors:

Director                               Maximum number of Ordinary Shares awarded

Gordon Banham               39,031

Iain Cockburn                    19,133

Kevin Dougan                    13,661

The number of Ordinary Shares stated is the maximum available to the persons named above on satisfaction of the performance target in full.  The earliest date on which the persons named above would become beneficially entitled to the shares comprised in the awards is 16 December 2013 which follows the performance period defined in the LTIP.

The total number of voting rights in the Company is 26,810,388.

For further information, please contact:

Hargreaves Services plc                                                                                                                0191 373 4485

Gordon Banham

Iain Cockburn

Brewin Dolphin Investment Banking                                                                                      0845 2134730

Matt Davis

Sean Wyndham-Quinn

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