Hargreaves Services plc
("Hargreaves" or the "Group")
Director/PDMR Shareholding
and Total Voting Rights
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that on 5 October 2021, Niall Fraser, Director of Blackwell Earthmoving Limited, a subsidiary of Hargreaves, exercised options over 14,929 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of nil pence per share. These options were granted under the Company's 2018 Deferred Share Bonus Scheme and all of the Ordinary Shares issued pursuant to the exercise were sold at 405 pence per Ordinary Share.
The option exercise was satisfied by a transfer of shares from treasury. Following the transfer, 812,221 Ordinary Shares remain in treasury and the new total number of voting rights in the Company is 32,326,535. 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.
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 | Director (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 of 10p each in Hargreaves Services plc
ISIN: GB00B0MTC970 | ||||||
| b) | Nature of the transaction | 1. Exercise of options 2. Sale of shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
1. N/A - single transaction 2. N/A - single transaction | ||||||
| e)
| Date of the transaction | 1. 5 October 2021 2. 5 October 2021 | ||||||
| f)
| Place of the transaction | 1. Outside of a trading venue 2. London Stock Exchange, AIM Market (XLON) | ||||||
For further details:
| Hargreaves Services Gordon Banham, Chief Executive Officer John Samuel, Group Finance Director
| Tel: 0191 373 4485 | ||
| Walbrook PR (Financial PR & IR) Paul McManus / Lianne Cawthorne
| Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com Mob: 07980 541 893 / 07584 391 303
| ||
| Singer Capital Markets (Nomad and Joint Corporate Broker) Sandy Fraser/Justin McKeegan/Rachel Hayes
| Tel: 020 7496 3000 | ||
| Investec (Joint Corporate Broker) Sara Hale/David Anderson/Shalin Bhamra | Tel: 020 7597 5970
| ||
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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