PDMR Dealing, Exercise of Options and TVR

Source: RNS
RNS Number : 9441E
Hargreaves Services PLC
20 September 2024
 

 

20 September 2024

Hargreaves Services plc

("Hargreaves", the "Company", or the "Group")

 

PDMR/PCA Dealing, 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 19 September 2024, Stephen Craigen (a PDMR) transferred 5,203 ordinary shares in the capital of the Company (Ordinary Shares) to his wife, Rebecca Craigen, at nil consideration per share. Following this transaction, Mr Craigen's aggregate beneficial holding, including his connected persons' interests, is unchanged at 20,715 Ordinary Shares representing 0.06% of the total issued share capital.

 

On 18 September 2024, Gordon Banham exercised options over 28,301 Ordinary Shares at an exercise price of ten pence per share. The options were granted under the Company's Executive Share Option Scheme 2021. Following the exercise, Mr Banham intends to transfer 28,301 Ordinary Shares in the Company to GB Holdings (2021) Limited, a company wholly owned by him, at nil consideration per Ordinary Share. The option exercise by Mr Banham was satisfied by a transfer of shares from treasury.

 

Following the above exercise and transfer, Mr Banham's beneficial shareholding is 2,788,211 Ordinary Shares, representing 8.46% of the total issued share capital.

 

Furthermore, on 18 September 2024, 18,867 Ordinary Shares were transferred from treasury to satisfy the exercise of options by another employee at an exercise price of 10 pence per Ordinary Share. The options were granted under the Company's Executive Share Option Scheme 2021

 

Total Voting Rights

 

Following the above transfers, 176,981 Ordinary Shares remain in treasury and the total number of voting rights in the Company are 32,961,775. 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 Financial Officer

 

www.hsgplc.co.uk

Tel: 0191 373 4485

Walbrook PR (Financial PR & IR)

Paul McManus/ Louis Ashe-Jepson/

Charlotte Edgar 

Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com

Mob: 07980 541 893/07747 515 393/

07884 664 686

 

 

Singer Capital Markets (Nomad and Corporate Broker)

Sandy Fraser/Phil Davies/Sam Butcher

 

Tel: 020 7496 3000

Cavendish Capital Markets Ltd (Joint Corporate Broker)

Katy Birkin/Hamish Waller - Corporate Finance

Jasper Berry/Tim Redfern - Sales ECM

 

Tel: 020 7220 0500

 

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  

Stephen Craigen

 

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

Transfer of Ordinary Shares

 

 

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

nil

5,203



d)

Aggregated information

 - Aggregated volume

 - Price

 

N/A

 

e)

 

Date of the transaction

19 September 2024

 

f)

 

Place of the transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name  

Gordon Banham

 

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)    Transfer of Ordinary Shares

 

 

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

1)    10p

2)    nil

1)    28,301

2)    28,301



d)

Aggregated information

 - Aggregated volume

 - Price

 

N/A

 

e)

 

Date of the transaction

18 September 2024

 

f)

 

Place of the transaction

Outside of a trading venue

 

 

 

 

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