TIDMHSP

RNS Number : 5196U

Hargreaves Services PLC

01 August 2022

HARGREAVES SERVICES PLC

("Hargreaves" or the "Group")

Share Option Awards to Directors, PDMRs and Senior Employees

Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services to the industrial and property sectors, announces that a total of 118,584 options ("LTIP Options") were awarded on 1 August 2022 to David Anderson (a director of Hargreaves) and Stephen Barker, Sean Hager and Niall Fraser (all directors of subsidiary companies of the Group and PDMRs) and Stephen Craigen (a PDMR) along with seven other senior non-PDMR employees to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan (Hargreaves Services plc Executive Share Option Scheme). The awards comprise the following allocations:

 
David Anderson                      22,671 
Stephen Barker                      16,283 
Sean Hager                          13,099 
Niall Fraser                        13,099 
Stephen Craigen                     10,932 
Seven senior non-PDMR employees     42,500 
 

The LTIP Options are exercisable at an exercise price of 10p per ordinary share between the period of 2 August 2025 and 1 August 2027.

Following the above option awards, the interests of David Anderson in the share capital of the Company are as follows:

 
                   Ordinary Shares   % of issued      Vested but    Unvested options 
                                     share capital    unexercised 
                                                        options 
 David Anderson        80,771           0.24%            Nil             96,333 
                  ----------------  --------------  -------------  ----------------- 
 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        David Anderson 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Director 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Grant of options over ordinary shares of 10p 
       financial instrument,       each in Hargreaves Services plc 
       type of instrument          ISIN: GB00B0MTC970 
 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)      22,671 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1 August 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        Stephen Barker 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Subsidiary Director & PDMR 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Grant of options over ordinary shares of 10p 
       financial instrument,       each in Hargreaves Services plc 
       type of instrument          ISIN: GB00B0MTC970 
 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)      16,283 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1 August 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        Sean Hager 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Subsidiary Director & PDMR 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Grant of options over ordinary shares of 10p 
       financial instrument,       each in Hargreaves Services plc 
       type of instrument          ISIN: GB00B0MTC970 
 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)      13,099 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1 August 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        Niall Fraser 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Subsidiary Director & PDMR 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Grant of options over ordinary shares of 10p 
       financial instrument,       each in Hargreaves Services plc 
       type of instrument          ISIN: GB00B0MTC970 
 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)      13,099 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1 August 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        Stephen Craigen 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Group Financial Controller & PDMR 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Grant of options over ordinary shares of 10p 
       financial instrument,       each in Hargreaves Services plc 
       type of instrument          ISIN: GB00B0MTC970 
 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)      10,932 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1 August 2022 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  --------------------------------------------- 
 

For further details:

 
 Hargreaves                                                                                             www.hsgplc.co.uk 
 Services plc                                                                                         Tel: 0191 373 4485 
 Gordon Banham, 
 Group Chief 
 Executive 
 John Samuel, 
 Group Finance 
 Director 
 Walbrook PR                                                                                       Tel: 020 7933 8780 or 
 (Financial PR &                                                                          hargreavesservices@walbrookpr. 
 IR)                                                                                                                 com 
 Paul                                                                                       Mob: 07980 541 893/07584 391 
 McManus/Lianne                                                                                                303/07747 
 Applegarth/Louis                                                                                                515 393 
 Ashe-Jepson 
 Singer Capital                                                                                       Tel: 020 7496 3000 
 Markets 
 (NOMAD and Joint 
 Corporate 
 Broker) 
 Sandy 
 Fraser/Justin 
 McKeegan/Rachel 
 Hayes 
 Investec (Joint                                                                                      Tel: 020 7597 5970 
 Corporate 
 Broker) 
 Sara Hale/David 
 Anderson/Shalin 
 Bhamra 
 

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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END

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August 01, 2022 12:27 ET (16:27 GMT)

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