HPS Hercules Props.

RNS Number:1965P
Hercules Property Services PLC
24 December 2001

Hercules Property Services PLC


24 December 2001



Hercules Property Services PLC ("Hercules" or the "Company")


Additional Listing / Director's holding


Application has been made to the UK Listing Authority and to the London Stock
Exchange for the additional listing of 100,000 ordinary shares of 5p each
("New Ordinary Shares"). The New Ordinary Shares are to be issued pursuant to
the exercise of options by Mr. Larry Lipman, Chairman of Hercules, under the
Company's Unapproved Executive Share Option Scheme.


Hercules announces that Mr Lipman sold the New Ordinary Shares to an
institutional investor at 665pence per share on Friday, 21 December 2001. The
New Ordinary Shares represent approximately 0.56 per cent. of the Company's
enlarged issued share capital. Mr Lipman's shareholding in the Company remains
unchanged at 51,752 Ordinary Shares (representing 0.29 per cent. of the
enlarged issued share capital of the Company) as a result of this sale. Mr
Lipman also holds a one-third beneficial interest in Safeland Holdings
Corporation which holds 958,603 Ordinary Shares.


The New Ordinary Shares will be issued credited as fully paid and will, on
issue, rank pari passu in all respects with the existing issued ordinary share
capital of the Company. Following the issue of the New Ordinary Shares, the
Company will have 17,963,348 Ordinary Shares in issue.


It is expected that Admission will become effective and that dealings in the
New Ordinary Shares on the Official List will commence on 31 December 2001.


END

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