TIDMHSP
RNS Number : 2372H
Hargreaves Services PLC
02 August 2021
2 August 2021
HARGREAVES SERVICES PLC
(the "Group" or "Hargreaves")
Share Option Awards to Executive Directors and PDMRs
Hargreaves Services plc (AIM: HSP), a diversified group
delivering key projects and services to the industrial and property
sectors, announces that a total of 146,532 options ("LTIP Options")
were awarded on 2 August 2021 to Gordon Banham, John Samuel and
David Anderson (all directors of Hargreaves) and Stephen Barker,
Sean Hager and Niall Fraser (all directors of subsidiary companies
of the Group and PDMRs) to subscribe for ordinary shares of 10p
each pursuant to the Company's Long Term Incentive Plan (Hargreaves
Services plc Executive Share Option Scheme). Additionally, Stephen
Craigen, PDMR, was awarded a total of 14,820 options ("Deferred
LTIP Options") on 2 August 2021 under the Company's 2021 Deferred
Share Bonus Scheme J. The awards comprise the following
allocations:
G Banham (Group Chief Executive) 41,611
J Samuel (Group Finance Director) 41,611
D Anderson (Group Property Director) 22,292
S Barker (Subsidiary Managing Director) 16,010
S Hager (Subsidiary Managing Director) 12,880
N Fraser (Subsidiary Director) 12,128
S Craigen (Group Financial Controller) 14,820
The LTIP Options are exercisable at an exercise price of 10p per
ordinary share from 3 August 2024 but are only exercisable to the
extent that certain performance criteria are achieved by the Group
over a three year performance period commencing 1 June 2021. The
options must be exercised before 2 August 2026.
Following the above option awards, the respective interests of
Gordon Banham, John Samuel and David Anderson in the share capital
of the Company are as follows:
Ordinary Shares % of issued Vested but Unvested options
share capital unexercised options
Gordon Banham 2,646,825 8.20% Nil 229,682
---------------- -------------- --------------------- -----------------
John Samuel 28,000 0.09% Nil 229,682
---------------- -------------- --------------------- -----------------
David Anderson 32,775 0.10% Nil 137,819
---------------- -------------- --------------------- -----------------
The Deferred LTIP Options issued to Stephen Craigen will vest on
3 August 2024, subject only to continued employment at that date.
These options have a nil cost of exercise and must also be
exercised before 2 August 2026.
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 Gordon Banham
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ---------------------------------------------
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) 41,611 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Off market transaction
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name John Samuel
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Group Finance 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) 41,611 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Off market transaction
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Anderson
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Group Property 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) 22,292 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
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 Managing 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) 16,010 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
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 Managing 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) 12,880 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
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 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) 12,128 options at an exercise price of 10p
per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
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
-------------------------- ---------------------------------------------
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) 14,820 options at an exercise price of Nil
p per ordinary share
-------------------------- ---------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ---------------------------------------------
e) Date of the transaction 2 August 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Off market transaction
-------------------------- ---------------------------------------------
For further details:
Hargreaves Services plc www.hsgplc.co.uk
Gordon Banham, Group Chief Executive Tel: 0191 373 4485
John Samuel, Group Finance Director
Walbrook PR (Financial PR & IR) Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com
Paul McManus/Lianne Cawthorne Mob: 07980 541 893/07584 391 303
Singer Capital Markets Tel: 020 7496 3000
(NOMAD and Joint Corporate Broker)
Sandy Fraser/Justin McKeegan/Rachel
Hayes
Investec (Joint Corporate Broker) Tel: 020 7597 5970
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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