Hargreaves Services PLC Admission of Tungsten West plc to AIM (8006P)

TIDMHSP

RNS Number : 8006P

Hargreaves Services PLC

21 October 2021

Hargreaves Services plc

("Hargreaves" or the "Group")

Admission of Tungsten West plc to the Alternative Investment Market

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, notes today's admission of shares in Tungsten West plc ("TWL") to trading on the Alternative Investment Market ("AIM").

The Group is party to an exclusive Mining Services Agreement with Drakelands Restoration Limited ("DRL"), a subsidiary of TWL, details of which are disclosed in the Admission Document of TWL which can be accessed at:

https://www.tungstenwest.com/aim-admission-document.

One aspect of this agreement is that independent of any mining activity being carried out at the site, DRL is due to pay Hargreaves GBP1m on 29 November 2021 and an equivalent sum each year for the following seven years.

The Board congratulates TWL on their admission to AIM and wishes them every success.

For further details:

 
 Hargreaves Services                                                                   www.hsgplc.co.uk 
  Gordon Banham, Chief Executive Officer                                             Tel: 0191 373 4485 
  John Samuel, Group Finance Director 
 Walbrook PR (Financial PR &                    Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com 
  IR)                                                                Mob: 07980 541 893 / 07584 391 303 
  Paul McManus /Lianne Cawthorne 
 Singer Capital Markets (Nomad and Joint                                             Tel: 020 7496 3000 
  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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