TIDMHSP

RNS Number : 6661S

Hargreaves Services PLC

07 November 2023

 
 
 

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 210,606 options ("LTIP Options") were awarded on 30 October 2023 to Stephen Craigen (a director of Hargreaves), David Anderson (a director of Hargreaves), Stephen Barker, Sean Hager and Niall Fraser (all directors of subsidiary companies of the Group and PDMRs), along with eighteen 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 2023). The awards comprise the following allocations:

 
Stephen Craigen                       25,272 
David Anderson                        31,041 
Stephen Barker                        22,727 
Sean Hager                            18,283 
Niall Fraser                          18,283 
Eighteen senior non-PDMR employees    95,000 
 

The LTIP Options are exercisable at an exercise price of 10p per ordinary share between the period of 31 October 2026 and 30 October 2028.

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

 
                    Ordinary Shares  % of issued share    Vested but    Unvested options 
                                          capital         unexercised 
                                                            options 
 Stephen Craigen        12,860             0.04%             Nil             51,024 
                   ----------------  -----------------  -------------  ----------------- 
 

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

 
                   Ordinary Shares  % of issued share    Vested but    Unvested options 
                                         capital         unexercised 
                                                           options 
 David Anderson        105,617            0.32%             Nil             76,004 
                  ----------------  -----------------  -------------  ----------------- 
 

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                        Stephen Craigen 
     --------------------------  --------------------------------------------- 
 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)      25,272 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     30 October 2023 
     --------------------------  --------------------------------------------- 
 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             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)      31,041 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     30 October 2023 
     --------------------------  --------------------------------------------- 
 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)      22,727 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     30 October 2023 
     --------------------------  --------------------------------------------- 
 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)      18,283 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     30 October 2023 
     --------------------------  --------------------------------------------- 
 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)      18,283 options at an exercise price of 10p 
                                   per ordinary share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     30 October 2023 
     --------------------------  --------------------------------------------- 
 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 
  Stephen Craigen, Group Finance Director 
 Walbrook PR (Financial PR & IR)            Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com 
  Paul McManus/Louis Ashe-Jepson                                   Mob: 07980 541 893/07747 515 393 
 Singer Capital Markets (Nomad and                                               Tel: 020 7496 3000 
  Joint Corporate Broker) 
  Justin McKeegan/Sandy Fraser 
 

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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(END) Dow Jones Newswires

November 07, 2023 06:34 ET (11:34 GMT)

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