RNS Number : 6661S
Hargreaves Services PLC
07 November 2023


HARGRAEVES Logo_RGB

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 capital

Vested but

unexercised options

Unvested 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 capital

Vested but

unexercised options

Unvested 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 /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Grant of options over ordinary shares of 10p each in Hargreaves Services plc

ISIN: GB00B0MTC970

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

- Aggregated volume

- Price

N/A

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 /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Grant of options over ordinary shares of 10p each in Hargreaves Services plc

ISIN: GB00B0MTC970

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

- Aggregated volume

- Price

N/A

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 /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Grant of options over ordinary shares of 10p each in Hargreaves Services plc

ISIN: GB00B0MTC970

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

- Aggregated volume

- Price

N/A

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 /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Grant of options over ordinary shares of 10p each in Hargreaves Services plc

ISIN: GB00B0MTC970

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

- Aggregated volume

- Price

N/A

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 /Amendment

Initial

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 financial instrument, type of instrument

Identification code

Grant of options over ordinary shares of 10p each in Hargreaves Services plc

ISIN: GB00B0MTC970

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

- Aggregated volume

- Price

N/A

e)

Date of the transaction

30 October 2023

f)

Place of the transaction

Off market transaction

For further details:

Hargreaves Services plc

Gordon Banham, Group Chief Executive

Stephen Craigen, Group Finance Director

www.hsgplc.co.uk

Tel: 0191 373 4485

Walbrook PR (Financial PR & IR)

Paul McManus/Louis Ashe-Jepson

Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com

Mob: 07980 541 893/07747 515 393

Singer Capital Markets (Nomad and Joint Corporate Broker)

Justin McKeegan/Sandy Fraser

Tel: 020 7496 3000


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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