Hargreaves Services plc
("Hargreaves", the "Company", or the "Group")
PDMR Dealing
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that, on 21 December 2023, Gordon Banham (CEO and PDMR) exercised options over 83,381 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). The options were granted under the Hargreaves Services plc Executive Share Option Schemes 2019 and 2020 and all of the Ordinary Shares issued pursuant to the exercise were sold at a price of 10 pence per Ordinary Share.
The option exercise was satisfied by a transfer of shares from treasury. Following the transfer, 335,401 Ordinary Shares remain in treasury and the total number of voting rights in the Company are 32,803,355. This latter figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
Following the above exercise, Mr Banham sold his entire total holding of 113,085 Ordinary Shares in the Company to GB Holdings (2021) Limited, a company wholly owned by him, at a price of 10p per Ordinary Share realising total proceeds of £11,309.
Following the above transactions, the total shareholding by GB Holdings (2021) Limited is 2,759,910 Ordinary Shares, representing 8.41% of the total issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Gordon Banham | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | CEO (PDMR) | ||||||
| b) | Initial notification /Amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Hargreaves Services plc | ||||||
| b) | LEI | |||||||
| 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 | Ordinary Shares of 10p each in Hargreaves Services plc
ISIN: GB00B0MTC970
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| b) | Nature of the transaction | 1. Exercise of options over Ordinary Shares 2. Sale of Ordinary Shares
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| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
N/A
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| e)
| Date of the transaction | 21 December 2023
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| f)
| Place of the transaction | 1. Outside of a trading venue 2. London Stock Exchange, AIM
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| For further details: | | ||
| Hargreaves Services plc |
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| Gordon Banham, Chief Executive Officer | Tel: 0191 373 4485 | ||
| Stephen Craigen, Chief Financial Officer |
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| 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 | ||
| Charlotte Edgar | 07884 664 686 | ||
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| Singer Capital Markets (Nomad & Corporate Broker) | Tel: 020 7496 3000 | ||
| 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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