14 February 2024
Hercules Site Services plc
("Hercules" or "the Company")
Grant of Options
Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply company for the UK infrastructure sector, announces that options ("Options") to subscribe for a total of 493,250 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") were granted on 13 February 2024 to certain employees of the Company.
The Options vest on 4 February 2027 and have an exercise price of 35.43 pence each, exercisable over the 2 years to 3 February 2029.
Granting of Options to PDMRs
As part of this grant of Options, certain persons discharging managerial responsibility ("PDMRs") of the Company have received Options as follows:
Name | Position | Number of Options granted | Total number of share options following this grant |
Julie Davis | Group Financial Controller | 117,300 | 117,300 |
Wayne Phillips | Compliance Director | 50,000 | 225,950 |
For further information and enquiries, please contact:
Hercules Site Services plc Brusk Korkmaz (CEO) Paul Wheatcroft (CFO) | c/o SEC Newgate |
| |
SP Angel (Nominated Adviser and Joint Broker) Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance) Grant Barker / Rob Rees (Sales and Broking) | +44 (0) 20 3470 0470 |
| |
Cavendish Securities plc (Joint Broker) Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking) | +44 (0) 20 7397 8900
|
| |
SEC Newgate (Financial Communications) Elisabeth Cowell / Ian Silvera / Matthew Elliott | +44 (0) 20 3757 6882
|
About Hercules Site Services PLC
Hercules is a leading tech enabled labour supply company for the UK infrastructure sector. Founded in 2008, Hercules has an established track record of profitability and fast-growth and has built a blue-chip customer base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler and Volker Fitzpatrick. The Company has been appointed to provide labour for a range of high-profile infrastructure projects, such as HS2, due to its agile, innovative, digital first approach and complete service offering. It is well-placed to benefit from any government increase in infrastructure spending and its experienced management team has identified multiple opportunities for growth.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | 1) Julie Davis 2) Wayne Philips | |||
2
| Reason for the notification
| ||||
a)
| Position/status | 1) Group Financial Controller 2) Compliance Director | |||
b)
| Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | Hercules Site Services plc | |||
b)
| LEI | 213800P7Z6MXNSM4OQ50 | |||
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 | Ordinary Shares of £0.001 each | |||
| | ||||
Identification code | ISIN: GB00BPVBVZ82 | ||||
| | ||||
b)
| Nature of the transaction | Grant of share options | |||
c)
| Price(s) and volume(s) | | | | |
| | Price(s) | Volume(s) | | |
| | 35.43p 35.43p
| 117,300 50,000 |
| |
| | | | | |
d)
| Aggregated information | | |||
| | ||||
- Aggregated volume | N/A - Single transaction | ||||
| | ||||
- Price | | ||||
| | ||||
e)
| Date of the transaction
| 13 February 2024 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.