AGM Statement

RNS Number : 5831F

Hargreaves Services PLC

30 October 2018

 

30 October 2018

Hargreaves Services plc

("Hargreaves" or the "Group")

AGM Statement

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, will hold its Annual General Meeting ("AGM") later this morning. At the AGM, the Group's Chairman, Roger McDowell, will make the following statement:

"The Board is pleased to announce that trading is in line with revised expectations following the announcement that one of its customers, Wolf Minerals (UK) Limited, has ceased trading and the completion of the sale of Brockwell Energy Limited.

"Net funds of £15m received from the sale of Brockwell have been applied to reduce short term overdraft borrowings.   

"As previously announced, Peter Jones, a non-executive director, has decided to step down from the Board following today's AGM. I would like to thank Peter for his services and wish him well for the future. The recruitment of a further non-executive director is under consideration.

"The Board expects to provide a further trading update in early December 2018, prior to the announcement of the Group's interim results on 30 January 2019."

For further details: 

Hargreaves Services plc Gordon Banham, Chief Executive Officer John Samuel, Group Finance Director	0191 373 4485
Buchanan (Financial PR) Mark Court/Sophie Wills/Henry Wilson	020 7466 5000
N+1 Singer (Nomad and Joint Corporate Broker) Sandy Fraser/Rachel Hayes	020 7496 3000
Investec (Joint Corporate Broker)                                                            020 7597 5970 Sara Hale/Helene Comitis

 

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