Long Term Incentive Plan

RNS Number : 8096R

Hargreaves Services PLC

30 October 2013

 

For immediate release

30 October 2013

HARGREAVES SERVICES PLC

("Hargreaves" or the "Company")

Long Term Incentive Plan ("LTIP")

Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuel and bulk material logistics, advises that conditional awards involving 192,098 ordinary shares of 10p each ("Ordinary Shares") were granted today under the LTIP rules to a number of employees.

Included within the allocation were awards made to the following Directors:

Director	Maximum number of Ordinary Shares awarded
Gordon Banham (Chief Executive)	50,484
Iain Cockburn (Finance Director)	25,242
Kevin Dougan (Group Commercial Director)	18,798

The number of Ordinary Shares stated is the maximum available to the persons named above on satisfaction of the performance target in full.  The earliest date on which the persons named above would become beneficially entitled to the Ordinary Shares comprised in the awards is 30 October 2016 which follows the performance period defined in the LTIP.

The total number of voting rights in the Company is 33,068,121.

For further details:

Hargreaves Services	0191 373 4485
Gordon Banham, Group Chief Executive
Iain Cockburn, Group Finance Director
Buchanan	020 7466 5000
Mark Court / Fiona Henson / Sophie Cowles
N+1 Singer (Nomad & Joint Broker)	020 7496 3000
Sandy Fraser / Nick Owen
Jefferies International Limited (Joint Broker)	020 7029 8000
Sara Hale / Harry Nicholas

 

END

 

 

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