Share options awards

RNS Number : 5196U
Hargreaves Services PLC
01 August 2022
 

 

 

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 118,584 options ("LTIP Options") were awarded on 1 August 2022 to David Anderson (a director of Hargreaves) and Stephen Barker, Sean Hager and Niall Fraser (all directors of subsidiary companies of the Group and PDMRs) and Stephen Craigen (a PDMR) along with seven 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). The awards comprise the following allocations:

 

David Anderson

        22,671

Stephen Barker

 16,283

Sean Hager

 13,099

Niall Fraser

 13,099

Stephen Craigen

 10,932

Seven senior non-PDMR employees

 42,500


The LTIP Options are exercisable at an exercise price of 10p per ordinary share between the period of 2 August 2025 and 1 August 2027.

 

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

80,771

0.24%

Nil

96,333

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

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)

22,671 options at an exercise price of 10p per ordinary share

d)

 

Aggregated information

 - Aggregated volume

 - Price 

N/A

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Off market transaction

 

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)

16,283 options at an exercise price of 10p per ordinary share

d)

 

Aggregated information

 - Aggregated volume

 - Price 

N/A

e)

Date of the transaction

1 August 2022

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)

13,099 options at an exercise price of 10p per ordinary share

d)

 

Aggregated information

 - Aggregated volume

 - Price 

N/A

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Off market transaction

 

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)

13,099 options at an exercise price of 10p per ordinary share

d)

 

Aggregated information

 - Aggregated volume

 - Price 

N/A

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Off market transaction

 

Details of the person discharging managerial responsibilities/person closely associated 

a)

Name

Stephen Craigen

2

Reason for the notification

a)

Position/status

Group Financial Controller & 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)

10,932 options at an exercise price of 10p per ordinary share

d)

 

Aggregated information

 - Aggregated volume

 - Price 

N/A

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Off market transaction

 

For further details:

 

Hargreaves Services plc

Gordon Banham, Group Chief Executive

John Samuel, Group Finance Director

 

www.hsgplc.co.uk

Tel: 0191 373 4485

Walbrook PR (Financial PR & IR)

Paul McManus/Lianne Applegarth/Louis Ashe-Jepson

 

  Tel: 020 7933 8780 or  hargreavesservices@walbrookpr.com

Mob: 07980 541 893/07584 391 303/07747 515 393

 

Singer Capital Markets

(NOMAD and Joint Corporate Broker)

Sandy Fraser/Justin McKeegan/Rachel Hayes

 

Tel: 020 7496 3000

Investec (Joint Corporate Broker)

Sara Hale/David Anderson/Shalin Bhamra

Tel: 020 7597 5970

 

 

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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