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Hargreaves Servs PLC (HSP)

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Tuesday 03 October, 2017

Hargreaves Servs PLC

AGM Trading Update and Directorate Changes

RNS Number : 4856S
Hargreaves Services PLC
03 October 2017
 

 

 

 

Hargreaves Services plc

("Hargreaves" or the "Group")

 

AGM Trading Update and Directorate Changes

 

 

Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services in the infrastructure, energy and property sectors, provides a trading update ahead of its Annual General Meeting today.

 

The Board is pleased to announce that trading, both at Group level and in its Services and Distribution division, is in line with expectations.

 

In its Property Division, the development of Blindwells, a major housing development in East Lothian, is progressing well and in line with expectations. We are also pleased to note that sale processes are advancing for a number of other material properties and although timing of such sales remains hard to forecast, the Board is encouraged with progress and activity levels.

 

The Board is also pleased to announce that John Samuel has been recruited to succeed Iain Cockburn as Group Finance Director when Iain moves to join Brockwell Energy in a full-time capacity. John will join the Board on 2 January 2018 and Iain will continue in his current dual role until that time.

As the Group continues to pursue its strategy to simplify and streamline, agreement has been reached that Kevin Dougan will step down from the Board and leave the Group with effect from 1 December 2017. Kevin has fulfilled the role of Group Commercial Director and this position will not be replaced.

David Morgan, the Chairman of Hargreaves, commented: "We are delighted to have hired a candidate of John's calibre. Over the past eleven years John has worked successfully to grow and develop Renew Holdings plc. We look forward with excitement to the contribution that John will make to providing financial leadership at Hargreaves and in helping to develop and deliver the Group's strategy. On behalf of the Board, I would also like to thank Kevin for his years of commitment and loyal service. Kevin has been instrumental in helping direct and shape the Group since its inception."

Gordon Banham, Chief Executive Officer of Hargreaves, commented: "I am pleased to welcome John to the Board and look forward to working with him. I would also like to acknowledge and thank Kevin on a corporate and personal level for his contribution to the development of the Group. I have worked with Kevin for over fifteen years and his loyalty and drive have been unwavering."

Additional regulatory disclosures required in relation to John Samuel's appointment are set out at the end of this announcement.

For further details: 

Hargreaves Services

Gordon Banham, Chief Executive Officer

Iain Cockburn, Finance Director

 

0191 373 4485

Buchanan

Mark Court / Sophie Cowles

 

020 7466 5000

N+1 Singer (Nomad and Joint Corporate Broker)

Sandy Fraser / Nick Owen

 

020 7496 3000

Investec (Joint Corporate Broker)

Sara Hale / Rob Baker

020 7597 4000

 

 

Further information:

John William Young Strachan Samuel, 61, holds / has held the following directorships:

 

Current Directorships

Directorships held in the past five years

00118632 LIMITED

ALLENBUILD (SOUTH EAST) LTD

AMCO GROUP TRUSTEES LIMITED

ALLENBUILD LIMITED

ILKLEY TOY MUSEUM LIMITED

ARCHITECTURAL FABRICATION SYSTEMS LIMITED

RENEW CORPORATE DIRECTOR LIMITED

ARLE COURT DEVELOPMENTS LIMITED

RENEW HOLDINGS PLC

B B PLANT LIMITED

RENEW NOMINEES LIMITED

B. B. PROPERTIES LTD

RENEW PENSION TRUSTEE COMPANY LIMITED

B.B. STONE LIMITED

YORKSHIRE AIR AMBULANCE (TRADING) LIMITED

BB (WALSALL) LIMITED

YORKSHIRE AIR AMBULANCE LIMITED

BB KONSTRUCTION LIMITED

YORKSHIRE AIR AMBULANCE SERVICES LTD

BB WYKE LIMITED


BG AGGREGATES LIMITED


BRITANNIA CONSTRUCTION LIMITED


BRITANNIA GROUP LIMITED


BRITANNIA HOMES (CHELTENHAM) LIMITED


BRITANNIA HOMES (WESTERN) LIMITED


BRITISH BUILDING & ENGINEERING SERVICES LTD


CHERRYDOWN CONSTRUCTION LIMITED


CLIFTON HOMES (COTSWOLDS) LIMITED


CLIFTON HOMES (SOUTHERN) LIMITED


CLIFTON RETIREMENT HOMES LIMITED


CONTRACTORS' SCAFFOLDING AND FORMWORK LIMITED


CORNERBITE LIMITED


DAVID ESHELBY LIMITED


DETOUR LIMITED


EX AB (NORTH WEST) LIMITED


EX AB (WEST MIDLANDS) LIMITED


EX BRIT JOIN LIMITED


EXBIRCO 1 LIMITED


EXBIRCO 2 LIMITED


EXBIRCO 3 LIMITED


EXHATCH LIMITED


EXSIMPIL LIMITED


GEODUR UK LIMITED


HADLEY GRANGE (RESIDENTS) MANAGEMENT LIMITED


INHOCO 3520 LIMITED


KASS BUILD LIMITED


KASS HOLDINGS LIMITED


PASUDA SERVICES LIMITED


PROMENADE INVESTMENTS (WHITTINGTON) LIMITED


PROMENADE INVESTMENTS LIMITED


RENEW CIVIL ENGINEERING LIMITED


RENEW CONSTRUCTION LIMITED


RENEW GROUP LIMITED


RENEW LIMITED


RENEW PROPERTY DEVELOPMENTS LIMITED


RENEW SPECIALIST SERVICES LIMITED


T.W. WARD (INDUSTRIAL DISMANTLING) LIMITED


TIDENTIME LIMITED


TRIPLE R ENVIRONMENTAL LIMITED


VHE (CIVIL ENGINEERING) LIMITED


VHE EQUIPMENT SERVICES LIMITED


VHE HOLDINGS LIMITED


VHE LAND PROJECTS LIMITED


VHE TECHNOLOGY LIMITED


WEST CUMBERLAND INSULATION (1997) LIMITED


YJL (OVERSEAS) LIMITED


YJL BUILDING LIMITED


YJL CONSTRUCTION LIMITED


YJL DEVELOPMENTS LIMITED


YJL HOMES LIMITED


YJL INFRASTRUCTURE LIMITED


YJL LIMITED


YJL LONDON LIMITED


YJL PARTNERSHIPS INVESTMENTS LIMITED


YJL SPECIALIST TREATMENTS LIMITED

 

Other than as set out above, there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules for Companies in respect of Mr Samuel's appointment.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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