HARGREAVES SERVICES PLC

AGM Information • Oct 3, 2017

National Storage Mechanism | Additional information

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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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