Remuneration Information • Aug 6, 2020
Remuneration Information
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RNS Number : 2798V
Hargreaves Services PLC
06 August 2020
| 6 August 2020 |
HARGREAVES SERVICES PLC
(the "Company", the "Group" or "Hargreaves")
Share Option Awards to Executive Directors and PDMRs
Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services to the industrial and property sectors, announces that a total of 179,224 options ("LTIP Options") were awarded on 5 August 2020 to Gordon Banham, John Samuel and David Anderson, Executive Directors of the Company, to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan (Hargreaves Services plc Executive Share Option Scheme 2020). The awards comprise the following allocations:
| G Banham (Group Chief Executive) | 63,927 |
| J Samuel (Group Finance Director) | 63,927 |
| D Anderson (Group Property Director) | 51,370 |
The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 6 August 2023 but are only exercisable to the extent that certain performance criteria are achieved by the Group over a three year performance period commencing 1 June 2020. The options must be exercised before 5 August 2025.
Following the above option awards, the respective interests of Gordon Banham, John Samuel and David Anderson in the share capital of the Company are as follows:
| Ordinary Shares | % of issued share capital | Vested but unexercised options |
Unvested options | |
| Gordon Banham | 2,646,825 | 8.20% | Nil | 188,071 |
| John Samuel | 28,000 | 0.09% | Nil | 188,071 |
| David Anderson | 32,775 | 0.10% | Nil | 115,527 |
Additionally, 27,671 nil cost options have been issued to Niall Fraser, a PDMR. These options have been issued under the Company's 2020 Deferred Share Bonus Scheme H and will vest on 6 August 2023, subject only to continued employment at that date.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Gordon Banham |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| 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) | 63,927 options at an exercise price of 10p per ordinary share |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 5 August 2020 |
| f) | Place of the transaction | Off market transaction |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | John Samuel |
| 2 | Reason for the notification | |
| a) | Position/status | Group Finance 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) | 63,927 options at an exercise price of 10p per ordinary share |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 5 August 2020 |
| f) | Place of the transaction | Off market transaction |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | David Anderson |
| 2 | Reason for the notification | |
| a) | Position/status | Group Property 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) | 51,370 options at an exercise price of 10p per ordinary share |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 5 August 2020 |
| f) | Place of the transaction | Off market transaction |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Niall Fraser |
| 2 | Reason for the notification | |
| a) | Position/status | Managing 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) | 27,671 options at an exercise price of Nil p per ordinary share |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 5 August 2020 |
| f) | Place of the transaction | Off market transaction |
For further details:
| Hargreaves Services plc Gordon Banham, Group Chief Executive John Samuel, Group Finance Director |
0191 373 4485 |
| Buchanan (Financial PR) Mark Court/Henry Wilson |
0207 466 5000 |
| N+1 Singer (NOMAD and Joint Corporate Broker) Sandy Fraser/Justin McKeegan/Rachel Hayes |
020 7496 3000 |
| Investec (Joint Corporate Broker) Sara Hale/Shalin Bhamra |
020 7597 5970 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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