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HARGREAVES SERVICES PLC
Remuneration Information • Aug 1, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
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.
| 1 | 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 |
| 1 | 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 |
| 1 | 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 |
| 1 | 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 [email protected] 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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