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10 March 2025
Hercules Site Services plc
("Hercules" or the "Company")
Appointment of Business Development Director and Grant of Options
Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply group for the UK infrastructure and construction sectors, is pleased to announce the appointment of Jacques Kriel as Business Development Director (non-Board) to grow Hercules' core Labour Supply business.
Jacques brings a wealth of experience in business development, infrastructure delivery and strategic growth across the civil engineering and construction industries. With a proven track record in expanding market presence and fostering strong industry partnerships, Jacques' expertise will play a crucial role in driving Hercules' continued growth and expansion.
Jacques will be responsible for leading the Company's business development strategy, identifying new opportunities and strengthening Hercules' position within key infrastructure sectors, including rail, highways, utilities, nuclear and power & energy. Jacques, who will work closely with Hercules' CEO Brusk Korkmaz, has previously held managerial roles at major construction and labour supply companies.
As part of his remuneration package, Jacques has been granted options over 300,000 ordinary shares in the Company at an exercise price of 47.5p (the "Options"). The Options vest on 2 February 2027 and expire on 2 February 2029.
Commenting on the appointment, Brusk Korkmaz, CEO of Hercules, said:
"We are delighted to welcome Jacques to the Hercules leadership team. His extensive experience in business development and deep understanding of the infrastructure sector makes him an excellent addition to the Company.
"As the UK carries out substantial construction and infrastructure upgrades within the nuclear, power and energy distribution, aviation, water, and rail sectors, Jacques joins as at an important time for Hercules.
"We are laser-focused on growth in our core sectors and look forward to Jacques' contribution to this team effort as we continue to expand and deliver value for our shareholders and clients."
For further information and enquiries, please contact:
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Hercules Site Services plc Brusk Korkmaz (CEO) Paul Wheatcroft (CFO) |
c/o SEC Newgate |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Matthew Johnson / Adam Cowl (Corporate Finance) Grant Barker / Rob Rees (Sales and Broking)
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+44 (0) 20 3470 0470 |
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Cavendish Capital Markets Limited (Joint Broker) Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)
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+44 (0) 20 7397 8900
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SEC Newgate (Financial Communications) Robin Tozer / Ian Silvera / Nina Renata Pop |
+44 (0) 20 3757 6882
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Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name |
Jacques Kriel |
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Reason for the notification
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a)
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Position/status |
Business Development Director |
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b)
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Initial notification /Amendment |
Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name |
Hercules Site Services plc |
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b)
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LEI |
213800P7Z6MXNSM4OQ50 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary Shares of 0.1p each |
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Identification code |
ISIN: GB00BPVBVZ82 |
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b)
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Nature of the transaction |
Issue of share options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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47.5p
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300,000 |
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d)
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Aggregated information |
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- Aggregated volume |
N/A - Single transaction |
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- Price |
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e)
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Date of the transaction
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7 March 2025 |
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f)
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Place of the transaction
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Off market |
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Hercules Site Services plc announced on 10 March 2025 the appointment of Jacques Kriel as Business Development Director (non-Board). On 7 March 2025, Mr. Kriel was granted options over 300,000 ordinary shares at an exercise price of 47.5p. These options vest on 2 February 2027 and expire on 2 February 2029.
| Date | 10 Mar 2025 |
| Time | 07:00:13 |
| Category | Board changes |
| ID | 9394Z |