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Hargreaves Services PLC announced on 8 May 2026 an update on a related party transaction involving Harwood Capital. Harwood Capital, a Substantial Shareholder, tendered 767,280 Ordinary Shares as part of a Tender Offer previously announced on 27 March 2026. Following this, Harwood Capital now holds 8,437,720 Ordinary Shares, representing 27.48% of Hargreaves Services PLC's voting rights.
| Date | 8 May 2026 |
| Time | 13:47:25 |
| Category | Miscellaneous |
| ID | 6527D |
8 May 2026
HARGREAVES SERVICES PLC
(the "Group", the "Company" or "Hargreaves")
Related Party Transaction Update
Hargreaves Services plc (AIM: HSP) announces the following transactions by certain Substantial Shareholders of the Company pursuant to the Tender Offer to Shareholders announced on 27 March 2026.
On 27 March 2026, the Company announced that Harwood Capital, Substantial Shareholders in the Company, had irrevocably undertaken to tender such number of Ordinary Shares as is equal to its Individual Basic Entitlement and had reserved its right to tender any Ordinary Shares in excess of its Individual Basic Entitlement, which was deemed to constitute related party transactions under AIM Rule 13. The Company has been notified of their participation in the Tender Offer in the following amounts:
|
Shareholder |
Number of Ordinary Shares held before Tender Offer |
Ordinary Shares Tendered |
Number of Ordinary Shares held post Tender Offer |
Percentage of voting rights post Tender Offer |
|
Harwood Capital |
9,205,000 |
767,280 |
8,437,720 |
27.48% |
Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Circular.
Enquiries:
|
Hargreaves Services Gordon Banham, Chief Executive Officer Stephen Craigen, Chief Financial Officer Simon Hicks, Chief Operating Officer
|
Tel: 0191 373 4485 |
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|
Walbrook PR (Financial PR & IR) Paul McManus, Lianne Applegarth, Anna Dunphy
|
Tel: 020 7933 8780 or [email protected] Mob: 07980 541 893 / 07584 391 303 07876 741 001 |
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|
Singer Capital Markets (Nomad and Joint Corporate Broker) Phil Davies, Sara Hale, Dan Ingram
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Tel: 020 7496 3000 |
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Cavendish Capital Markets Ltd (Joint Corporate Broker) Adrian Hadden, Jasper Berry, Sunila de Silva |
Tel: 020 7220 0500 |
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About Hargreaves
Hargreaves Services plc is a diversified group delivering services to the environmental, infrastructure 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 Connectivity, Clean Energy and Environmental infrastructure 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 und Roheisen GmbH ("DK"), 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, South Africa and a joint venture in Duisburg, Germany.
For further information, please visit www.hsgplc.co.uk.