Hargreaves Services plc
("Hargreaves", the "Company" or the "Group")
PDMR Dealing/Transfer of shares held in Treasury
Hargreaves Services plc announces that on 13 March 2018, Iain Cockburn, Finance Director, Brockwell Energy Limited, exercised options over 76,515 ordinary shares in Hargreaves Services plc at a price of nil pence per share. These options were granted under the Company's: (i) 2008 Performance Share Plan (20,287 shares); (ii) 2009 Performance Share Plan (28,500 shares); (iii) 2011 Performance Share Plan (7,086 shares); and (iv) 2014 Deferred Share Bonus Scheme (20,642 shares). These shares were immediately sold at £3.40 per ordinary share.
76,515 shares are to be transferred from treasury to satisfy the exercise of the above options. Following those transfers, 1,069,904 ordinary shares remain in treasury and the total number of voting rights in the Company are 32,068,852. This latter figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Iain Cockburn |
2 |
Reason for the notification |
a) |
Position/status |
Finance Director, Brockwell Energy Limited (PDMR) |
b) |
Initial notification /Amendment |
Initial notification |
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 |
Ordinary shares of 10p each in Hargreaves Services plc HSP |
b) |
Nature of the transaction |
Exercise of options over shares granted under the Hargreaves Services plc: (i) 2008 Performance Share Plan (20,287 shares); (ii) 2009 Performance Share Plan (28,500 shares); (iii) 2011 Performance Share Plan (7,086 shares); and (iv) 2014 Deferred Share Bonus Scheme (20,642 shares) |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
76,515 options exercised |
£3.40 each |
76,515 ordinary shares sold |
|
d) |
Aggregated information - Aggregated volume - Price |
Sale of 76,515 shares at £3.40 per share |
e) |
Date of the transaction |
13 March 2018 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
For further details:
Hargreaves Services Gordon Banham, Chief Executive Officer Iain Cockburn, Finance Director |
0191 373 4485 |
Buchanan Mark Court/Sophie Cowles |
0207 466 5000 |
N+1 Singer (Nomad and Joint Corporate Broker) Sandy Fraser/Rachel Hayes |
0207 496 3000 |
Investec (Joint Corporate Broker) Sara Hale/Rob Baker |
0207 597 4000 |
