REG - Hargreaves Servs PLC - Related Party Transaction Update

Hargreaves ServicesAnnouncement

08/05/2026 14:00

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RNS Number : 6527D  Hargreaves Services PLC  08 May 2026

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                        www.hsgplc.co.uk (http://www.hsgplc.co.uk/)

 Gordon Banham, Chief Executive Officer     Tel: 0191 373 4485

 Stephen Craigen, Chief Financial Officer

 Simon Hicks, Chief Operating Officer

 Walbrook PR (Financial PR & IR)            Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com

                                          (mailto:hargreavesservices@walbrookpr.com)
 Paul McManus, Lianne Applegarth,

                                          Mob: 07980 541 893 / 07584 391 303
 Anna Dunphy

                                          07876 741 001

 Singer Capital Markets (Nomad and Joint Corporate Broker)

 Phil Davies, Sara Hale, Dan Ingram                                                             Tel: 020 7496 3000

 Cavendish Capital Markets Ltd (Joint Corporate Broker)                   Tel: 020 7220 0500

 Adrian Hadden, Jasper Berry, Sunila de Silva

 

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
(http://www.hsgplc.co.uk) .

 

 

 

 

 

 

 

 

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