REG - Hargreaves Servs PLC - Share Option Awards

Hargreaves ServicesAnnouncement

06/08/2020 07:00

RNS Number : 2798V
  
Hargreaves Services PLC
  
06 August 2020
  
 





 


6 August 2020




 
 
HARGREAVES SERVICES PLC
(the "Company", the "Group" or "Hargreaves")
 
Share Option Awards to Executive Directors and PDMRs
Hargreaves Services plc (AIM: HSP), a diversified group delivering key projects and services to the industrial and property sectors, announces that a total of 179,224 options ("LTIP Options") were awarded on 5 August 2020 to Gordon Banham, John Samuel and David Anderson, Executive Directors of the Company, to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan (Hargreaves Services plc Executive Share Option Scheme 2020). The awards comprise the following allocations:




G Banham (Group Chief Executive)


    63,927




J Samuel (Group Finance Director)


    63,927




D Anderson (Group Property Director)


51,370 




The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 6 August 2023 but are only exercisable to the extent that certain performance criteria are achieved by the Group over a three year performance period commencing 1 June 2020. The options must be exercised before 5 August 2025.
Following the above option awards, the respective interests of Gordon Banham, John Samuel and David Anderson in the share capital of the Company are as follows:




 


Ordinary Shares


% of issued share capital


Vested but 
unexercised options


Unvested options




Gordon Banham


2,646,825


8.20%


Nil


188,071




John Samuel


28,000


0.09%


Nil


188,071




David Anderson


32,775


0.10%


Nil


115,527




Additionally, 27,671 nil cost options have been issued to Niall Fraser, a PDMR. These options have been issued under the Company's 2020 Deferred Share Bonus Scheme H and will vest on 6 August 2023, subject only to continued employment at that date.
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


Gordon Banham




2


Reason for the notification




a)


Position/status


Chief Executive Officer




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)


63,927 options at an exercise price of 10p per ordinary share




d)
 


Aggregated information
 - Aggregated volume
 - Price 


N/A




e)


Date of the transaction


5 August 2020




f)


Place of the transaction


Off market transaction




  




1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


John Samuel




2


Reason for the notification




a)


Position/status


Group Finance 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)


63,927 options at an exercise price of 10p per ordinary share




d)
 


Aggregated information
 - Aggregated volume
 - Price 


N/A




e)


Date of the transaction


5 August 2020




f)


Place of the transaction


Off market transaction




 




1


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


David Anderson




2


Reason for the notification




a)


Position/status


Group Property 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)


51,370 options at an exercise price of 10p per ordinary share




d)
 


Aggregated information
 - Aggregated volume
 - Price 


N/A




e)


Date of the transaction


5 August 2020




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


Managing 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)


27,671 options at an exercise price of Nil p per ordinary share




d)
 


Aggregated information
 - Aggregated volume
 - Price 


N/A




e)


Date of the transaction


5 August 2020




f)


Place of the transaction


Off market transaction




 
 
For further details:




Hargreaves Services plc
Gordon Banham, Group Chief Executive
John Samuel, Group Finance Director
 


0191 373 4485




Buchanan (Financial PR)
Mark Court/Henry Wilson
 


0207 466 5000




N+1 Singer (NOMAD and Joint Corporate Broker)
Sandy Fraser/Justin McKeegan/Rachel Hayes
 


020 7496 3000




Investec (Joint Corporate Broker)
Sara Hale/Shalin Bhamra


020 7597 5970 




 


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