REG - Hercules Site Svcs - Business Development Director Grant of Options

Hercules Site ServicesAnnouncement

10/03/2025 07:15

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RNS Number : 9394Z  Hercules Site Services PLC  10 March 2025

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:

 

 Hercules Site Services plc                                                         c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)                 +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Capital Markets Limited (Joint Broker)                              +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

 SEC Newgate (Financial Communications)                                       +44 (0) 20 3757 6882

 Robin Tozer / Ian Silvera / Nina Renata Pop                       Hercules@secnewgate.co.uk

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities / person closely associated with them.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Jacques Kriel

 2    Reason for the notification

 a)   Position/status                                              Business Development Director

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Hercules Site Services plc

 b)   LEI                                                          213800P7Z6MXNSM4OQ50

 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  Ordinary Shares of 0.1p each

      Identification code                                          ISIN: GB00BPVBVZ82

 b)   Nature of the transaction                                    Issue of share options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     47.5p             300,000

 d)   Aggregated information

      - Aggregated volume                                          N/A - Single transaction

      - Price

 e)   Date of the transaction                                      7 March 2025

 f)   Place of the transaction                                     Off market

 

 

 

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