Hargreaves Services plc
24 September 2009
Directors Dealings
Hargreaves Services plc, a leading supplier of support services to the energy, mineral and waste sectors, received notification on 23 September 2009 of yesterday's successful placing with institutional investors of 1,530,252 ordinary shares by directors and other senior management at a price of 650p. The shares were placed in response to demand from institutional shareholders.
The directors' dealings are summarised below:
|
Director |
Amount of shares held prior to sale |
Holding % |
Amount of shares sold |
Resulting holding |
Resulting % |
|
Gordon Banham |
4,004,288 |
15.2 |
1,000,000 |
3,004,288 |
11.4 |
|
Kevin Dougan |
529,288 |
2.0 |
370,252 |
159,036 |
0.6 |
The above holding calculations are based on the Company's issued share capital of 26,396,303 Ordinary Shares. The Company does not hold any ordinary shares in Treasury.
The shares sold by Gordon Banham are the first shares that he has sold since acquiring his shareholding in April 2004. Both directors have indicated that they have no intention of making further disposals over the next twelve months.
Enquiries:
Hargreaves Services plc 0191 373 4485
Gordon Banham, CEO
Iain Cockburn, Group Finance Director
Buchanan Communications 0207 466 5000
Tim Anderson
Catherine Breen
Brewin Dolphin Investment Banking 0113 241 0130
Matt Davis
Graeme Summers
This information is provided by RNS