Hargreaves Services plc (AIM: HSP), a diversified group operating across environmental services, clean energy, and connectivity markets, has announced that 5,000 ordinary shares of 10 pence each were transferred from treasury on 12 November 2026 to satisfy the exercise of options by an employee. The options were granted under the Company's Executive Share Option Scheme 2023 at an exercise price of 10 pence per share. The disclosure updates the total voting rights figure that shareholders must use when calculating notification obligations under the Disclosure and Transparency Rules.

Key Points

  • Hargreaves Services plc (AIM: HSP) is a diversified group headquartered in Newcastle-upon-Tyne
  • 5,000 ordinary shares were transferred from treasury on 12 November 2026 to satisfy an employee option exercise at 10 pence per share under the Executive Share Option Scheme 2023
  • Following the transfer, 699,693 ordinary shares remain in treasury and the total number of voting rights stands at 30,836,122
  • Investors should monitor the voting rights denominator figure, which is relevant for DTR notification thresholds

5,000 Shares Released from Treasury Under Hargreaves' Executive Share Option Scheme 2023

The announcement confirms that the share transfer was made to satisfy an option exercise by an employee, with the options having been granted under the Executive Share Option Scheme 2023. The exercise price was 10 pence per share, equal to the nominal value of each ordinary share in the company. Treasury share transfers of this nature are a standard mechanism allowing companies to satisfy share scheme obligations without issuing new shares, thereby limiting dilution to existing shareholders. The company did not disclose further details regarding the identity of the employee or the total value received.

Hargreaves' Treasury Share Position and Updated Total Voting Rights of 30,836,122

Following the transfer of 5,000 shares, Hargreaves Services confirms that 699,693 ordinary shares remain held in treasury. The total number of voting rights in the company now stands at 30,836,122. This figure is significant for shareholders and institutional investors, as it serves as the denominator for calculations required under the Disclosure and Transparency Rules when determining whether a notifiable interest, or a change to an existing interest, must be reported to the company and to regulators. Investors should update their calculations accordingly following this change.

Hargreaves Services' Three-Division Structure Spanning UK Infrastructure and German Recycling Markets

Hargreaves Services operates through three divisions: Services, Land, and a German joint venture. The Services division provides specialist contracted services including earthmoving, waste management, materials handling, and logistics to connectivity, clean energy, and environmental markets across the UK. The Land division focuses on unlocking value from the group's land portfolio through residential and commercial development. The German operation, which includes DK Recycling — a specialist recycler of steel waste — operates in industrial raw materials trading and recycling markets, with its contribution directed towards supporting the group's dividend.