Hargreaves Services PLC AGM Trading Update and Directorate Changes (4856S)
October 03 2017 - 1:00AM
UK Regulatory
TIDMHSP
RNS Number : 4856S
Hargreaves Services PLC
03 October 2017
Hargreaves Services plc
("Hargreaves" or the "Group")
AGM Trading Update and Directorate Changes
Hargreaves Services plc (AIM: HSP), a diversified group
delivering key projects and services in the infrastructure, energy
and property sectors, provides a trading update ahead of its Annual
General Meeting today.
The Board is pleased to announce that trading, both at Group
level and in its Services and Distribution division, is in line
with expectations.
In its Property Division, the development of Blindwells, a major
housing development in East Lothian, is progressing well and in
line with expectations. We are also pleased to note that sale
processes are advancing for a number of other material properties
and although timing of such sales remains hard to forecast, the
Board is encouraged with progress and activity levels.
The Board is also pleased to announce that John Samuel has been
recruited to succeed Iain Cockburn as Group Finance Director when
Iain moves to join Brockwell Energy in a full-time capacity. John
will join the Board on 2 January 2018 and Iain will continue in his
current dual role until that time.
As the Group continues to pursue its strategy to simplify and
streamline, agreement has been reached that Kevin Dougan will step
down from the Board and leave the Group with effect from 1 December
2017. Kevin has fulfilled the role of Group Commercial Director and
this position will not be replaced.
David Morgan, the Chairman of Hargreaves, commented: "We are
delighted to have hired a candidate of John's calibre. Over the
past eleven years John has worked successfully to grow and develop
Renew Holdings plc. We look forward with excitement to the
contribution that John will make to providing financial leadership
at Hargreaves and in helping to develop and deliver the Group's
strategy. On behalf of the Board, I would also like to thank Kevin
for his years of commitment and loyal service. Kevin has been
instrumental in helping direct and shape the Group since its
inception."
Gordon Banham, Chief Executive Officer of Hargreaves, commented:
"I am pleased to welcome John to the Board and look forward to
working with him. I would also like to acknowledge and thank Kevin
on a corporate and personal level for his contribution to the
development of the Group. I have worked with Kevin for over fifteen
years and his loyalty and drive have been unwavering."
Additional regulatory disclosures required in relation to John
Samuel's appointment are set out at the end of this
announcement.
For further details:
Hargreaves Services
Gordon Banham, Chief Executive
Officer
Iain Cockburn, Finance
Director 0191 373 4485
Buchanan
Mark Court / Sophie Cowles 020 7466 5000
N+1 Singer (Nomad and
Joint Corporate Broker)
Sandy Fraser / Nick Owen 020 7496 3000
Investec (Joint Corporate
Broker)
Sara Hale / Rob Baker 020 7597 4000
Further information:
John William Young Strachan Samuel, 61, holds / has held the
following directorships:
Directorships held in
Current Directorships the past five years
00118632 LIMITED ALLENBUILD (SOUTH EAST)
LTD
AMCO GROUP TRUSTEES LIMITED ALLENBUILD LIMITED
ILKLEY TOY MUSEUM LIMITED ARCHITECTURAL FABRICATION
SYSTEMS LIMITED
RENEW CORPORATE DIRECTOR ARLE COURT DEVELOPMENTS
LIMITED LIMITED
RENEW HOLDINGS PLC B B PLANT LIMITED
RENEW NOMINEES LIMITED B. B. PROPERTIES LTD
RENEW PENSION TRUSTEE B.B. STONE LIMITED
COMPANY LIMITED
YORKSHIRE AIR AMBULANCE BB (WALSALL) LIMITED
(TRADING) LIMITED
YORKSHIRE AIR AMBULANCE BB KONSTRUCTION LIMITED
LIMITED
YORKSHIRE AIR AMBULANCE BB WYKE LIMITED
SERVICES LTD
BG AGGREGATES LIMITED
BRITANNIA CONSTRUCTION
LIMITED
BRITANNIA GROUP LIMITED
BRITANNIA HOMES (CHELTENHAM)
LIMITED
BRITANNIA HOMES (WESTERN)
LIMITED
BRITISH BUILDING & ENGINEERING
SERVICES LTD
CHERRYDOWN CONSTRUCTION
LIMITED
CLIFTON HOMES (COTSWOLDS)
LIMITED
CLIFTON HOMES (SOUTHERN)
LIMITED
CLIFTON RETIREMENT HOMES
LIMITED
CONTRACTORS' SCAFFOLDING
AND FORMWORK LIMITED
CORNERBITE LIMITED
DAVID ESHELBY LIMITED
DETOUR LIMITED
EX AB (NORTH WEST) LIMITED
EX AB (WEST MIDLANDS)
LIMITED
EX BRIT JOIN LIMITED
EXBIRCO 1 LIMITED
EXBIRCO 2 LIMITED
EXBIRCO 3 LIMITED
EXHATCH LIMITED
EXSIMPIL LIMITED
GEODUR UK LIMITED
HADLEY GRANGE (RESIDENTS)
MANAGEMENT LIMITED
INHOCO 3520 LIMITED
KASS BUILD LIMITED
KASS HOLDINGS LIMITED
PASUDA SERVICES LIMITED
PROMENADE INVESTMENTS
(WHITTINGTON) LIMITED
PROMENADE INVESTMENTS
LIMITED
RENEW CIVIL ENGINEERING
LIMITED
RENEW CONSTRUCTION LIMITED
RENEW GROUP LIMITED
RENEW LIMITED
RENEW PROPERTY DEVELOPMENTS
LIMITED
RENEW SPECIALIST SERVICES
LIMITED
T.W. WARD (INDUSTRIAL
DISMANTLING) LIMITED
TIDENTIME LIMITED
TRIPLE R ENVIRONMENTAL
LIMITED
VHE (CIVIL ENGINEERING)
LIMITED
VHE EQUIPMENT SERVICES
LIMITED
VHE HOLDINGS LIMITED
VHE LAND PROJECTS LIMITED
VHE TECHNOLOGY LIMITED
WEST CUMBERLAND INSULATION
(1997) LIMITED
YJL (OVERSEAS) LIMITED
YJL BUILDING LIMITED
YJL CONSTRUCTION LIMITED
YJL DEVELOPMENTS LIMITED
YJL HOMES LIMITED
YJL INFRASTRUCTURE LIMITED
YJL LIMITED
YJL LONDON LIMITED
YJL PARTNERSHIPS INVESTMENTS
LIMITED
YJL SPECIALIST TREATMENTS
LIMITED
Other than as set out above, there is no further information to
be disclosed under schedule 2(g) and Rule 17 of the AIM Rules for
Companies in respect of Mr Samuel's appointment.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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