TIDMHSP

RNS Number : 6269D

Hargreaves Services PLC

10 October 2018

Hargreaves Services plc

(the "Hargreaves" or the "Group")

Wolf Minerals Limited

The Board of Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, notes the latest announcement, made today, by Wolf Minerals Limited ("Wolf") (AIM: WLFE). The Group supplies contract mining services to Wolf's tungsten mining operation at Hemerdon, Devon.

The latest announcement from Wolf states that it has been unable to satisfactorily conclude its discussions with its key financial stakeholders and therefore is not in a position to meet its short term working capital requirements in order to continue operations at its mine. Consequently, Wolf's wholly owned subsidiary, Wolf Minerals (UK) Limited, which is a customer of the Group, has ceased trading effective immediately and voluntary administrators have been appointed.

It is not yet clear how the administrators intend to proceed and as a result Hargreaves is not able to add any further information to the statement issued by the Group on 9 October 2018.

For further details:

 
 Hargreaves Services plc 
  Gordon Banham, Chief Executive Officer 
  John Samuel, Group Finance Director       0191 373 4485 
 Buchanan (Financial PR) 
  Mark Court/Sophie Wills/Henry Wilson      0207 466 5000 
 N+1 Singer (Nomad and Joint Corporate 
  Broker) 
  Sandy Fraser/Rachel Hayes                 0207 496 3000 
 Investec (Joint Corporate Broker) 0207 597 4000 
  Sara Hale/Helene Comitis

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCUROURWRARAAA

(END) Dow Jones Newswires

October 10, 2018 08:33 ET (12:33 GMT)

Hargreaves Services (LSE:HSP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Hargreaves Services Charts.
Hargreaves Services (LSE:HSP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Hargreaves Services Charts.