28th Apr 2016 13:26
LONDON (Alliance News) - Hargreaves Services PLC on Thursday said four of its directors purchased a total of 250,000 shares in the company for 170.00 pence per share.
The solid fuels supplier and bulk material logistics group said Chief Executive Gordon Banham bought 205,000 shares, taking his total holding to 2.5 million shares, or a 7.8% stake.
Chairman David Morgan bought 30,000 shares, Non-Executive Director Peter Jones bought 10,000 shares and Nigel Halkes, also a non-executive, bought 5,000. For all three, the purchases are their only holding in the company.
On Wednesday, Hargreaves outlined plans to simplify its core long-term operations, try to extract money from its property and energy assets and to sell its non-core businesses.
Hargreaves Services shares were up 1.9% to 175.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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