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IN BRIEF: Hargreaves Services former CEO buys shares to secure loan

17th Aug 2026 11:53

Hargreaves Services PLC - Durham, England-based provider of services for environmental, infrastructure and property sectors - Gordon Banham, who stepped down as chief executive officer at the end of July, buys 490,000 shares via GB Holdings (2021) Ltd at 820.4 pence, worth GBP4.0 million. Banham's investment vehicle subsequently pledges all 490,000 shares as security against a loan facility with LGT Bank AG. Banham, who was replaced as CEO by Simon Hicks, now holds 3.1 million shares, a 10.1% stake. Non-Executive Director Nicholas Mills sells the same number of shares at 820.0p, also worth GBP4.0 million. Mills now is interested in 8.0 million Hargreaves Services shares, a 25.9% stake, directly and via Harwood Capital LLP and London-listed funds North Atlantic Smaller Cos Investment Trust PLC and Oryx International Growth Fund Ltd.

Current stock price: 810.52 pence

12-month change: up 7.2%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


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