14th Feb 2024 13:52
14 February 2024
Hercules Site Services plc
("Hercules" or "the Company")
Grant of Options
Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply company for the UK infrastructure sector, announces that options ("Options") to subscribe for a total of 493,250 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") were granted on 13 February 2024 to certain employees of the Company.
The Options vest on 4 February 2027 and have an exercise price of 35.43 pence each, exercisable over the 2 years to 3 February 2029.
Granting of Options to PDMRs
As part of this grant of Options, certain persons discharging managerial responsibility ("PDMRs") of the Company have received Options as follows:
Name | Position | Number of Options granted | Total number of share options following this grant |
Julie Davis | Group Financial Controller | 117,300 | 117,300 |
Wayne Phillips | Compliance Director | 50,000 | 225,950 |
For further information and enquiries, please contact:
Hercules Site Services plc Brusk Korkmaz (CEO) Paul Wheatcroft (CFO) | c/o SEC Newgate |
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SP Angel (Nominated Adviser and Joint Broker) Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance) Grant Barker / Rob Rees (Sales and Broking) | +44 (0) 20 3470 0470 |
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Cavendish Securities plc (Joint Broker) Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking) | +44 (0) 20 7397 8900
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SEC Newgate (Financial Communications) Elisabeth Cowell / Ian Silvera / Matthew Elliott | +44 (0) 20 3757 6882
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About Hercules Site Services PLC
Hercules is a leading tech enabled labour supply company for the UK infrastructure sector. Founded in 2008, Hercules has an established track record of profitability and fast-growth and has built a blue-chip customer base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler and Volker Fitzpatrick. The Company has been appointed to provide labour for a range of high-profile infrastructure projects, such as HS2, due to its agile, innovative, digital first approach and complete service offering. It is well-placed to benefit from any government increase in infrastructure spending and its experienced management team has identified multiple opportunities for growth.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | 1) Julie Davis 2) Wayne Philips | |||
2
| Reason for the notification
| ||||
a)
| Position/status | 1) Group Financial Controller 2) Compliance Director | |||
b)
| Initial notification /Amendment | Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name | Hercules Site Services plc | |||
b)
| LEI | 213800P7Z6MXNSM4OQ50 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of £0.001 each | |||
Identification code | ISIN: GB00BPVBVZ82 | ||||
b)
| Nature of the transaction | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
35.43p 35.43p
| 117,300 50,000 |
| |||
d)
| Aggregated information | ||||
- Aggregated volume | N/A - Single transaction | ||||
- Price | |||||
e)
| Date of the transaction
| 13 February 2024 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
Related Shares:
Hercules Site