Hargreaves Services Announces Share Option Exercise and Voting Rights Update

An update from Hargreaves Services ( (GB:HSP) ) is now available.

Hargreaves Services plc announced that Sean Hager, a person discharging managerial responsibilities, exercised options over 8,760 ordinary shares at 10 pence per share under the company’s 2021 Executive Share Option Scheme. Following the exercise, 4,117 shares were sold at 583 pence each to cover tax liabilities, and the remaining shares were transferred from treasury, leaving 152,221 shares in treasury and a total of 33,006,535 voting rights in the company. This transaction impacts the company’s share distribution and voting rights, which shareholders may need to consider for their interests under the Disclosure and Transparency Rules.

Spark’s Take on GB:HSP Stock

According to Spark, TipRanks’ AI Analyst, GB:HSP is a Neutral.

Hargreaves Services scores well due to its robust financial health, strong interim results, and strategic leadership changes that enhance growth prospects. Valuation metrics are attractive with a fair P/E ratio and a high dividend yield. However, technical indicators are neutral, reflecting some uncertainty in near-term price momentum. The overall score reflects a balanced view of strong fundamentals and leadership confidence against moderate technical outlook.

To see Spark’s full report on GB:HSP stock, click here.

More about Hargreaves Services

Hargreaves Services plc is a diversified group providing services to the environmental, infrastructure, and property sectors, with operations in the UK and South East Asia. The company operates through three business segments: Services, Hargreaves Land, and a joint venture in Germany called Hargreaves Raw Materials Services GmbH. The Services segment supports industries such as energy, environmental, and UK infrastructure through materials handling and logistics. Hargreaves Land focuses on sustainable development of brownfield sites, while HRMS trades in specialist commodity markets and owns a steel waste recycling business.

YTD Price Performance: 3.17%

Average Trading Volume: 45,371

Technical Sentiment Signal: Strong Sell

Current Market Cap: £180.6M

For detailed information about HSP stock, go to TipRanks’ Stock Analysis page.