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LONDON - Hargreaves (LON:HRGV) Services plc (AIM:HSP), a UK-based diversified services provider, has announced the transfer of 16,000 ordinary shares from its treasury on Friday to meet obligations under its employee share scheme. The shares were issued at no cost to satisfy the exercise of options granted through the Company’s Deferred Share Bonus Scheme.
Post-transfer, Hargreaves retains 160,981 ordinary shares in its treasury, with the total number of voting rights in the company now standing at 32,977,775. This figure is significant for shareholders who need to disclose changes in their stake in the company, in accordance with the Disclosure and Transparency Rules.
The diversified group, which offers services to the industrial and property sectors, includes Hargreaves Land, a division focused on developing brownfield sites, and Hargreaves Raw Materials Services GmbH, a joint venture based in Germany. The company supports a range of core industries across the UK and South East Asia, from energy and environmental services to logistics and major earthworks.
This transaction reflects the company’s commitment to its employee incentive programs, which aim to align the interests of its staff with those of its shareholders. The use of treasury shares for the scheme indicates a method of employee compensation that does not dilute the current shareholders’ value.
The information regarding this transfer of shares is based on a press release statement from Hargreaves Services plc.
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