Hargreaves Services plc
("Hargreaves" or the "Group")
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, will hold its Annual General Meeting ("AGM") later this morning. Ahead of the meeting, the Group's Chairman, Roger McDowell, has issued the following statement:
"I am pleased to announce that all three sectors of the Group, Services, Hargreaves Land and our German Joint Venture, Hargreaves Raw Material Services GmbH, are trading in line with the Board's expectations. The streamlined strategy outlined at the year-end, is progressing well.
The recent admission of Tungsten West plc to AIM provides an exciting opportunity for growth for the Services business unit.
The Board remains confident of delivering results for the full year in line with market expectations."
The Board expects to provide a trading update in early December 2021 prior to the announcement of the Group's interim results for the six months ending 30 November 2021 on Wednesday 26 January 2022.
For further details:
Gordon Banham, Chief Executive Officer
John Samuel, Group Finance Director
Tel: 0191 373 4485
Walbrook PR (Financial PR & IR)
Paul McManus/Lianne Applegarth
Tel: 020 7933 8780 or firstname.lastname@example.org
Mob: 07980 541 893 / 07584 391 303
Singer Capital Markets (Nomad and Joint Corporate Broker)
Sandy Fraser/Justin McKeegan/Rachel Hayes
Tel: 020 7496 3000
Investec (Joint Corporate Broker)
Sara Hale/David Anderson/Shalin Bhamra
Tel: 020 7597 5970
About Hargreaves Services plc www.hsgplc.co.uk
Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company's three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH (HRMS). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks. Hargreaves Land is focused on the sustainable development of brownfield sites for both residential and commercial purposes. HRMS trades in specialist commodity markets and owns DK Recycling, a specialist recycler of steel waste material. Hargreaves is headquartered in County Durham and has operational centres across the UK, as well as in Hong Kong and a joint venture in Duisburg, Germany.