Hargreaves Services PLC Pre-Close Trading Update and Results Notification (7157Q)
08 June 2018 - 4:00PM
UK Regulatory
TIDMHSP
RNS Number : 7157Q
Hargreaves Services PLC
08 June 2018
8 June 2018
Hargreaves Services plc
(the "Company" or the "Group")
Pre-Close Trading Update and Notification of Interim Results
Hargreaves Services plc (AIM: HSP), a diversified group
delivering services to the industrial, energy and property sectors,
provides the following update on trading ahead of reporting its
preliminary results for the year ended 31 May 2018.
Trading has been satisfactory, and the Board expects to report
results in line with its expectations. Net debt is likely to be
cGBP30m, which is higher than expected solely due to the delay in
the sale of a legacy land asset. Contracts for sale have now been
exchanged.
Following a thorough process managed by third party advisors,
the Board has now entered into exclusive negotiations with one
party to acquire Brockwell Energy Limited. Completion of the
disposal is expected to occur within the next few months.
The Group expects to report its preliminary results for the year
ended 31 May 2018 on Wednesday 1 August 2018. A briefing for
analysts will be held at 10.00am on the morning of the results at
the offices of Buchanan, 107 Cheapside, London EC2V 6DN. For more
information on the briefing, please contact Buchanan on 020 7466
5000.
For further details:
Hargreaves Services plc
Gordon Banham, Chief Executive
Officer
John Samuel, Group Finance Director 0191 373 4485
Buchanan (Financial PR)
Mark Court/Sophie Wills/Henry
Wilson 0207 466 5000
N+1 Singer (Nomad and Joint Corporate
Broker)
Sandy Fraser/Rachel Hayes 0207 496 3000
Investec (Joint Corporate Broker)
Sara Hale/Helene Comitis 0207 597 4000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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