HARGREAVES SERVICES

Shareholders of Hargreaves Services approved a special resolution to authorise a buyback offer at the general meeting with 99.97% of the votes. A total of 18,483,742 votes were cast, representing 55.91% of the issued share capital; 4,921 votes were against and there were 906 abstentions. The acceptance period ended on Monday at 1:00 pm British time, and Hargreaves Services expects to announce the offer results on Thursday. » Mere på de.investing.com

Hargreaves Services will receive a total of £10m following Tungsten West’s fundraising: £3m as the remaining payment from the sale of the Hemerdon mine and a £7m compensation payment, payable no later than 15 May 2027 and to be recognised as an exceptional item in the current financial year. Tungsten West has terminated the services agreement and will run the mine itself, removing planned £1m instalments for 2027 and 2028. Hargreaves remains in talks about possible future support for the mine; business performance is in line with expectations. » Mere på de.investing.com

Hargreaves Services expects significant revenue and pre-tax profit growth for the six months to 30 November, driven by the services division and Hargreaves Land. Hargreaves Land sold an initial tranche of sites for renewable energy and completed a material sale in the Blindwells development, while Services benefited from major infrastructure projects and blue‑chip contracts. Cash balances rose to £37.3m, lease liabilities increased to around £43.2m, and the group remains free of bank debt. Hargreaves remains confident of meeting market expectations for the full year and will publish interim results on 28 January 2026. » Mere på de.investing.com

Hargreaves Services is holding a capital markets day in London focused on the Services business and the German joint venture Hargreaves Raw Materials Services (HRMS). Management will present the business model, target markets, connectivity, clean energy and environmental services, and current projects. CEO Gordon Banham will explain the operation of the steel recycling plant DK Recycling in Duisburg and the opportunities from switching to green steel production in Europe. No material new trading information is expected; the presentation and a recording will be published after the event and made available via webcast. » Mere på de.investing.com

Gordon Banham, through GB Holdings (2021) Limited, acquired 7,600 ordinary shares of Hargreaves Services at a price of 650 pence per share. After the purchase, Banham holds 2,800,061 shares, representing about 8.45% of the issued share capital. The transaction was disclosed in a mandatory notification to the London Stock Exchange. » Mere på de.investing.com