HARGREAVES SERVICES (LSE:HSP)
Hargreaves Services notes sale of Hatfield Colliery
Hargreaves Services has noted the sale of the business and assets of Hatfield Colliery Limited to Hatfield Colliery Partnership Limited, a company ultimately owned and controlled by an employee benefit trust. This transaction sees the ultimate equity ownership of the mine transfer from ING Bank to a trust run for the benefit of the employees. Hargreaves has assisted in the restructure by, among other things, entering into a new contract with HCPL on substantially the same terms as the existing off-take contract, which had approximately one year left to run. Hargreaves has also entered into a further off-take contract that extends into the second half of 2015.
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|Bid / Ask||596.5 / 599.5|
|Day Range||595.5 / 607|
|52Week Range||522.50 / 906.50|
|Last Update: 16:35:16 (22/12/14)|