Director Dealings

RNS Number : 6291M

Fulcrum Utility Services Ltd

31 July 2017

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 31 July 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Director Dealings

On 11 May 2017 the Company announced that Martin Donnachie, Chief Executive Officer of the Company, had notified the Board of his intention to stand down from the role on 31 July 2017 and that Martin Harrison, the Chief Financial Officer, will succeed Martin Donnachie as Chief Executive Officer with effect from 1 August 2017.

The Company has been informed that, in order to benefit from entrepreneurs tax relief available to Mr. Donnachie whilst he remains in the Company's employment, he has today sold 1,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 53.00p per share. Following this transaction, Mr Donnachie remains interested in 7,695,421 Ordinary Shares, which includes those held by his spouse.

Furthermore, the Company has been informed by Stephen Gutteridge, non-executive Director, that on 28 July 2017 he sold 35,000 Ordinary Shares at a price of 53.25p per share. Following this sale Mr. Gutteridge, and persons closely associated with Mr Gutteridge, remain interested in 214,166 Ordinary Shares.   

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Donnachie
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification / amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fulcrum Utility Services Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 53.00p per share 1,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 July 2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Gutteridge
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification / amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fulcrum Utility Services Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s)  53.25p per share 35,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 July 2017
f)	Place of the transaction	London Stock Exchange

Enquiries:

Fulcrum Utility Services Limited Craig Baugh, Head of Marketing and Customer Engagement Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Alex Aylen (Sales) Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart

[phone] [phone] [phone]

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider based in Sheffield, UK. The Company's primary business is the provision of utility infrastructure services to the residential, commercial and industrial markets throughout the main land UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiary, Fulcrum Pipelines Limited, Fulcrum is also licensed as an Independent Gas Transporter, owning and operating gas pipelines that connect properties to the main UK gas networks, and a meter asset manager.

http://www.fulcrum.co.uk/

 

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