Directorate Changes

RNS Number : 7397P

Fulcrum Utility Services Ltd

12 June 2020

 

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum", the "Company" or the "Group")

Directorate Changes

Further to the Company's recent announcement regarding proposed changes to the Board of Directors, Fulcrum announces that Jonathan Turner and Jeremy Brade have been appointed as Non-Executive Directors of the Company with immediate effect.

Jeremy Brade is a partner at Harwood and has been investing in UK smaller companies for 19 years. He has deep experience of serving on the boards of private and listed companies and developing their strategies to enhance shareholder value for all shareholders.  His career has spanned both public and private sectors.

Jonathan Turner is the owner and Chief Executive of The Bayford Group comprising a diverse number of entrepreneurial companies predominately in the energy and property sectors. With over 30 years' experience in downstream energy, Jonathan has led a variety of start-up businesses, management buy outs, mergers, acquisitions and disposals. The global move away from fossil fuels has led Jonathan into the supply of electricity, gas and electric vehicle charge points in the UK and Netherlands. Jonathan is a substantial shareholder in Fulcrum.

Further information is disclosed below pursuant to Schedule Two, paragraph (g) of the AIM Rules:

Jeremy James Brade, aged 59, is currently or has previously been a director of the following companies or partnerships within the past five years.

Existing directorships / partnerships	Previous directorships / partnerships within the past five years
Harwood Capital Management Limited	Nastor Investments Limited
Harwood Holdco Limited	Celsis International Limited
North Atlantic Value GP III Limited	DMWSL 633 Limited
North Atlantic Value GP 4 Limited	Celsis Group Limited
Harwood Capital LLP (formerly North Atlantic Value LLP)	TPE3 Nastor Limited
North Atlantic Value GP 5 LLP	Sherwood Holdings Limited
FIH Group PLC	Indoor Bowling Equity Limited
Jaguar Holdings Limited	Indoor Bowling Acquisitions Limited
Journey Group Limited	Galileo Group Limited
Scientific Health Limited	Inspecs Holdings Limited
Slim Holdings Limited	The Wells Cathedral School Foundation (Trustee)
ZYX 321 Limited
Specialist Components Ltd
APC Technology Group PLC
Utilities Infrastructure Provider Limited
The Gurkha Welfare Trust (Trustee)
UK Trust for Nature Conservation in Nepal (Trustee)
North Atlantic PC Holding Inc.

Harwood Capital LLP and certain of its clients are currently interested 24,515,000 Ordinary Shares in Fulcrum. Jeremy is currently a member and partner of Harwood Capital LLP.

Jeremy was previously a director of United Industries Public Limited Company which went into administration on 5 April 2006, some five months after his resignation as a director on 28 October 2005. 

Jeremy was previously a director of PNC Telecom PLC from 3 February 2003 to 23 June 2003. The company went into administration on 23 June 2003 and the administration order was discharged (and PNC Telecom PLC resumed business) on 15 June 2004.

Jeremy was a director of Valiant Sports Holdings Limited which was wound up voluntarily by its creditors, with an estimated deficiency to creditors of £2.65 million, and was dissolved on 5 September 2014.

Jonathan Charles Deacon Turner, aged 54, is currently or has previously been a director or partner of the following companies or partnerships within the past five years.

Existing directorships / partnerships	Previous directorships / partnerships within the past five years
Gas and Power Limited	SHS2 Limited (11243074)
Jaytee F&B Ltd	Thrust Energy LLP (OC414429)
Diesel 24 Limited	Philippa Hall Ltd
Laudale Estate LLP	Jaytee Retail Ltd
Jaytee Thatched LLP	The Great Battlebox Company Ltd
LTD Jaytee (Northallerton) Ltd	Jaytee (Ripon) LLP
The Right Fuelcard Company Limited	Jaytee (Rainton) LLP
Truckhaven Ltd	PMD Environmental Limited
BE Fuelcards Holdings Limited	Oilfast Limited (SC453328)
Decadent Retreats LLP	The Adventure Box Company for Boys Ltd
The Jaytee Foundation	Rose Energy Supply Limited
Cundall Manor Limited
BE Fuelcards Ltd BE
Jaytee (UK) Ltd
Countrywide Fuel Cards Limited
Bayford & Co. (Developments) Limited
Bayford & Co Ltd
Thrust Petroleum Limited
Countrywide Derv Limited
Bowcliffe Hall Limited
Bayford Energy Holdco Limited
Bayford Energy Bidco Limited
Jaytee Fair Lady Ltd
Smarter Home Services Limited
Orange Disk Limited

Jonathan holds a total beneficial interest in 30,127,525 Ordinary Shares in the Company, of which 18,835,000 are held by Bayford & Co Ltd (an entity controlled by Jonathan), 10,233,475 are held in his own name, 596,198 shares are held by his wife and 462,852 shares are held via his personal pension.

Enquiries:

Fulcrum Utility Services Limited Daren Harris, Chief Executive Officer Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Michael Johnson (Sales) N+1 Singer (Joint Corporate Broker) Sandy Fraser / Rachel Hayes / Carlo Spingardi Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart

[phone] [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 mainland UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiaries, Fulcrum Pipelines Limited and Fulcrum Electricity Assets Limited, Fulcrum is also licensed as an Independent Gas Transporter and Independent Distribution Network Operator, owning and operating gas and electrical assets that connect properties to the main UK gas and electricity networks. Fulcrum is also a meter asset manager, owning and operating meter assets across mainland UK.

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

 

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