Issue of Equity and Director Dealings

RNS Number : 3475H

Fulcrum Utility Services Ltd

07 June 2017

 

7 June 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Issue of Equity and Director Dealings

The Company announces that following the exercise of options by certain employees and directors, it has allotted an aggregate of 6,273,667 ordinary shares of 0.1p each in the Company ("Ordinary Shares") in accordance with the terms of the Company's share scheme option plans. Included within this figure are 1,473,000 new Ordinary Shares to be issued to Martin Donnachie, Chief Executive Officer, pursuant to an exercise of options under the Company's Growth Share Scheme, and 3,567,988 new Ordinary Shares to be issued pursuant to an exercise of options under the Company's Employee Status Scheme.  Following this exercise, Martin has arranged for 4,304,488 new Ordinary Shares to be transferred to his wife.

Accordingly, an application has been made for the 6,273,667 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur at 08.00 on 12 June 2017 ("Admission"). Following Admission, the Company's issued share capital will consist of 173,772,566 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. Further detail on the exercise of options is set out below.

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
	1)
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Exercise of options over ordinary shares pursuant to company's Growth Share Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 1,473,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 June 2017
f)	Place of the transaction	Outside a trading venue
	2)
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Exercise of options over ordinary shares pursuant to company's Employee Status Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 3,567,988
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 June 2017
f)	Place of the transaction	Outside a trading venue
	3)
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Transfer of shares from personal holding to spouse, Joanne Donnachie
c)	Price(s) and volume(s)	Price(s) Volume(s) Transfer for nil consideration 4,304,488
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 June 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joanne Donnachie
2	Reason for the notification
a)	Position/status	Person closely associated with Martin Donnachie, Chief Executive Officer of Fulcrum Utility Services Limited
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	Transfer of ordinary shares for nil consideration from Martin Donnachie
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 4,304,488
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7 June 2017
f)	Place of the transaction	Outside a trading venue

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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