Issue of Equity and PDMR Dealings

RNS Number : 8087O

Fulcrum Utility Services Ltd

23 August 2017

 

23 August 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Issue of Equity and PDMR Dealings

The Company announces that following the exercise of options by certain employees, including one PDMR, it has allotted an aggregate of 884,168 ordinary shares of 0.1p each in the Company ("Ordinary Shares") in accordance with the terms of the Company's EMI share scheme option plans.

Accordingly, an application has been made for the 884,168 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur at 08.00 on 30 August 2017 ("Admission"). Following Admission, the Company's issued share capital will consist of 174,656,734 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 Guidance 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	Carly Gilchrist
2	Reason for the notification
a)	Position/status	Assets 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
	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 Enterprise Management Incentive scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.0775 500,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	23 August 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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