Issue of Equity and PDMR Dealings

RNS Number : 1695N

Fulcrum Utility Services Ltd

20 September 2019

 

20 September 2019

Fulcrum Utility Services Limited

("Fulcrum" or the "Company")

Issue of Equity and PDMR Dealings  

The Company announces the issue of 481,343 new ordinary shares of 0.1p each in Fulcrum ("New Ordinary Shares") to certain employees and persons discharging managerial responsibilities (PDMRs) in the Company pursuant to an exercise of options under the Company's SAYE Share Option Plan 2016.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place on 26 September 2019. Following Admission, the Company will have 222,105,726 Ordinary Shares in issue admitted to trading on AIM.

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation: 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Carly Gilchrist
2	Reason for the notification
a)	Position/status	PDMR
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	213800UOG45CW6KZY620
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	Exercise of options over ordinary shares in accordance with SAYE Share Option Plan 2016
c)	Price(s) and volume(s)	Price(s) Volume(s) 22.1p per share 32,579
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 September 2019
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Craig Baugh
2	Reason for the notification
a)	Position/status	PDMR
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	213800UOG45CW6KZY620
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	Exercise of options over ordinary shares in accordance with SAYE Share Option Plan 2016
c)	Price(s) and volume(s)	Price(s) Volume(s) 22.1p per share 40,723
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	20 September 2019
f)	Place of the transaction	Outside of a trading venue

Enquiries:

Fulcrum Utility Services Limited Martin Harrison, Chief Executive Officer Daren Harris, Chief Financial Officer Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Michael Johnson (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 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.

 

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