Notice of GM

Fulcrum Utility Services Ltd

03 May 2023

 

3 May 2023

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or "the Group")

Notice of General Meeting

Further to the Company's previous announcement with regards to the Facility Agreement, the Company announces that it has today published, and posted, a Notice of General Meeting to its shareholders.

Whilst Conversion has not occurred, under the terms of the Facility Agreement, the Company agreed to convene the General Meeting to seek certain authorities necessary to permit the issue of the Conversion Shares if and when the Loan is converted, in accordance with the Facility Agreement.

The General Meeting will be held at 11.00am on Tuesday 23 May 2023 at the offices of the Company, 2 Europa View, Sheffield, S9 1XH.

A copy of the Notice of General Meeting can also be found on the Company's website https://investors.fulcrum.co.uk/investors/results-reports-and-presentations/

Open Offer process for Minority Shareholders

·      As noted in the Company's announcements of 5 December 2022 and 6 April 2023, the Company intends to undertake an Open Offer to shareholders shortly following Conversion of the Amended Facility.

·      The Company is continuing to engage with the Lenders (whose consent is required under the Facility Agreement) to agree the size and structure of the Open Offer, and details will be provided as and when any Conversion occurs.

·      It is expected that shareholder approval will be required for any such Open Offer and a further general meeting will be convened at the relevant time to seek such approval.

Enquiries:

Fulcrum Utility Services Limited Jonathan Jager, Chief Financial Officer Cenkos Securities plc (Nominated adviser and broker) Camilla Hume / Callum Davidson (Nomad) / Michael Johnson (Sales)	[phone] [phone]

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider. The Group operates nationally with its head office in Sheffield, UK. It designs, builds, owns and maintains utility infrastructure and offers smart meter exchange programmes. https://investors.fulcrum.co.uk

 

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