Share Option Awards

RNS Number : 3096A

Fulcrum Utility Services Ld

29 March 2012

 



FULCRUM UTILITY SERVICES LIMITED

Share Option Awards

Fulcrum Utility Services Limited (the "Company") is pleased to announce the following details of the grant of new share options.

The following approved options were granted on 28 March 2012 under the Fulcrum Utility Services Limited Enterprise Management Incentive ("EMI") share option scheme:

Name and position	EMI share options	Total number of EMI options held
Marcus Green Finance Director	578,313	578,313
All other qualifying staff	2,906,627	2,906,627

The following unapproved share options were also granted:

Name and position	Unapproved share options	Total number of unapproved options held
Marcus Green Finance Director	2,021,687	2,021,687
All other qualifying staff	843,373	843,373

The exercise price for the 28 March 2012 awards is 20.75p, which is equal to the closing mid-market price on 27 March 2012. There are no performance criteria attached to these shares.

The total number of share options granted (EMI and unapproved) of 6,350,000 shares represents 4.1% of the total ordinary share capital currently in issue of 154,306,667.

Enquiries:

Cenkos Securities plc (nominated adviser and broker)              [phone]

Stephen Keys / Adrian Hargrave

 

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