Director/PDMR Shareholding

RNS Number : 6981V

Fulcrum Utility Services Ltd

01 February 2017

 

 01 February 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Issue of Equity and PDMR Dealing

The Company announces that, following the exercise of options by a Director and a PDMR, it has allotted and issued a total of 678,586 new ordinary shares of 0.1p each ("Ordinary Shares") pursuant to the Company's EMI and ESS share option plans.

Martin Donnachie, Chief Executive Officer, has exercised options over 428,586 Ordinary Shares at an exercise price of 7.0p per share and subsequently transferred these 428,586 Ordinary Shares to his spouse for nil consideration.

Furthermore, Ian Foster, who is considered to be a PDMR, has exercised options over 250,000 Ordinary Shares at nil cost per share, in accordance with the Company's ESS share option scheme, and has also undertaken the following transactions:

Date	Ordinary Shares sold	Price per Ordinary Share sold
26 January 2017	350,000	58.0p
27 January 2017	100,000	58.0p
30 January 2017	100,000	58.0p

An application has been made for the 678,586 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00am on 3 February 2017 ("Admission"). Following Admission, the Company's issued share capital will consist of 167,241,899 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 Disclosure Guidance and Transparency Rules.

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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	1.     Exercise of options over ordinary shares 2.     Transfer of shares to spouse
c)	Price(s) and volume(s)	1.     Exercise of options Price(s) Volume(s) Exercise price of 7.0p per share 428,586 2.     Transfer of shares Price(s) Volume(s)  Nil consideration 428,586
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	27 January 2017
f)	Place of the transaction	London Stock Exchange

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	Acquisition of Ordinary Shares of 0.1p each, following transfer from Martin Donnachie
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil consideration 428,586
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	27 January 2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Foster
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	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	1.     Exercise of options over ordinary shares 2.     Sale of ordinary shares
c)	Price(s) and volume(s)	1.             Exercise of options Price(s) Volume(s) Nil cost 250,000 2.             Sale of shares Price(s) Volume(s) 1.     58.0p per share 2.     58.0p per share 3.     58.0p per share 350,000 100,000 100,000
d)	Aggregated information - Aggregated volume - Price	Weighted average selling price of 58.0p per share
e)	Date of the transaction	1.     26 January 2017 - exercise of options and share sale (1) above 2.     27 January 2017 - share sale (2) above 3.     30 January 2017 - share sale (3) above
f)	Place of the transaction	London Stock Exchange

Enquiries:

Fulcrum Utility Services Limited Craig Baugh, Head of Marketing and Communications Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Oliver Baxendale (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, industrial and commercial 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.

http://www.fulcrum.co.uk/

 

END

 

 

DSHGRGDDIGGBGRB