Fulcrum Utility Services Ltd Director Dealings (6291M)

TIDMFCRM

RNS Number : 6291M

Fulcrum Utility Services Ltd

31 July 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

31 July 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Director Dealings

On 11 May 2017 the Company announced that Martin Donnachie, Chief Executive Officer of the Company, had notified the Board of his intention to stand down from the role on 31 July 2017 and that Martin Harrison, the Chief Financial Officer, will succeed Martin Donnachie as Chief Executive Officer with effect from 1 August 2017.

The Company has been informed that, in order to benefit from entrepreneurs tax relief available to Mr. Donnachie whilst he remains in the Company's employment, he has today sold 1,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 53.00p per share. Following this transaction, Mr Donnachie remains interested in 7,695,421 Ordinary Shares, which includes those held by his spouse.

Furthermore, the Company has been informed by Stephen Gutteridge, non-executive Director, that on 28 July 2017 he sold 35,000 Ordinary Shares at a price of 53.25p per share. Following this sale Mr. Gutteridge, and persons closely associated with Mr Gutteridge, remain interested in 214,166 Ordinary Shares.

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       Initial 
       / amendment 
---  -------------------------  ----------------------------- 
 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             Ordinary Shares of 0.1p each 
       the financial 
       instrument, type 
       of instrument              ISIN: KYG368851047 
 
       Identification 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Sale of ordinary shares 
       transaction 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)      Price(s)      Volume(s) 
                                  ------------  ---------- 
                                   53.00p per 
                                    share        1,000,000 
                                  ------------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information 
       - Aggregated volume         N/A 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    31 July 2017 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                       Stephen Gutteridge 
---  -------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
---  -------------------------  ----------------------------- 
 b)   Initial notification       Initial 
       / amendment 
---  -------------------------  ----------------------------- 
 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             Ordinary Shares of 0.1p each 
       the financial 
       instrument, type 
       of instrument              ISIN: KYG368851047 
 
       Identification 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Sale of ordinary shares 
       transaction 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)      Price(s)      Volume(s) 
                                  ------------  ---------- 
                                   53.25p per 
                                    share        35,000 
                                  ------------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information 
       - Aggregated volume         N/A 
       - Price 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    28 July 2017 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ----------------------------- 
 

Enquiries:

 
Fulcrum Utility Services Limited            +44 (0)114 
 Craig Baugh, Head of Marketing and          280 4150 
 Customer Engagement 
 
 Cenkos Securities plc (Nominated adviser    [phone] 
 and broker)                                 8900 
 Max Hartley (Nomad) / Alex Aylen (Sales) 
 
 Camarco (Financial PR advisers)             [phone] 
 Ginny Pulbrook / Tom Huddart                4992 
 

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/

This information is provided by RNS

The company news service from the London Stock Exchange

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July 31, 2017 10:19 ET (14:19 GMT)