Fulcrum Utility Services Ltd Issue of Equity and Director Dealing (8225B)

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RNS Number : 8225B

Fulcrum Utility Services Ltd

06 April 2017

6 April 2017

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Issue of Equity and Director Dealing

The Company announces that following the exercise of options by an employee, it has allotted 257,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") in accordance with the terms of the Company's growth share scheme option plan.

Accordingly, an application has been made for the 257,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur at 08.00 on 12 April 2017 ("Admission"). Following Admission, the Company's issued share capital will consist of 167,498,899 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 FCA's Disclosure and Transparency Rules.

The Company has also been informed of the following transactions undertaken by Martin Harrison, Chief Financial Officer. On 5 April 2017, Mr Harrison transferred Ordinary Shares from his personal holding into an ISA, through the sale of 25,571 ordinary shares at a price of 59.6p per share and subsequent purchase of 25,087 ordinary shares into his ISA at a price of 60.7p per share.

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 Harrison 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            Chief Financial 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           ISIN: KYG368851047 
       of instrument 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature of the              Transfer of ordinary shares 
       transaction                from personal holding into 
                                  an ISA through sale and purchase 
---  -------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)      Price(s)           Volume(s) 
                                  -----------------  ---------- 
                                   Sale 59.6p 
                                    per share         25,571 
                                    Purchase 60.7p 
                                     per share         25,087 
                                  -----------------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         Volume weighted average price 
       - Price                     of 60.145p 
---  -------------------------  ---------------------------------- 
 e)   Date of the transaction    5 April 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 
 Communications 
 
 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.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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April 06, 2017 07:21 ET (11:21 GMT)