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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fulcrum Utility Services Ld | LSE:FCRM | London | Ordinary Share | KYG368851047 | ORD 0.1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.15 | 0.10 | 0.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFCRM
RNS Number : 3113T
Fulcrum Utility Services Ltd
02 July 2018
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
2 July 2018
Fulcrum Utility Services Limited
("Fulcrum" or the "Company")
Issue of Equity and Director / PDMR Dealings
The Company today announces that certain PDMRs and an employee have exercised options over 4,824,421 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"). Martin Harrison, CEO, exercised 3,000,000 options under the Company's 2015 Enterprise Management Incentive Scheme ("EMI"), at an exercise price of 7.75 pence per share. Furthermore, he also exercised 957,000 options under the Company's 2016 Growth Share Scheme ("GSS"), in accordance with the terms of the scheme. These options have vested in full with the Company having achieved the relevant performance criteria in 2014 and 2016. Mr Harrison subsequently sold 3,000,000 Ordinary Shares at 70 pence per share.
The Company also announces that Ian Foster, COO, exercised 400,000 options under the Company's 2015 ESS option plan. Mr Foster, subsequently sold 400,000 Ordinary Shares at 70 pence per share. Furthermore, Carly Gilchrist, PDMR, exercised 219,000 GSS options and also sold 500,000 Ordinary Shares which she already held at 70 pence per share.
Accordingly, the Company has made an application for 4,824,421 new Ordinary Shares to be admitted to trading. Admission of the new Ordinary Shares will occur at 8:00a.m. on 6 July 2018. Following Admission there will be 216,184,623 Ordinary Shares in issue, which may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Martin Harrison -------------------------- ----------------------------------------- 2 Reason for the notification --------------------------------------------------------------------- a) Position/status CEO -------------------------- ----------------------------------------- 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 213800UOG45CW6KZY620 -------------------------- ----------------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code -------------------------- ----------------------------------------- b) Nature of the transaction Exercise of options in accordance with: 1. Company's 2015 Enterprise Management Incentive Scheme; and 2. Company's 2016 Growth Share Scheme. -------------------------- ----------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 1. EMI - 7.75p per share 3,000,000 2. GSS - nil cost 957,000 ---------- -------------------------- ----------------------------------------- d) Aggregated information - Aggregated volume 3,957,000 - Price GBP232,500.00 -------------------------- ----------------------------------------- e) Date of the transaction 2 July 2018 -------------------------- ----------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------- ----------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Ian Foster -------------------------- ------------------------------------- 2 Reason for the notification ----------------------------------------------------------------- a) Position/status COO -------------------------- ------------------------------------- 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 213800UOG45CW6KZY620 -------------------------- ------------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code -------------------------- ------------------------------------- b) Nature of the transaction Exercise of options in accordance with Company's 2015 ESS option plan -------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil cost 400,000 ---------- -------------------------- ------------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price -------------------------- ------------------------------------- e) Date of the transaction 2 July 2018 -------------------------- ------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------- ------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Carly Gilchrist --------------------------- ----------------------------------- 2 Reason for the notification ---------------------------------------------------------------- a) Position/status PDMR --------------------------- ----------------------------------- 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 213800UOG45CW6KZY620 --------------------------- ----------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code --------------------------- ----------------------------------- b) Nature of the transaction Exercise of options in accordance with company's 2016 Growth Share Scheme --------------------------- ----------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil cost 219,000 ---------- --------------------------- ----------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price --------------------------- ----------------------------------- e) Date of the transaction 2 July 2018 --------------------------- ----------------------------------- f) Place of the transaction Outside of a trading venue --------------------------- ----------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Martin Harrison
---------------------------- ---------------------------------- 2 Reason for the notification ---------------------------------------------------------------- a) Position/status CEO ---------------------------- ---------------------------------- 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 213800UOG45CW6KZY620 ---------------------------- ---------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code ---------------------------- ---------------------------------- b) Nature of the transaction Sale of Ordinary Shares ---------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 70p per share 3,000,000 ---------- ---------------------------- ---------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price ---------------------------- ---------------------------------- e) Date of the transaction 2 July 2018 ---------------------------- ---------------------------------- f) Place of the transaction XLON 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 COO ---------------------------- ---------------------------------- 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 213800UOG45CW6KZY620 ---------------------------- ---------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code ---------------------------- ---------------------------------- b) Nature of the transaction Sale of Ordinary Shares ---------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 70p per share 400,000 ---------- ---------------------------- ---------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price ---------------------------- ---------------------------------- e) Date of the transaction 2 July 2018 ---------------------------- ---------------------------------- f) Place of the transaction XLON London Stock Exchange ---------------------------- ---------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Carly Gilchrist ---------------------------- ---------------------------------- 2 Reason for the notification ---------------------------------------------------------------- a) Position/status PDMR ---------------------------- ---------------------------------- 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 213800UOG45CW6KZY620 ---------------------------- ---------------------------------- 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 Ordinary Shares of 0.1p each financial instrument, type of instrument ISIN: KYG368851047 Identification code ---------------------------- ---------------------------------- b) Nature of the transaction Sale of Ordinary Shares ---------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 70p per share 500,000 ---------- ---------------------------- ---------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price ---------------------------- ---------------------------------- e) Date of the transaction 2 July 2018 ---------------------------- ---------------------------------- f) Place of the transaction XLON London Stock Exchange ---------------------------- ----------------------------------
Enquiries:
+44 (0)114 280 Fulcrum Utility Services Limited 4150 Craig Baugh, Director of Sales and Marketing Cenkos Securities plc (Nominated adviser and broker) +44 (0)20 7397 Max Hartley (Nomad) / Nick Searle (Sales) 8900 Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart +44(0)203 757 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 mainland UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiaries, Fulcrum Pipelines Limited and Fulcrum Electricity Assets Limited, Fulcrum is also licensed as an Independent Gas Transporter and Independent Distribution Network Operator, owning and operating gas and electrical assets that connect properties to the main UK gas and electricity networks. Fulcrum is also a meter asset manager, owning and operating meter assets across mainland UK. In 2018, Fulcrum acquired The Dunamis Group Limited ("Dunamis"), a leading electrical infrastructure services company, and CDS Pipelines Limited, a specialist gas services provider.
http://www.fulcrum.co.uk/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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July 02, 2018 10:36 ET (14:36 GMT)
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