We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 |
From Apr 2019 to Apr 2024
TIDMFCRM
RNS Number : 3666M
Harwood Capital LLP
11 May 2020
Not for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY in, into or from any jurisdiction (including the united states) where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction .
this announcement contains inside information FOR THE PURPOSES OF 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.
For immediate release
11 May 2020
Harwood Capital LLP
Further Purchases of Fulcrum Shares
Harwood Capital LLP is pleased to announce that, further to its announcement of 20 April 2020, the Harwood Funds have acquired, on-market, a further 2,825,000 Fulcrum Shares (the "Share Purchases"), resulting in Harwood and the Harwood Funds being interested in 24,515,000 Fulcrum Shares, representing approximately 11.04 per cent. of Fulcrum's existing issued share capital.
These Share Purchases will further reduce the scale of the Tender Offer to the number of shares that, when combined with the shareholding of Harwood and the Harwood Funds in Fulcrum, equals approximately 29.9 per cent. of Fulcrum's existing issued share capital.
Any additional purchases made by the Harwood Funds will likewise further reduce the number of shares subject to the Tender Offer.
The requisite TR-1 notifications, with regard to the Share Purchases, are set out as an appendix to this announcement and have been filed with Fulcrum.
Harwood notes that the board of Fulcrum's refusal to distribute the Tender Offer Documents to its shareholders, and its cumbersome mechanism of issuing a consent solicitation letter (the "Consent Solicitation Letter") on 22 April 2020 to its shareholders so that they have to elect to receive the Tender Offer Documents from Harwood, is an impediment to the Fulcrum Shareholders' access to information of potential interest to them. Furthermore, many beneficial holders of Fulcrum Shares may not have received the Consent Solicitation Letter because, for example, it may have been sent to their broker or other registered legal holder.
Additionally, the board of Fulcrum is demanding a wholly unreasonable indemnity from Harwood before it will release to Harwood the contact details of those Fulcrum Shareholders who have elected to be put in contact with Harwood. Harwood does not believe it is in the best interests of Fulcrum Shareholders to be frustrated in this way from a free flow of information of potential interest to them.
Accordingly, Harwood would welcome and encourage all Fulcrum Shareholders who wish to receive information to make direct contact with Harwood. Contact details for this purpose will be announced in due course.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in Harwood's announcement of 8 April 2020.
Enquiries:
Harwood Capital LLP Tel: +44 (0)207 640 3200 Jeremy Brade, Partner James Agnew, Partner Strand Hanson Limited Tel: +44 (0)207 409 3494 (Financial Adviser to Harwood Capital LLP) Stuart Faulkner Matthew Chandler Jack Botros
Important Notice
Strand Hanson Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to the Harwood SPV and Harwood Capital LLP and no-one else in connection with the Tender Offer and will not be responsible to anyone other than the Harwood SPV and Harwood Capital LLP for providing the protections afforded to clients of Strand Hanson Limited nor for providing advice in relation to the Tender Offer, the contents of this announcement or any other matter referred to herein. Neither Strand Hanson Limited nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Strand Hanson Limited in connection with this announcement, any statement contained herein or otherwise.
Strand Hanson Limited has approved this announcement for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended). Strand Hanson Limited is listed on the Financial Services Register with the registration number 161661. Strand Hanson Limited is a company incorporated under the laws of England and Wales and has its registered office at 26 Mount Row, London W1K 3SQ.
If Fulcrum shareholders are in any doubt about the contents of this announcement or the action they should take, they are recommended to seek their own independent financial advice immediately from their stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if they are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser.
TR-1: S tandard form for notification of major holdings
Hot Features
Premium
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the FULCRUM UTILITY SERVICES LIMITED
underlying issuer of existing shares
to which voting rights are attached
(ii) :
---------------------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
-----------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
-----------------
An acquisition or disposal of financial instruments
-----------------
An event changing the breakdown of voting rights
-----------------
Other (please specify)(iii) :
-----------------
3. Details of person subject to the notification obligation (iv)
Name Harwood Capital LLP (as investment
adviser/manager) and 1. Oryx International
Growth Fund Limited, 2. Harwood Capital
LLP and 3. North Atlantic Smaller
Companies Investment Trust Plc
City and country of registered office 1. Guernsey
(if applicable) 2.&3. London, United Kingdom
4. Full name of shareholder(s) (if different from 3.) (v)
Name 1. Oryx International Growth Fund
Limited
2. Harwood Capital LLP
3. North Atlantic Smaller Companies
Investment Trust PLC
---------------------------------------------------------------------------
City and country of registered office As above
(if applicable)
---------------------------------------------------------------------------
5. Date on which the threshold was 01/05/2020
crossed or reached (vi) :
---------------------------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 11/05/2020
---------------------------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of Total number
rights attached through financial both of voting rights
to shares instruments in % (8.A + of issuer (vii)
(total (total of 8.B 8.B)
of 8. A) 1 + 8.B 2)
----------------------------- ------------------------------------ -------------------------- ---------------------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 222,106,000
1. 20,000,000 1. 9.00%
2. 300,000 2. 0.14%
3. 1,915,000 3. 0.86%
------------------------------------------------------------------- --------------------------------------------------------------- ---------------------------------
Position of 1. 20,000,000 1. 9.00%
previous notification
(if
applicable) 2. 300,000 2. 0.14%
3. 1,390,000 3. 0.63%
------------------------------------------------------------------- --------------------------------------------------------------- ---------------------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------------------------------------
KYG368851047 1. 20,000,000
2. 300,000 1. 9.00%
3. 1,915,000 2. 0.14%
3. 0.86%
---------------------------------------- --------------------------------------------------- -------------------------------------- ----------------------------------
SUBTOTAL 8. A 22,215,000 10.00%
--------------------------------------------------------------------------------------------- --------------------------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument (x) (xi) be acquired if
the instrument
is
exercised/converted.
------------------------ ------------------------------------------------------- -------------------------------------------------- ----------------------------------
SUBTOTAL 8. B 1
------------------------------------------------------- -------------------------------------------------- ----------------------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date (x) Conversion cash voting rights rights
instrument Period (xi) settlement
(xii)
----------------------------- -------------------------------------- --------------------------------- --------------------------------
SUBTOTAL 8.B.2
--------------------------------- --------------------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights x
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (xiv) (please add additional
rows as necessary)
Name (xv) % of % of voting Total of both if
voting rights it equals or is
rights through higher than the
if it financial notifiable threshold
equals or instruments
is higher if it
than the equals or
notifiable is higher
threshold than the
notifiable
threshold
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 9.00% 0 9.00%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
Oryx
International
Growth Fund
Ltd
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 0.14% 0 0.14%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 0.86% 0 0.86%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management
Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
North Atlantic
Smaller
Companies
Investment
Trust Plc
------------------------ ------------------------- -------------------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
----------------------------------------------------------------
The number and % of voting rights
held
----------------------------------------------------------------
The date until which the voting rights
will be held
----------------------------------------------------------------
11. Additional information (xvi)
Place of completion London
Date of completion 11 May 2020
-------------------------
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the FULCRUM UTILITY SERVICES LIMITED
underlying issuer of existing shares
to which voting rights are attached
(ii) :
---------------------------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
-----------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
-----------------
An acquisition or disposal of financial instruments
-----------------
An event changing the breakdown of voting rights
-----------------
Other (please specify)(iii) :
-----------------
3. Details of person subject to the notification obligation (iv)
Name Harwood Capital LLP (as investment
adviser/manager) and 1. Oryx International
Growth Fund Limited, 2. Harwood Capital
LLP and 3. North Atlantic Smaller
Companies Investment Trust Plc
City and country of registered office 2. Guernsey
(if applicable) 2.&3. London, United Kingdom
4. Full name of shareholder(s) (if different from 3.) (v)
Name 4. Oryx International Growth Fund
Limited
5. Harwood Capital LLP
6. North Atlantic Smaller Companies
Investment Trust PLC
---------------------------------------------------------------------------
City and country of registered office As above
(if applicable)
---------------------------------------------------------------------------
5. Date on which the threshold was 07/05/2020
crossed or reached (vi) :
---------------------------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 11/05/2020
---------------------------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of Total number
rights attached through financial both of voting rights
to shares instruments in % (8.A + of issuer (vii)
(total (total of 8.B 8.B)
of 8. A) 1 + 8.B 2)
----------------------------- ------------------------------------ -------------------------- ---------------------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 222,106,000
1. 20,000,000 1. 9.00%
2. 300,000 2. 0.14%
3. 4,215,000 3. 1.90%
------------------------------------------------------------------- --------------------------------------------------------------- ---------------------------------
Position of 1. 20,000,000 1. 9.00%
previous notification
(if
applicable) 2. 300,000 2. 0.14%
3. 1,915,000 3. 0.86%
------------------------------------------------------------------- --------------------------------------------------------------- ---------------------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------------------------------------
KYG368851047 1. 20,000,000
2. 300,000 1. 9.00%
3. 4,215,000 2. 0.14%
3. 1.90%
---------------------------------------- --------------------------------------------------- -------------------------------------- ----------------------------------
SUBTOTAL 8. A 24,515,000 11.04%
--------------------------------------------------------------------------------------------- --------------------------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument (x) (xi) be acquired if
the instrument
is
exercised/converted.
------------------------ ------------------------------------------------------- -------------------------------------------------- ----------------------------------
SUBTOTAL 8. B 1
------------------------------------------------------- -------------------------------------------------- ----------------------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date (x) Conversion cash voting rights rights
instrument Period (xi) settlement
(xii)
----------------------------- -------------------------------------- --------------------------------- --------------------------------
SUBTOTAL 8.B.2
--------------------------------- --------------------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights x
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name (xv) % of % of voting Total of both if
voting rights it equals or is
rights through higher than the
if it financial notifiable threshold
equals or instruments
is higher if it
than the equals or
notifiable is higher
threshold than the
notifiable
threshold
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 9.00% 0 9.00%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
Oryx
International
Growth Fund
Ltd
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 0.14% 0 0.14%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
Christopher
Harwood
Bernard Mills 1.90% 0 1.90%
------------------------ ------------------------- -------------------------------------
Harwood
Capital
Management
Ltd
------------------------ ------------------------- -------------------------------------
Harwood
Capital
LLP
------------------------ ------------------------- -------------------------------------
North Atlantic
Smaller
Companies
Investment
Trust Plc
------------------------ ------------------------- -------------------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
----------------------------------------------------------------
The number and % of voting rights
held
----------------------------------------------------------------
The date until which the voting rights
will be held
----------------------------------------------------------------
11. Additional information (xvi)
Place of completion London
Date of completion 11 May 2020
-------------------------
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.
END
MSCFLFFAELIILII
(END) Dow Jones Newswires
May 11, 2020 02:00 ET (06:00 GMT)
1 Year Fulcrum Utility Services... Chart |
1 Month Fulcrum Utility Services... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
