Utilitywise plc Proposed Secondary Placing (0992K)

TIDMUTW

RNS Number : 0992K

Utilitywise plc

20 June 2014

Utilitywise Plc

("Utilitywise" or "The Company")

Proposed Secondary Placing

Utilitywise PLC (AIM:UTW), a leading independent utility cost management consultancy, announces that certain Directors of the Company, certain employees of the Company and a former Director of the Company intend today to sell up to 10,350,525 ordinary shares of 0.1p in the Company (the "Placing Shares" and the "Placing"). The Placing Shares are being sold in part as a result of the maturing of Utilitywise's 2012 Long Term Incentive Plan.

The completion of the Placing and the resulting Directors shareholdings will be announced as soon as practicable.

For further information please contact:

 
 Utilitywise plc                                     0870 626 0559 
 Geoff Thompson (CEO) 
  Andrew Richardson (CFO) 
 
 finnCap (NOMAD and broker)                          020 7220 0500 
 Matt Goode / Charlotte Stranner / Henrik Persson 
  (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
 Newgate Threadneedle                                020 7653 9850 
 Josh Royston / John Coles / Hilary Millar 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear. The Company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise has over 17,000 customers and manages an overall energy consumption of approaching 20 terra watt hours per annum.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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