Fulcrum Utility Services Ltd Issue of Equity and PDMR Dealing (1140S)
December 16 2016 - 8:13AM
UK Regulatory
TIDMFCRM
RNS Number : 1140S
Fulcrum Utility Services Ltd
16 December 2016
This announcement contains inside information
16 December 2016
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or the "Company")
Issue of Equity and PDMR Dealing
The Company announces that, following the exercise of options by
certain of its employees and PDMRs, it has allotted a total of
5,873,286 new ordinary shares of 0.1p each ("Ordinary Shares")
pursuant to the Company's EMI, ESS and GSS share option plans.
Martin Donnachie, Chief Executive Officer, has exercised options
over 3,571,414 Ordinary Shares and subsequently sold 825,000 of
these at a price of 48.0p per Ordinary Share in order to pay the
associated exercise and tax costs. The exercise price per share was
7.0p. Furthermore, Ian Foster and Kevin Walpole, who are considered
to be PDMRs, have undertaken the following transactions today:
Ordinary
Shares allotted Ordinary Price
following Share Exercise Shares per Ordinary
Name of exercise option price sold Share
PDMR of options scheme per share sold
--------------- ----------------- -------- ----------- ----------- ---------------
500,000 48.0p
Ian Foster 1,100,000 EMI 7.00p 200,000 49.0p
--------------- ----------------- -------- ----------- ----------- ---------------
Kevin Walpole 680,000 EMI 7.75p - -
--------------- ----------------- -------- ----------- ----------- ---------------
Kevin Walpole 64,872 ESS Nil cost - -
--------------- ----------------- -------- ----------- ----------- ---------------
Kevin Walpole 257,000 GSS Nil cost - -
--------------- ----------------- -------- ----------- ----------- ---------------
An application has been made for the 5,873,286 new Ordinary
Shares to be admitted to trading on AIM and it is expected that
admission will occur at 8.00am on 19 December 2016 ("Admission").
Following Admission, the Company's issued share capital will
consist of 166,563,313 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 Disclosure Guidance and Transparency
Rules.
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 1. Exercise of options over
transaction ordinary shares
2. Sale of ordinary shares
--- ------------------------- --------------------------------------------------------
c) Price(s) and volume(s) 1. Exercise of options Price(s) Volume(s)
---------------- -----------
Exercise price
of 7.00p per
share 3,571,414
---------------- -----------
2. Sale of shares Price(s) Volume(s)
----------- ----------
48.0p per
share 825,000
----------- ----------
--- ------------------------- --------------------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--- ------------------------- --------------------------------------------------------
e) Date of the transaction 16 December 2016
--- ------------------------- --------------------------------------------------------
f) Place of the transaction 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 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 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 1. Exercise of options over
transaction ordinary shares
2. Sale of ordinary shares
--- ------------------------- --------------------------------------------------------
c) Price(s) and volume(s) 1. Exercise of options Price(s) Volume(s)
---------------- ----------
Exercise price
of 7.00p per
share 1,100,000
---------------- ----------
2. Sale of shares Price(s) Volume(s)
------------------ ----------
49.0p per share 200,000
48.0p per share 500,000
------------------ ----------
--- ------------------------- --------------------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--- ------------------------- --------------------------------------------------------
e) Date of the transaction 15/16 December 2016
--- ------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- --------------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Kevin Walpole
--- ------------------------- ------------------------------
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 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 Exercise of options over
transaction ordinary shares
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- ----------
Exercise price
of 7.75p per
share 680,000
---------------- ----------
Nil cost 64,872
---------------- ----------
Nil cost 257,000
---------------- ----------
--- ------------------------- ------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--- ------------------------- ------------------------------
e) Date of the transaction 16 December 2016
--- ------------------------- ------------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ------------------------------
Enquiries:
Fulcrum Utility Services Limited
Craig Baugh, Head of Marketing and +44 (0)114
Communications 280 4150
Cenkos Securities plc (Nominated adviser
and broker) +44 (0)20 7397
Max Hartley (Nomad) / Oliver Baxendale 8900
(Sales)
Camarco (Financial PR advisers) +44(0)203 757
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,
industrial and commercial 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
END
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