Fulcrum Utility Services Ltd Director Dealings (6291M)
July 31 2017 - 9:19AM
UK Regulatory
TIDMFCRM
RNS Number : 6291M
Fulcrum Utility Services Ltd
31 July 2017
The information contained within this announcement is deemed to
constitute inside information as stipulated under 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.
31 July 2017
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or the "Company")
Director Dealings
On 11 May 2017 the Company announced that Martin Donnachie,
Chief Executive Officer of the Company, had notified the Board of
his intention to stand down from the role on 31 July 2017 and that
Martin Harrison, the Chief Financial Officer, will succeed Martin
Donnachie as Chief Executive Officer with effect from 1 August
2017.
The Company has been informed that, in order to benefit from
entrepreneurs tax relief available to Mr. Donnachie whilst he
remains in the Company's employment, he has today sold 1,000,000
ordinary shares of 0.1p each ("Ordinary Shares") at a price of
53.00p per share. Following this transaction, Mr Donnachie remains
interested in 7,695,421 Ordinary Shares, which includes those held
by his spouse.
Furthermore, the Company has been informed by Stephen
Gutteridge, non-executive Director, that on 28 July 2017 he sold
35,000 Ordinary Shares at a price of 53.25p per share. Following
this sale Mr. Gutteridge, and persons closely associated with Mr
Gutteridge, remain interested in 214,166 Ordinary Shares.
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 Sale of ordinary shares
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
53.00p per
share 1,000,000
------------ ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--- ------------------------- -----------------------------
e) Date of the transaction 31 July 2017
--- ------------------------- -----------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- -----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Stephen Gutteridge
--- ------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------- -----------------------------
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 Sale of ordinary shares
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
53.25p per
share 35,000
------------ ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
--- ------------------------- -----------------------------
e) Date of the transaction 28 July 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
Customer Engagement
Cenkos Securities plc (Nominated adviser +44 (0)20 7397
and broker) 8900
Max Hartley (Nomad) / Alex Aylen (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,
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, and a meter asset manager.
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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