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.
END
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