TIDMFCRM
RNS Number : 1940C
Fulcrum Utility Services Ltd
27 September 2018
27 September 2018
Fulcrum Utility Services Limited
("Fulcrum" or the "Company")
Director / PDMR Dealings and Issue of Equity
The Company today announces the following exercises of options
over new ordinary shares of 0.1p each ("Ordinary Shares") in
Fulcrum by Directors and a person discharging managerial
responsibilities ("PDMR"):
Director/PDMR Ordinary Shares Ordinary Shares Total Ordinary
issued pursuant issued pursuant Shares acquired
to exercises under to exercises under
ESS 2015 option GSS 2016 option
plan at nil cost plan at nil cost
Martin Harrison
(CEO) 2,172,719 2,172,719
-------------------------------- --------------------------------- ---------------------
Ian Foster
(COO) 673,826 750,000 1,423,826
-------------------------------- --------------------------------- ---------------------
Carly Gilchrist
(PDMR) 486,544 486,544
-------------------------------- --------------------------------- ---------------------
Further to the above exercises, Martin Harrison transferred
3,129,719 Ordinary Shares to his wife Claire Harrison and Ian
Foster transferred 1,423,826 Ordinary Shares to his wife Nicola
Foster, all for nil consideration.
Following admission of the new Ordinary Shares to trading on AIM
("Admission"):
-- Martin Harrison's total beneficial interest in the Company,
including his wife's shares, will be 3,337,773 Ordinary Shares;
-- Ian Foster's total beneficial interest will be 1,423,826
Ordinary Shares, all of which shall be held by his wife; and
-- Carly Gilchrist's total interest will be 705,544 Ordinary Shares.
The Directors and PDMR plan to hold their shares for the
foreseeable future.
The Company also announces that it has issued an additional
82,804 Ordinary Shares pursuant to employee exercises of
options.
Accordingly, the Company has applied for 4,165,893 new Ordinary
Shares to be admitted to trading on AIM on 3 October 2018.
Following Admission, the Company will have 220,328,797 Ordinary
Shares in issue admitted to trading on AIM.
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 1. Exercise of options over ordinary
shares of 0.1p each pursuant to
ESS 2015 option plan
2. Transfer of ordinary shares to
Claire Harrison for nil consideration
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. ESS - Nil 1. 2,172,719
cost
2. Nil cost 2. 3,129,719
--------------
-------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 1. N/A - single transaction
- Price 2. N/A - single transaction
-------------------------- ---------------------------------------
e) Date of the transaction 26 September 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 1. Exercise of options over ordinary
shares of 0.1p each pursuant to
ESS 2015 option plan
2. Exercise of options over ordinary
shares of 0.1p each pursuant to
GSS 2016 option plan
3. Transfer of ordinary shares to
Nicola Foster for nil consideration
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. ESS - Nil 1. 673,826
cost
2. GSS - Nil 2. 750,000
cost
3. Nil cost 3. 1,423,826
-------------------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 1. N/A - single transaction
- Price 2. N/A - single transaction
3. N/A - single transaction
-------------------------- -------------------------------------------
e) Date of the transaction 26 September 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 ESS 2015 option plan
--------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
ESS - Nil cost 485,544
----------
--------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------
e) Date of the transaction 26 September 2018
--------------------------- -----------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Claire Harrison
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Wife of Martin Harrison, Chief Executive
Officer of Fulcrum Utility Services
Limited
-------------------------- -----------------------------------------
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 Transfer of ordinary shares from
Martin Harrison for nil consideration
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 3,129,719
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 26 September 2018
-------------------------- -----------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicola Foster
--------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Wife of Ian Foster, COO of Fulcrum
Utility Services Limited
--------------------------- -----------------------------------
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 Transfer of ordinary shares from
Ian Foster for nil consideration
--------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 1,423,826
----------
--------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
--------------------------- -----------------------------------
e) Date of the transaction 26 September 2018
--------------------------- -----------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- -----------------------------------
Enquiries:
+44 (0)114 280
Fulcrum Utility Services Limited 4102
Hazel Griffiths, Chief Financial Officer
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
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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