TIDMFCRM

RNS Number : 7397P

Fulcrum Utility Services Ltd

12 June 2020

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum", the "Company" or the "Group")

Directorate Changes

Further to the Company's recent announcement regarding proposed changes to the Board of Directors, Fulcrum announces that Jonathan Turner and Jeremy Brade have been appointed as Non-Executive Directors of the Company with immediate effect.

Jeremy Brade is a partner at Harwood and has been investing in UK smaller companies for 19 years. He has deep experience of serving on the boards of private and listed companies and developing their strategies to enhance shareholder value for all shareholders. His career has spanned both public and private sectors.

Jonathan Turner is the owner and Chief Executive of The Bayford Group comprising a diverse number of entrepreneurial companies predominately in the energy and property sectors. With over 30 years' experience in downstream energy, Jonathan has led a variety of start-up businesses, management buy outs, mergers, acquisitions and disposals. The global move away from fossil fuels has led Jonathan into the supply of electricity, gas and electric vehicle charge points in the UK and Netherlands. Jonathan is a substantial shareholder in Fulcrum.

Further information is disclosed below pursuant to Schedule Two, paragraph (g) of the AIM Rules:

Jeremy James Brade, aged 59, is currently or has previously been a director of the following companies or partnerships within the past five years.

 
 Existing directorships / partnerships   Previous directorships / partnerships 
                                          within the past five years 
 
 Harwood Capital Management Limited      Nastor Investments Limited 
 Harwood Holdco Limited                  Celsis International Limited 
 North Atlantic Value GP III Limited     DMWSL 633 Limited 
 North Atlantic Value GP 4 Limited       Celsis Group Limited 
 Harwood Capital LLP (formerly 
  North Atlantic Value LLP)              TPE3 Nastor Limited 
 North Atlantic Value GP 5 LLP           Sherwood Holdings Limited 
 FIH Group PLC                           Indoor Bowling Equity Limited 
                                         Indoor Bowling Acquisitions 
 Jaguar Holdings Limited                  Limited 
 Journey Group Limited                   Galileo Group Limited 
 Scientific Health Limited               Inspecs Holdings Limited 
                                         The Wells Cathedral School 
 Slim Holdings Limited                    Foundation (Trustee) 
 ZYX 321 Limited 
 Specialist Components Ltd 
 APC Technology Group PLC 
 Utilities Infrastructure Provider 
  Limited 
 The Gurkha Welfare Trust (Trustee) 
 UK Trust for Nature Conservation 
  in Nepal (Trustee) 
 North Atlantic PC Holding Inc.

Harwood Capital LLP and certain of its clients are currently interested 24,515,000 Ordinary Shares in Fulcrum. Jeremy is currently a member and partner of Harwood Capital LLP.

Jeremy was previously a director of United Industries Public Limited Company which went into administration on 5 April 2006, some five months after his resignation as a director on 28 October 2005.

Jeremy was previously a director of PNC Telecom PLC from 3 February 2003 to 23 June 2003. The company went into administration on 23 June 2003 and the administration order was discharged (and PNC Telecom PLC resumed business) on 15 June 2004.

Jeremy was a director of Valiant Sports Holdings Limited which was wound up voluntarily by its creditors, with an estimated deficiency to creditors of GBP2.65 million, and was dissolved on 5 September 2014.

Jonathan Charles Deacon Turner, aged 54, is currently or has previously been a director or partner of the following companies or partnerships within the past five years.

 
 Existing directorships / partnerships   Previous directorships / partnerships 
                                          within the past five years 
 
 Gas and Power Limited                   SHS2 Limited (11243074) 
 Jaytee F&B Ltd                          Thrust Energy LLP (OC414429) 
 Diesel 24 Limited                       Philippa Hall Ltd 
 Laudale Estate LLP                      Jaytee Retail Ltd 
 Jaytee Thatched LLP                     The Great Battlebox Company 
                                          Ltd 
 LTD Jaytee (Northallerton) Ltd          Jaytee (Ripon) LLP 
 The Right Fuelcard Company Limited      Jaytee (Rainton) LLP 
 Truckhaven Ltd                          PMD Environmental Limited 
 BE Fuelcards Holdings Limited           Oilfast Limited (SC453328) 
 Decadent Retreats LLP                   The Adventure Box Company for 
                                          Boys Ltd 
 The Jaytee Foundation                   Rose Energy Supply Limited 
 Cundall Manor Limited 
 BE Fuelcards Ltd BE 
 Jaytee (UK) Ltd 
 Countrywide Fuel Cards Limited 
 Bayford & Co. (Developments) 
  Limited 
 Bayford & Co Ltd 
 Thrust Petroleum Limited 
 Countrywide Derv Limited 
 Bowcliffe Hall Limited 
 Bayford Energy Holdco Limited 
 Bayford Energy Bidco Limited 
 Jaytee Fair Lady Ltd 
 Smarter Home Services Limited 
 Orange Disk Limited

Jonathan holds a total beneficial interest in 30,127,525 Ordinary Shares in the Company, of which 18,835,000 are held by Bayford & Co Ltd (an entity controlled by Jonathan), 10,233,475 are held in his own name, 596,198 shares are held by his wife and 462,852 shares are held via his personal pension.

Enquiries:

 
                                                        +44 (0)114 280 
                                                         4102 
Fulcrum Utility Services Limited 
 Daren Harris, Chief Executive Officer 
                                                         +44 (0)20 7397 
 Cenkos Securities plc (Nominated adviser and broker)    8900 
 Max Hartley (Nomad) / Michael Johnson (Sales) 
 
 N+1 Singer (Joint Corporate Broker)                     +44 (0)20 7496 
 Sandy Fraser / Rachel Hayes / Carlo Spingardi           3000 
 
 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.

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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