TIDMFCRM

RNS Number : 3003B

Fulcrum Utility Services Ltd

07 October 2020

7 October 2020

Fulcrum Utility Services Limited

("Fulcrum" or the "Company")

PCA Dealings

The Company announces that the Bayford Group, a PCA to Jonathan Turner, Non-Executive Director, purchased 1,075,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 37.5p per share on 2 October 2020.

Following this purchase, the Bayford Group and its connected parties (controlled by Jonathan Turner) are beneficially interested in 32,423,981 Ordinary Shares, representing approximately 14.6 per cent. of the Company's issued share capital.

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                        Bayford Group 
     --------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status             a Person Closely Associated (PCA) with 
                                   Jonathan Turner, Non-Executive Director 
                                   of the Company 
     --------------------------  ----------------------------------------------- 
 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   Purchase of ordinary shares 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s)   Date of transaction 
                                     37.5 pence  1,075,000   2 October 2020 
                                                 ---------  -------------------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                     N/A 
       - Price 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     2 October 2020 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  -----------------------------------------------

Enquiries:

 
                                                        +44 (0)114 280 
                                                         4102 
Fulcrum Utility Services Limited 
 Daren Harris, Chief Executive Officer 
 Cenkos Securities plc (Nominated adviser and broker)    +44 (0)20 7397 
 Max Hartley (Nomad) / Michael Johnson (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.

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END

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October 07, 2020 02:00 ET (06:00 GMT)

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