TIDMFCRM

RNS Number : 6719R

Fulcrum Utility Services Ltd

09 March 2021

9 March 2021

Fulcrum Utility Services Limited

("Fulcrum" or the "Company")

PCA Dealings

The Company announces that Bayford Group, a PCA to Jonathan Turner, Non-Executive Director, purchased 1,400,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 34p per share and a further 250,000 Ordinary Shares at a price of 33.94p per share.

Following these purchases, the Bayford Group and its connected parties (controlled by Jonathan Turner) are beneficially interested in 34,348,981 Ordinary Shares, representing approximately 15.5 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 
                                    34p per share      1,400,000   5 March 2021 
                                                      ----------  ------------- 
                                    33.94p per share   250,000     8 March 2021 
                                                      ----------  ------------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          VWAP of 33.98p 
       - Price 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     5 and 8 March 2021 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ---------------------------------------------- 
 

Enquiries:

Fulcrum Utility Services Limited

Terry Dugdale, Chief Executive Officer +44 (0)114 280 4102

Jenny Cutler, Chief Financial Officer

Cenkos Securities plc (Nominated adviser and broker)

Max Hartley (Nomad) / Michael Johnson (Sales) +44 (0)20 7397 8900

N+1 Singer (Joint Corporate Broker)

Sandy Fraser / Rachel Hayes / Carlo Spingardi +44 (0)20 7496 3000

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider. The Group operates nationally with its head office in Sheffield, UK and its main business is the design, build, ownership and maintenance of energy connections and their related utility infrastructure including the EV charging network. The Group's offering also extends to smart meter ownership and exchange programmes, and the selective ownership and maintenance of utility networks and infrastructure.

https://investors.fulcrum.co.uk/

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END

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