Issue of Equity and PDMR Dealing

RNS Number : 1140S

Fulcrum Utility Services Ltd

16 December 2016

 

This announcement contains inside information

16 December 2016

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Issue of Equity and PDMR Dealing

The Company announces that, following the exercise of options by certain of its employees and PDMRs, it has allotted a total of 5,873,286 new ordinary shares of 0.1p each ("Ordinary Shares") pursuant to the Company's EMI, ESS and GSS share option plans.

Martin Donnachie, Chief Executive Officer, has exercised options over 3,571,414 Ordinary Shares and subsequently sold 825,000 of these at a price of 48.0p per Ordinary Share in order to pay the associated exercise and tax costs. The exercise price per share was 7.0p. Furthermore, Ian Foster and Kevin Walpole, who are considered to be PDMRs, have undertaken the following transactions today:

Name of PDMR	Ordinary Shares allotted following exercise of options	Share option scheme	Exercise price per share	Ordinary Shares sold	Price per Ordinary Share sold
Ian Foster	1,100,000	EMI	7.00p	500,000 200,000	48.0p 49.0p
Kevin Walpole	680,000	EMI	7.75p	-	-
Kevin Walpole	64,872	ESS	Nil cost	-	-
Kevin Walpole	257,000	GSS	Nil cost	-	-

An application has been made for the 5,873,286 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00am on 19 December 2016 ("Admission"). Following Admission, the Company's issued share capital will consist of 166,563,313 Ordinary Shares. This figure may be used by shareholders in the Company 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 share capital of the Company under the Disclosure Guidance and Transparency Rules.

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Donnachie
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification / amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fulcrum Utility Services Limited
b)	LEI	N/A
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 financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	1.     Exercise of options over ordinary shares 2.     Sale of ordinary shares
c)	Price(s) and volume(s)	1.     Exercise of options Price(s) Volume(s) Exercise price of 7.00p per share 3,571,414 2.     Sale of shares Price(s) Volume(s)  48.0p per share 825,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 December 2016
f)	Place of the transaction	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	PDMR
b)	Initial notification / amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fulcrum Utility Services Limited
b)	LEI	N/A
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 financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	1.     Exercise of options over ordinary shares 2.     Sale of ordinary shares
c)	Price(s) and volume(s)	1.             Exercise of options Price(s) Volume(s) Exercise price of 7.00p per share 1,100,000 2.             Sale of shares Price(s) Volume(s) 49.0p per share 48.0p per share 200,000 500,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	15/16 December 2016
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Walpole
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification / amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fulcrum Utility Services Limited
b)	LEI	N/A
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 financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each ISIN: KYG368851047
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 7.75p per share 680,000 Nil cost 64,872 Nil cost 257,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 December 2016
f)	Place of the transaction	London Stock Exchange

Enquiries:

Fulcrum Utility Services Limited Craig Baugh, Head of Marketing and Communications Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Oliver Baxendale (Sales) Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart

[phone] [phone] [phone]

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, industrial and commercial markets throughout the main land UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiary, Fulcrum Pipelines Limited, Fulcrum is also licensed as an Independent Gas Transporter, owning and operating gas pipelines that connect properties to the main UK gas networks.

http://www.fulcrum.co.uk/

 

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