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Fulcrum Utility Srvc (FCRM)

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Monday 07 September, 2020

Fulcrum Utility Srvc

PCA Dealings

RNS Number : 2190Y
Fulcrum Utility Services Ltd
07 September 2020
 

7 September 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 150,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a purchase price of 32.1 pence per share on 2 September 2020.  In addition, Bayford purchased 125,000 Ordinary Shares at a purchase price of 32 pence per Ordinary Share on 3 September 2020. Furthermore, Karen Turner, wife of Jonathan, purchased 46,456 Ordinary Shares at 32p per share on 2 September 2020.

Following these purchases, the Bayford Group and its connected parties (controlled by Jonathan Turner) are beneficially interested in 30,998,981 Ordinary Shares, representing approximately 13.96 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 / 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

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 financial instrument, type of instrument

Identification code

Ordinary shares of 0.1p each

 

ISIN: KYG368851047

b)

 

Nature of the transaction

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Date of transaction

32.1 pence

32 pence

150,000

125,000

2 September 2020

3 September 2020

 

d)

Aggregated information

- Aggregated volume

- Price

 

275,000 ordinary shares

Weighted average price 32.05p

 

e)

Date of the transaction

2nd and 3rd September 2020

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karen Turner

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 / 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

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 financial instrument, type of instrument

Identification code

Ordinary shares of 0.1p each

 

ISIN: KYG368851047

b)

 

Nature of the transaction

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Date of transaction

32 pence

46,456

2 September 2020

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A - single transaction

32 pence

 

e)

Date of the transaction

2nd September 2020

f)

Place of the transaction

London Stock Exchange

 

Enquiries:

Fulcrum Utility Services Limited

Daren Harris, Chief Executive Officer

Cenkos Securities plc (Nominated adviser and broker)

Max Hartley (Nomad) / Michael Johnson (Sales)

Camarco (Financial PR advisers)

Ginny Pulbrook / Tom Huddart

 

+44 (0)114 280 4102

 

 

+44 (0)20 7397 8900

 

+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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