REG - Fulcrum Utility Srvc - Director / PDMR Dealings and Issue of Equity
RNS Number : 1940CFulcrum Utility Services Ltd27 September 201827 September 2018
Fulcrum Utility Services Limited
("Fulcrum" or the "Company")
Director / PDMR Dealings and Issue of Equity
The Company today announces the following exercises of options over new ordinary shares of 0.1p each ("Ordinary Shares") in Fulcrum by Directors and a person discharging managerial responsibilities ("PDMR"):
Director/PDMR
Ordinary Shares issued pursuant to exercises under ESS 2015 option plan at nil cost
Ordinary Shares issued pursuant to exercises under GSS 2016 option plan at nil cost
Total Ordinary Shares acquired
Martin Harrison (CEO)
2,172,719
2,172,719
Ian Foster (COO)
673,826
750,000
1,423,826
Carly Gilchrist (PDMR)
486,544
486,544
Further to the above exercises, Martin Harrison transferred 3,129,719 Ordinary Shares to his wife Claire Harrison and Ian Foster transferred 1,423,826 Ordinary Shares to his wife Nicola Foster, all for nil consideration.
Following admission of the new Ordinary Shares to trading on AIM ("Admission"):
· Martin Harrison's total beneficial interest in the Company, including his wife's shares, will be 3,337,773 Ordinary Shares;
· Ian Foster's total beneficial interest will be 1,423,826 Ordinary Shares, all of which shall be held by his wife; and
· Carly Gilchrist's total interest will be 705,544 Ordinary Shares.
The Directors and PDMR plan to hold their shares for the foreseeable future.
The Company also announces that it has issued an additional 82,804 Ordinary Shares pursuant to employee exercises of options.
Accordingly, the Company has applied for 4,165,893 new Ordinary Shares to be admitted to trading on AIM on 3 October 2018. Following Admission, the Company will have 220,328,797 Ordinary Shares in issue admitted to trading on AIM.
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
Martin Harrison
2
Reason for the notification
a)
Position/status
CEO
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
1. Exercise of options over ordinary shares of 0.1p each pursuant to ESS 2015 option plan
2. Transfer of ordinary shares to Claire Harrison for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. ESS - Nil cost
2. Nil cost
1. 2,172,719
2. 3,129,719
d)
Aggregated information
- Aggregated volume
- Price
1. N/A - single transaction
2. N/A - single transaction
e)
Date of the transaction
26 September 2018
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ian Foster
2
Reason for the notification
a)
Position/status
COO
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
1. Exercise of options over ordinary shares of 0.1p each pursuant to ESS 2015 option plan
2. Exercise of options over ordinary shares of 0.1p each pursuant to GSS 2016 option plan
3. Transfer of ordinary shares to Nicola Foster for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. ESS - Nil cost
2. GSS - Nil cost
3. Nil cost
1. 673,826
2. 750,000
3. 1,423,826
d)
Aggregated information
- Aggregated volume
- Price
1. N/A - single transaction
2. N/A - single transaction
3. N/A - single transaction
e)
Date of the transaction
26 September 2018
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Carly Gilchrist
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
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
Exercise of options in accordance with ESS 2015 option plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
ESS - Nil cost
485,544
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
26 September 2018
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Claire Harrison
2
Reason for the notification
a)
Position/status
Wife of Martin Harrison, Chief Executive Officer of Fulcrum Utility Services Limited
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
Transfer of ordinary shares from Martin Harrison for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
3,129,719
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
26 September 2018
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicola Foster
2
Reason for the notification
a)
Position/status
Wife of Ian Foster, COO of Fulcrum Utility Services Limited
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
Transfer of ordinary shares from Ian Foster for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
1,423,826
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
26 September 2018
f)
Place of the transaction
Outside of a trading venue
Enquiries:
Fulcrum Utility Services Limited
Hazel Griffiths, Chief Financial OfficerCenkos Securities plc (Nominated adviser and broker)
Max Hartley (Nomad) / Nick Searle (Sales)Camarco (Financial PR advisers)
Ginny Pulbrook / Tom Huddart+44 (0)114 280 4102
+44 (0)20 7397 8900
+44(0)203 757 4992
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