REG - Fulcrum Utility Srvc - Issue of Equity and PDMR Dealing <Origin Href="QuoteRef">FCRM.L</Origin>

Fulcrum Utility ServicesAnnouncement

16/12/2016 14:15

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 
+44 (0)114 280 4150
+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, 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/

This information is provided by RNS
The company news service from the London Stock Exchange
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