Sign In
31 Jul 2017 15:19
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
31 July 2017
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or the "Company")
Director Dealings
On 11 May 2017 the Company announced that Martin Donnachie, Chief Executive Officer of the Company, had notified the Board of his intention to stand down from the role on 31 July 2017 and that Martin Harrison, the Chief Financial Officer, will succeed Martin Donnachie as Chief Executive Officer with effect from 1 August 2017.
The Company has been informed that, in order to benefit from entrepreneurs tax relief available to Mr. Donnachie whilst he remains in the Company's employment, he has today sold 1,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 53.00p per share. Following this transaction, Mr Donnachie remains interested in 7,695,421 Ordinary Shares, which includes those held by his spouse.
Furthermore, the Company has been informed by Stephen Gutteridge, non-executive Director, that on 28 July 2017 he sold 35,000 Ordinary Shares at a price of 53.25p per share. Following this sale Mr. Gutteridge, and persons closely associated with Mr Gutteridge, remain interested in 214,166 Ordinary Shares.
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 | Sale of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| ||||
e) | Date of the transaction | 31 July 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Stephen Gutteridge | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
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
| Sale of ordinary shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A
| ||||
e) | Date of the transaction | 28 July 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Enquiries:
Fulcrum Utility Services Limited Craig Baugh, Head of Marketing and Customer Engagement
Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Alex Aylen (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, commercial and industrial 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, and a meter asset manager.
http://www.fulcrum.co.uk/
Follow the stocks
