24 Oct 2013 16:39
Utilitywise plc
("Utilitywise" or the "Company")
Holding in Company
Utilitywise PLC (AIM:UTW), the leading independent utility cost management consultancy, announces that on 23 October 2013 Eric Butterfield and his wife Valerie (the "Vendors") have sold, in aggregate 2,712,500 ordinary shares of 0.1p each in the Company (the "Vendor Shares"), representing approximately 3.8% of the issued share capital of the Company.
The Vendors were issued with the Vendor Shares pursuant to the acquisition of the Energy Information Centre Limited ("EIC"), as announced on 13 June 2013. Following completion of the acquisition of EIC by Utilitywise, Mr Butterfield retired from EIC.
The Company and finnCap released the Vendors from the terms of the lock in arrangements contained within the acquisition agreement relating to the purchase of EIC by the Company in order to satisfy institutional demand. As a result of the transaction Mr Butterfield no longer has a disclosable interest in the Company. The terms of the lock in arrangements entered into by Simon Butterfield, the Managing Director of EIC and a Director of Utilitywise, remain unchanged.
For further information:
Utilitywise PLC | 0870 626 0559 |
Geoff Thompson, CEO Andrew Richardson, CFO | |
finnCap (NOMAD and broker) | 020 7220 0500 |
Matt Goode / Charlotte Stranner / Henrik Persson (Corporate Finance) | |
Simon Johnson (Corporate Broking) | |
Newgate Threadneedle | 020 7653 9850 |
Josh Royston / John Coles / Hilary Millar |
About Utilitywise
Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear with offices in Portsmouth, Redditch, Leicester and Bury St Edmunds. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 67,000 energy meters which have an overall energy consumption of approaching 16 terra watt hours per annum.
Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.