Director / PDMR Dealings and Issue of Equity
Updated : 12:45
27 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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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 Cenkos Securities plc (Nominated adviser and broker) Camarco (Financial PR advisers) | +44 (0)114 280 4102
|
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