FULCRUM UTILITY SERVICES LIMITED
(“Fulcrum” or the “Company”)
Response to Unsolicited Proposed Tender Offer by Harwood Capital LLP
Fulcrum Utility Services Limited, the UK's market leading independent multi-utility infrastructure and services provider notes the unsolicited approach and announcement by Harwood Capital LLP of its intention to make a tender offer for up to 53,500,000 ordinary shares in Fulcrum at a price of 26.25 pence per share and to propose a resolution to seek a delisting of Fulcrum from trading on AIM (the ” Tender Offer”).
The Board views this as an opportunistic manoeuvre by Harwood against the backdrop of stock market uncertainty and share price volatility as a result of the ongoing COVID-19 pandemic.
The Board's detailed response will be announced in due course and, in the meantime, the Board unanimously recommend shareholders to take no action and not to sell their Fulcrum shares.