7 January 2022
Fulcrum Utility Services Limited
(“Fulcrum” or the “Company”)
Results of Open Offer and Result of General Meeting
On 15 December 2021, Fulcrum announced it had raised gross proceeds of £20.05 million by way of a conditional Placing and subsequently launched an Open Offer to raise additional gross proceeds of up to approximately £6.0 million.
The Company is pleased to announce that at its General Meeting held today all of the resolutions, as set out in the Notice of General Meeting contained in the Circular dated 17 December 2021, were duly passed. Details of the voting results will be available to view on the Company's website shortly.
The Company also announces the results of the Open Offer, which closed for acceptances at 11:00 a.m. on 6 January 2022. Valid acceptances have been received in respect of 10,112,180 Open Offer Shares. In accordance with the terms and conditions of the Open Offer all applications made pursuant to the Open Offer (other than Excess Open Offer Shares applied for under the Excess Application Facility) have been met in full. The Company has therefore raised gross proceeds of approximately £1.2 million through the Open Offer.
Application has been made for a total of 177,195,513 new Ordinary Shares, to be issued pursuant to the Placing and Open Offer to be admitted to trading on AIM. It is expected that Admission and dealings in the 177,195,513 new Ordinary Shares will commence at 8.00 a.m. on 10 January 2022. Following Admission, the Enlarged Share Capital of the Company will consist of 399,313,458 Ordinary Shares. Therefore, the total number of voting rights in the Company is 399,313,458 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company, or there is a change to their interest in the Company.