THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THIS DOCUMENT CONTAINS A PROPOSAL WHICH, IF IMPLEMENTED, WILL RESULT IN THE CANCELLATION OF THE TRADING OF ORDINARY SHARES ON THE AIM MARKET OF THE LONDON STOCK EXCHANGE.
If you are in any doubt about the contents of this Document or about what action to take, you should immediately seek your own professional advice from your stockbroker, solicitor, accountant or other appropriately qualified independent financial adviser authorised under FSMA if you are taking advice in the United Kingdom or, if you are resident in another jurisdiction, from another appropriately authorised independent financial adviser. All Shareholders are advised to consult their professional advisers regarding their own tax position.
If you sell or have sold or otherwise transferred all of your Ordinary Shares, before
11.30 a.m. on 25 September 2023 please send this Document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee. However, no such documents should be forwarded or transmitted in or into any Restricted Jurisdiction. If you sell or have sold or otherwise transferred only part of your holding of Ordinary Shares, you should retain this Circular and immediately consult the stockbroker, bank or other agent through whom the sale or transfer was effected.
This Document contains no offer of transferable securities to the public within the meaning of section 102B of the FSMA, the Companies Act 2006 or otherwise. Accordingly, this Document does not constitute a prospectus within the meaning of section 85 of FSMA and has not been (and is not required to be) drawn up in accordance with the Prospectus Rules or approved by the UK Financial Conduct Authority or any other competent authority.
Fulcrum Utility Services Limited
Incorporated in the Cayman Islands with registered number 234240
Proposals for:
Cancellation of admission of Ordinary Shares to trading on AIM
Adoption of amended and restated
memorandum and articles of association
and
Notice of General Meeting
Your attention is drawn to the letter from the chair of the Company which is set out in Part I of this Circular. The letter contains a recommendation that you vote in favour of all the resolutions to be proposed at the General Meeting referred to below.
Unless otherwise determined by the Company and permitted by applicable law and regulation, neither this Circular or any related document is being, or may be, directly or indirectly, mailed, transmitted or otherwise forwarded, distributed, or sent in, into or from any Restricted Jurisdiction, and persons receiving this Circular or any related document (including, without limitation, trustees, nominees or custodians) must not mail or otherwise forward, distribute or send it in, into or from such Restricted Jurisdiction. Any person (including, without limitation, trustees, nominees or custodians) who would or otherwise intends to, or who may have a contractual or legal obligation to, forward this Circular together with any related document to any jurisdiction outside the United Kingdom, should seek appropriate advice before taking any action.
Please read the whole of this Document. A summary of the action to be taken by Shareholders is set out at paragraph 9 of Part I of this Circular and in the accompanying Notice of General Meeting.
This Document contains a number of forward-looking statements relating to the Company. The Company considers any statements that are not historical facts as "forward-looking statements". They relate to events and trends that are subject to risks and uncertainties that could cause the actual results and financial position of the Company to differ materially from the information as presented in the
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relevant forward-looking statement. When used in this document the words "estimate", "project", "intend", "aim", "anticipate", "believe", "expect", "should", and similar expressions, as they relate to the Company or the management of it, are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on these forward- looking statements which speak only as at the date of this document. The Company does not undertake any obligation publicly to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, save in respect of any requirement under applicable laws, the AIM Rules and other regulations.
This Document is dated 21 August 2023.
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CONTENTS
Page
PART I | 6 |
LETTER FROM THE CHAIR OF FULCRUM UTILITY SERVICES LIMITED | 6 |
PART II | 12 |
EFFECT OF THE AMENDED ARTICLES | 12 |
PART III | 13 |
NOTICE OF GENERAL MEETING | 13 |
PART IV DEFINITIONS | 17 |
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EXPECTED TIMETABLE OF PRINCIPAL EVENTS1
Announcement of the proposed Cancellation pursuant to AIM Rule 41 | 21 | August 2023 |
Posting of this Circular to Shareholders | 21 | August 2023 |
Time and date of General Meeting | 11.30 a.m. on 26 | |
September 2023 | ||
Anticipated date to announce results of the General Meeting | 26 | September 2023 |
Last day of dealings in the Ordinary Shares on AIM | 3 October 2023 | |
Cancellation of admission of the Ordinary Shares to trading on AIM | 7.00 a.m. 4 October 2023 | |
Matched Bargain Facility for Ordinary Shares commences | 4 October 2023 |
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1 All times are references to London times. Each of the above times and dates is based on the Company's expectations as at the date of this Circular. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service
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DIRECTORS AND ADVISERS | |
Directors | Jennifer Babington (Chair and Independent Non- Executive Director) |
Dominic Lavelle (Senior Independent Non-Executive Director) | |
Jonathan Turner (Non-Executive Director) | |
Jeremy Brade (Non-Executive Director) | |
Registered office | Ugland House |
PO Box 309 | |
Grand Cayman | |
KY1-1104 | |
Cayman Islands | |
UK establishment address 2 Europa View | |
Sheffield Business Park | |
Sheffield | |
S9 1XH | |
Nominated Adviser | Cenkos Securities PLC |
and Broker | 6.7.8 Tokenhouse Yard |
London | |
EC2R 7AS | |
Legal advisers to | Shoosmiths LLP |
the Company | |
1 Bow Churchyard | |
London | |
EC4M9DQ | |
Auditors | Cooper Parry Group Limited |
Sky View | |
Argosy Road | |
East Midlands Airport | |
Castle Donington | |
Derby | |
DE74 2SA | |
Registrar | Link Group |
Central Square |
29 Wellington Street
Leeds
LS1 4DL
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Fulcrum Utility Services Limited published this content on 21 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2023 07:18:02 UTC.