Inactive Instrument

Fulcrum Utility Services Limited

FCRM

KYG368851047

Fulcrum Utility Services completes 7th tranche of asset sale

June 01, 2023 at 12:28 pm EDT

Fulcrum Utility Services Ltd - Cayman Islands-based provider of energy connections and related utility infrastructure - Completes tranche seven of the domestic gas asset transfer to ES Pipelines Ltd for GBP2.2 million. The total gross consideration receivable is expected to be GBP49 million, with GBP36 million having been already received. The arrangement with ES Pipelines includes further milestone targets which, if achieved, would trigger additional enhanced payments of up to GBP3 million over the remaining term of the contract, Fulcrum adds.

Current stock price: 0.85 pence

12-month change: down 87%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Fulcrum Utility Services Limited

Fulcrum Utility shareholders back de-listing proposals	23-09-26	AN
FTSE 100 Closes Lower Erasing Oil-Price Gains	23-08-21	DJ
FTSE 100 tips into red as housebuilders struggle	23-08-21	AN
FTSE 100 Edges Higher, Supported By Rising Oil Prices	23-08-21	DJ
Crest Nicholson warning hits housing shares	23-08-21	AN
Fulcrum Utility to de-list from AIM, annual loss widens	23-08-21	AN
AIM WINNERS & LOSERS: Fulcrum Utility to leave AIM as loss widens	23-08-21	AN
Crest Nicholson's Profit Warning Weighs on Sector	23-08-21	DJ
Fulcrum Utility shares crash on widened annual loss	23-08-21	AN
Fulcrum Utility Services Proposes Delisting from London Bourse	23-08-21	MT
London Stocks Seen Opening Flat	23-08-21	DJ
Earnings Flash (FCRM.L) FULCRUM UTILITY SERVICES Posts FY23 Revenue GBP50.6M	23-08-21	MT
Earnings Flash (FCRM.L) FULCRUM UTILITY SERVICES Posts FY23 Loss GBX-6.30	23-08-21	MT
Fulcrum Utility Services Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-08-21	CI
Fulcrum Utility Services completes 7th tranche of asset sale	23-06-01	AN
FTSE 100 Closes Up 1.03% in Third Week of Gains	23-04-06	DJ
Fulcrum Utility trading in line, plans to exit smart metering market	23-04-06	AN
WPP Gains on Talk of FGS Global Stake Sale	23-04-06	DJ
Gilt Yields Could Fall as Impact of BOE Rate Rises Emerge	23-04-06	DJ
FTSE 100 Rises as TUI, Miners Gain	23-04-06	DJ
UK Property Market Appears to Be Steadying, Data Says	23-04-06	DJ
FTSE 100 Seen Little Changed as Asian Markets Fall	23-04-06	DJ
Fulcrum Utility Services Limited Announces Promotion of Katie Yates as Head of Compliance	23-03-15	CI
Fulcrum Utility Says Unaware of Reason as Stock Price Doubles	23-01-26	MT
The FTSE 100 Closed Down 0.1% Despite the UK's Fall in Inflation in November	22-12-14	DJ

Chart Fulcrum Utility Services Limited

Duration

Period

More charts

Company Profile

Fulcrum Utility Services Limited is an independent provider of essential utility services, including multi-utility connections and renewable energy infrastructure. The Company operates through two segments, Infrastructure and Utility assets. Its Infrastructure segment provides utility infrastructure and connections services. Its Utility assets segment comprises of both the ownership of gas, electrical and meter assets and the conveyance of gas and electricity through its transportation networks. The Gas transportation services are provided under the iGT license granted from Ofgem and the electricity services are provided under the iDNO license granted from Ofgem. It provides services across a range of sectors, including housing; industrial and commercial (I&C), including electric vehicle (EV) and HV connections, and maintenance and ownership. It provides its utility services, such as maintenance for electrical systems and renewable energy generating infrastructure and design.

Sector

Natural Gas Utilities

Calendar

2024-06-03 - Q4 2024 Earnings Release (Projected)

More about the company

Sector Other Natural Gas Utilities

	1st Jan change	Capi.
ATMOS ENERGY CORPORATION	+0.89%	17.64B
GAIL INDIA LIMITED	+28.35%	16.4B
ADANI TOTAL GAS LIMITED	-6.96%	12.12B
TOKYO GAS CO., LTD.	+10.84%	9.16B
OSAKA GAS COMPANY., LTD.	+16.20%	8.89B
PETRONAS GAS	+3.56%	7.48B
APA GROUP	-2.58%	6.96B
ALTAGAS LTD.	+8.30%	6.51B
NATIONAL FUEL GAS COMPANY	+7.30%	4.96B

Other Natural Gas Utilities