Utilitywise plc Proposed Secondary Placing (0992K)
June 20 2014 - 2:00AM
UK Regulatory
TIDMUTW
RNS Number : 0992K
Utilitywise plc
20 June 2014
Utilitywise Plc
("Utilitywise" or "The Company")
Proposed Secondary Placing
Utilitywise PLC (AIM:UTW), a leading independent utility cost
management consultancy, announces that certain Directors of the
Company, certain employees of the Company and a former Director of
the Company intend today to sell up to 10,350,525 ordinary shares
of 0.1p in the Company (the "Placing Shares" and the "Placing").
The Placing Shares are being sold in part as a result of the
maturing of Utilitywise's 2012 Long Term Incentive Plan.
The completion of the Placing and the resulting Directors
shareholdings will be announced as soon as practicable.
For further information please contact:
Utilitywise plc 0870 626 0559
Geoff Thompson (CEO)
Andrew Richardson (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in South Shields, Tyne and Wear. The Company has
established trading relationships with a number of major UK energy
suppliers and provides services to its customers designed to assist
them in achieving better value out of their energy contracts,
reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from high street shops to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise has over 17,000 customers and manages an
overall energy consumption of approaching 20 terra watt hours per
annum.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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