Utilitywise plc Holding in Company (3580R)
25 October 2013 - 2:39AM
UK Regulatory
TIDMUTW
RNS Number : 3580R
Utilitywise plc
24 October 2013
Utilitywise plc
("Utilitywise" or the "Company")
Holding in Company
Utilitywise PLC (AIM:UTW), the leading independent utility cost
management consultancy, announces that on 23 October 2013 Eric
Butterfield and his wife Valerie (the "Vendors") have sold, in
aggregate 2,712,500 ordinary shares of 0.1p each in the Company
(the "Vendor Shares"), representing approximately 3.8% of the
issued share capital of the Company.
The Vendors were issued with the Vendor Shares pursuant to the
acquisition of the Energy Information Centre Limited ("EIC"), as
announced on 13 June 2013. Following completion of the acquisition
of EIC by Utilitywise, Mr Butterfield retired from EIC.
The Company and finnCap released the Vendors from the terms of
the lock in arrangements contained within the acquisition agreement
relating to the purchase of EIC by the Company in order to satisfy
institutional demand. As a result of the transaction Mr Butterfield
no longer has a disclosable interest in the Company. The terms of
the lock in arrangements entered into by Simon Butterfield, the
Managing Director of EIC and a Director of Utilitywise, remain
unchanged.
For further information:
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 with offices in
Portsmouth, Redditch, Leicester and Bury St Edmunds. 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 single site SME's to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise manages over 67,000 energy meters which
have an overall energy consumption of approaching 16 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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