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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 £2.2 million. The total gross consideration receivable is expected to be £49 million, with £36 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 £3 million over the remaining term of the contract, Fulcrum adds. Current stock price: 0.85 pence 12-month change: down 87% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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