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Regulatory Story
Company Smart Metering Systems PLC
TIDM SMS
Headline Director/PDMR Shareholding
Released 07:00 26-Mar-2020
Number 6369H

RNS Number : 6369H
Smart Metering Systems PLC
26 March 2020
 

Smart Metering Systems plc

("SMS" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY/PERSONS CLOSELY ASSOCIATED

As required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse, Smart Metering Systems plc (AIM: SMS.L) announces that on 25 March 2020 certain persons closely associated with a Director purchased Ordinary Shares of one penny each ("Ordinary Shares") as follows: -

Name

 

Date of Purchase

Number of shares purchased

Purchase Price

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

25/03/2020

 

Units: 80,645

 

578.2853p

 

 

Following these transactions Alan Foy (together with persons closely associated with him) has an interest in 5,821,253 Ordinary Shares, representing 5.16% of the issued share capital of the Company.

The notification below provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

Details of the person discharging managerial responsibilities/person closely associated

 


a)

Name

 

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

2

Reason for notification

 


a)

Position/Status

 

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

 

Smart Metering Systems plc

b)

LEI

 

213800FGOUFSDPE33S71

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument

Identification code

80,645 ordinary shares of 1 pence

 

AIM: SMS

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

578.2853p

80,645

d)

Aggregated information

-       Aggregated volume

-       Price

80,645 ordinary shares at 578.2853 pence

e)

Date of the transaction

25 March 2020

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

 

 

 

 

 

 

For further information:

 

  Smart Metering Systems plc

0141 249 3850

  Alan Foy, Chief Executive Officer


  Dilip Kejriwal, Head of Investor Relations




  Cenkos Securities plc (Nomad and Joint Broker)

0131 220 6939 / 020 7397 8900

  Neil McDonald / Pete Lynch




  Investec Bank plc (Joint Broker)

020 7597 5970

  Christopher Baird / Henry Reast




  Instinctif Partners

020 7457 2077

  Adrian Duffield / Kay Larsen / Chantal Woolcock


 

Notes to editors

 

SMS plc (www.sms-plc.com) installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management. Established in 1995, SMS provides a full end-to-end service for metering financing, installation, management and maintenance, with a highly skilled workforce and deep engineering expertise.

 

SMS had 3.73 million meter and data assets under management as of 31 December 2019. SMS's smart meter expertise also enables the Company to provide consultancy services that allow organisations and corporates to enhance long term efficiency and effectiveness in the management of energy.

 

SMS's energy management and asset installation services also include infrastructure design, installation, consultancy and project management services for new gas, electricity, water and telecoms connections for licensed energy and telecoms suppliers, end consumers and the UK's licensed electricity Distribution Network Owners (DNOs).

 

SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.

 

SMS plc is headquartered in Glasgow with 12 locations across the UK.

 

SMS's shares are listed on AIM.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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