Smart Metering Systems PLC Director/PDMR Shareholding (7286D)
July 08 2016 - 11:19AM
UK Regulatory
TIDMSMS
RNS Number : 7286D
Smart Metering Systems PLC
08 July 2016
8(th) July 2016
Smart Metering Systems plc
("SMS" or "the Company")
Director / PDMR Shareholding
Smart Metering Systems plc (AIM: SMS.L) confirms that it has
today been informed of the following dealings in the ordinary
shares in the Company ("Ordinary Shares"), all of which took place
on 8 July 2016.
Glen Murray, Chief Financial Officer of SMS, exercised options
held under the Company's Unapproved Share Option Scheme to acquire
new 500,000 Ordinary Shares (the "New Ordinary Shares") at a price
of 60 pence per Ordinary Share and subsequently sold 500,000
Ordinary Shares at 405 pence per Ordinary Share. Following these
transactions Mr Murray has no interest in any Ordinary Shares.
The New Ordinary Shares have been admitted to trading on AIM
under the block listing facility announced on 27 May 2015.
In addition, Rhys Wynn, Chief Operating Officer of SMS, sold
500,000 Ordinary Shares at a price of 405 pence per Ordinary Share.
Following this disposal Mr Wynn is now interested in a total of
417,508 Ordinary Shares, representing 0.47 per cent. of the issued
share capital of the Company.
Following the issue of the New Ordinary Shares, the Company has
89,201,326 Ordinary Shares in issue. SMS does not currently hold
any shares in treasury. Accordingly, this figure of 89,201,326
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information:
Smart Metering Systems
plc
Alan Foy, Chief Executive
Officer
Glen Murray, Chief Financial
Officer 0141 249 3850
Cenkos Securities
Neil McDonald
Nick Tulloch 0131 220 6939 / 0207 397
Beth McKiernan 8900
Kreab
Matthew Jervois
Daniel Holgersson 020 7074 1800
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc, headquartered
in Glasgow, and also based in Livingston, Cardiff, Cambridge,
Bolton, Doncaster, Rugby, and Normanton, connects, owns, operates
and maintains metering systems and databases on behalf of major
energy companies.
The Company provides full infrastructure design, installation,
consultancy and project management services for new gas,
electricity, water and telecoms connections for licenced energy and
telecoms suppliers, end consumers and the UK's licensed electricity
Distribution Network Owners (DNO's). The Company's full end to end
energy services and consultancy business support large blue chip
companies in the UK, as well as in Europe through its office in
Milan.
The patented "plug and play" ADM(TM) device is deployed to
approaching 100,000 industrial and commercial meters in the UK,
which then delivers remote meter reading and half-hourly
consumption analysis from installed gas meters with accreditation
secured for potential application to water meters.
The Company was admitted to the AIM market in July 2011 and is
now part of the FTSE AIM 50 index. For more information on SMS
please visit the Company's website: www.sms-plc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFLEDTITIIR
(END) Dow Jones Newswires
July 08, 2016 11:19 ET (15:19 GMT)