SRT MARINE SYSTEMS PLC

Director's Dealing • May 21, 2020

National Storage Mechanism | Additional information

RNS Number : 6298N

Smart Metering Systems PLC

21 May 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 it has received notification of the following transactions in the ordinary shares in the Company ("Ordinary Shares") involving Directors of the Company.

Name	Date of Purchase	Number of Shares Purchased	Purchase Price (per share)
Graeme Bissett	19/05/2020	3016	662.00p
Jamie Richards	21/05/2020	3909	639.39p

Following this transaction Graeme Bissett has an interest in 8,316 Ordinary Shares, representing  0.007% of the issued share capital of the Company and Jamie Richards has an interest in 3,909 Ordinary Shares representing 0.003% 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

Graeme Bissett

2

Reason for notification

a)

Position/Status

Director

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

3016 ordinary shares of 1 pence

SMS

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
662.00 p	3016

d)

Aggregated information

-      Aggregated volume

-      Price

3016 ordinary shares at 662.00 pence

e)

Date of the transaction

19 May 2020

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jamie Richards

2

Reason for notification

a)

Position/Status

Director

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

3909 ordinary shares of 1 pence

SMS

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
639.39 p	3909

d)

Aggregated information

-      Aggregated volume

-      Price

3909 ordinary shares at 639.39 pence

e)

Date of the transaction

21 May 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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