SRT MARINE SYSTEMS PLC

Major Shareholding Notification • Aug 8, 2013

National Storage Mechanism | Additional information

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RNS Number : 2639L

Smart Metering Systems PLC

08 August 2013

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Smart Metering Systems Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Abdiel Capital Management, LLC Abdiel Capital Advisors, LLC Colin Moran
4. Full name of shareholder(s) (if different from 3.):iv		Abdiel Capital, LP Abdiel Qualified Master Fund, LP
5. Date of the transaction and date on which the threshold is crossed or reached: v		2 August 2013
6. Date on which issuer notified:		7 August 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 3%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
	2,463,536			2,463,536							2,513,536				3.016%
Ordinary shares
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii		Number of voting rights instrument refers to					% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
2,513,536								3.016%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Abdiel Capital LP and Abdiel Qualified Master Fund LP (as listed in Section 4 of this form) directly hold 0.268% and 2.748% in Smart Metering Systems Plc, respectively. The General Partner to each of these funds is Abdiel Capital management, LLC. The General Partner has appointed Abdiel Capital Advisors, LLC as the investment manager of the funds. Colin Moran is the controller of Abdiel Capital Advisors, LLC. Accordingly, Abdiel Capital Management, LLC, Abdiel Capital Advisors, LLC and Colin Moran are each deemed to indirectly hold 3.016% in the voting rights of Smart Metering Systems Plc (this form is submitted on behalf of these entities/person listed).
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:
15. Contact telephone number:

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