SRT MARINE SYSTEMS PLC

Major Shareholding Notification • Dec 21, 2016

National Storage Mechanism | Additional information

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RNS Number : 4518S

Smart Metering Systems PLC

21 December 2016

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, LP
4. Full name of shareholder(s) (if different from 3.):iv		Abdiel Qualified Master Fund, LP holds 4,314,133 of the shares in Smart Metering Systems PLC. Abdiel Capital, LP holds 219,987 of the shares in Smart Metering Systems PLC.
5. Date of the transaction and date on which the threshold is crossed or reached: v		16 December 2016
6. Date on which issuer notified:		20 December 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

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 <3%
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
ORDINARY SHARES ISIN: GB00B4X1RC86				4,349,889							4,534,120				5.07%
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
4,534,120								5.07%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
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:	Abdiel Capital Advisors, LP acts as an investment manager for Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Abdiel Capital Management, LLC is the general partner of Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. Abdiel Qualified Master Fund, LP beneficially holds 4,314,133 of the shares in Smart Metering Systems PLC described above. Abdiel Capital, LP beneficially holds 219,987 of the shares in Smart Metering Systems PLC described above. In each case, these shares are held by JPMorgan Chase Bank London Branch as custodian and nominee.
14. Contact name:	Peter Snedeker
15. Contact telephone number:	+001 646 496 9203

This information is provided by RNS

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