Director's Dealing • Mar 19, 2020
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 7159G
Smart Metering Systems PLC
19 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 17 and 18 March 2020 certain Directors and persons closely associated with them purchased Ordinary Shares of one penny each ("Ordinary Shares") as follows:-
| Name | Date of Purchase | Number of shares purchased | Purchase Price |
| Miriam Greenwood | 1. 18/03/2020 2. 18/03/2020 |
1. 6 2. 3,281 |
1. 609.8p 2. 609.12 |
| 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. | 1. 17/03/2020 2. 18/03/2020 |
1. 360,000 2. 48,615 |
1. 606.63p 2. 615.28p |
Following these transactions Miriam Greenwood has an interest in 19,948 Ordinary Shares, representing 0.018% of the issued share capital of the Company and Alan Foy (together with persons closely associated with him) has an interest in 5,740,608 Ordinary Shares, representing 5.09% 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
Miriam Greenwood
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
1. 6 ordinary shares of 1 pence
2. 3,281 ordinary shares of 1 pence
SMS
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 609.8 p | 6 |
| 609.12 p | 3281 |
d)
Aggregated information
- Aggregated volume
- Price
1. 6 ordinary shares at 609.8 pence
2. 3281 ordinary shares at 609.12 pence
e)
Date of the transaction
18 March 2020
f)
Place of the transaction
London Stock Exchange, AIM
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
1. 360,000 ordinary shares of 1 pence
2. 48,615 ordinary shares of 1 pence
SMS
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 606.63 p | 360000 |
| 615.28p | 48615 |
d)
Aggregated information
- Aggregated volume
- Price
1. 360,000 ordinary shares at 606.63 pence
2. 48,615 ordinary shares of 615.28 pence
e)
Date of the transaction
1. 17 March 2020
2. 18 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 [email protected] or visit www.rns.com.
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