SRT MARINE SYSTEMS PLC

Director's Dealing • Apr 24, 2020

National Storage Mechanism | Additional information

RNS Number : 7208K

Smart Metering Systems PLC

24 April 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 a Director of the Company and certain persons closely associated with them.

Name	Date of Transaction	Transaction	Number of shares	Price
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.	23/04/2020	Purchase	Units: 83,333	604.7986p
Alan Foy, a Director and shareholder of the Company has transferred shares to 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.	27/03/2020	Transfer (sale by Director and purchase by an entity closely associated with that Director)	Units: 400,000	629.9837p

Following these transactions Alan Foy (together with persons closely associated with him) has an interest in 5,904,586 Ordinary Shares, representing 5.23% 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

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

83,333 ordinary shares of 1 pence

AIM: SMS

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
604.7986p	83,333

d)

Aggregated information

-       Aggregated volume

-       Price

83,333 ordinary shares at  604.7986pence

e)

Date of the transaction

23/04/2020

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

(a)  Alan Foy (as seller);

(b)  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 (as purchaser).

2

Reason for notification

a)

Position/Status

(a)  Alan Foy, Director

(b)  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

400,000 ordinary shares of 1 pence

AIM: SMS

b)

Nature of the transaction

Sale by a Director of shares to an entity declared as closely associated with that Director

c)

Price(s) and volume(s)

Price(s)	Volume(s)
629.9837p	400,000

d)

Aggregated information

-       Aggregated volume

-       Price

400,000 ordinary shares at 629.9837pence

e)

Date of the transaction

27/04/2020

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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