TIDMSMS

RNS Number : 2266K

Smart Metering Systems PLC

12 July 2011

 
                      For Immediate Release 12 July 2011 
------------------------------------------------------------------------------ 
 TR-1: Notification of Major Interest in Shares 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the 
 underlying issuer of existing shares to 
 which voting rights are attached:           SMART METERING SYSTEMS PLC 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                             YES 
---------------------------------------------------------------------  ------- 
 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:             ODEY ASSET MANAGEMENT LLP 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                             4 July 2011 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:     11 July 2011 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                             6% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type 
  of 
  shares 
  if possible      Situation previous 
  using             to the triggering                     Resulting situation after the triggering 
  the ISIN CODE     transaction                            transaction 
----------------  -------------------------------------  ---------------------------------------------------------------- 
                                   Number 
                   Number           of 
                    of              Voting                Number of   Number of voting 
                    Shares          Rights                shares       rights                  % of voting rights 
----------------  --------------  ---------------------  ----------  -----------------------  --------------------------- 
                                                          Direct      Direct        Indirect   Direct         Indirect 
----------------   -----  ------  -------  ------  ----  ----------  ------------  ---------  -------------  ------------ 
 Ordinary Shares                                          5,500,000   5,500,000                6.60% 
                                                         ----------  ------------  ---------  -------------  ------------ 
 (GB00B4X1RC86) 
-------------------------------------------------------  ----------  ---  -------  ---------      ---  ----   ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
                                                                           Number of voting 
                                                                            rights that may 
                                                                            be 
                                                                            acquired if the 
 Type of financial         Expiration       Exercise/                       instrument is               % of voting 
  instrument                date             Conversion Period              exercised/ converted         rights 
------------------------  ---------------  -----------------------------  ---------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of                                            Exercise/         Number of voting 
 financial          Exercise       Expiration        Conversion        rights instrument 
 instrument          price          date             period            refers to                   % of voting rights 
-----------------  -------------  ---------------  ----------------  ---------------------------  ----------------------- 
                                                                                                   Nominal     Delta 
-----------------  -------------  ---------------  ----------------  ---------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                              Percentage of voting rights 
-------------------------------------------------------------------  ---------------------------------------------------- 
 Ordinary Shares + CFD                                                6.60% 
-------------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------ 
 Odey European Inc. holding is 6.60% 
 
 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:                       FERGUS LEE 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number:           020 7208 1413 
--------------------------------------  --------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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