TIDMSMS

RNS Number : 2639L

Smart Metering Systems PLC

08 August 2013

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying            Smart Metering Systems Plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
--------------------------------------------------  ---------------------------------- 
 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                      Abdiel Capital Management, LLC 
  to the                                                  Abdiel Capital Advisors, LLC 
  notification obligation: (iii)                                           Colin Moran 
------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                     Abdiel Capital, LP 
  (if different from 3.):(iv)                         Abdiel Qualified Master Fund, LP 
------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                                     2 August 2013 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                                       7 August 2013 
------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed                                          Below 3% 
  or 
  reached: (vi, vii) 
------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type   Situation previous                     Resulting situation after the triggering 
 of            to the triggering                      transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  -------------------------------------  -------------------------------------------------------------------- 
              Number            Number               Number       Number of voting         % of voting rights 
               of                of                   of shares    rights                   (x) 
               Shares            Voting 
                                 Rights 
-----------  ----------------  -------------------  -----------  -----------------------  ------------------------------ 
                                                     Direct       Direct       Indirect    Direct          Indirect 
                                                                   (xi)         (xii) 
-----------    -----  -------  ------  -----  ----  -----------  -----------  ----------  --------------  -------------- 
 
 Ordinary 
 shares       2,463,536         2,463,536                                      2,513,536                   3.016% 
-----------  ----------------  -------------------  -----------  -----------  ----------  --------------  -------------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of financial     Expiration       Exercise/                      Number of voting              % of voting 
  instrument            date (xiii)      Conversion Period              rights that may               rights 
                                         (xiv)                          be 
                                                                        acquired if the 
                                                                        instrument is 
                                                                        exercised/ converted. 
--------------------  ---------------  -----------------------------  ----------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of        Exercise        Expiration     Exercise/      Number of voting                 % of voting rights 
 financial       price           date (xvii)    Conversion     rights instrument                (xix, xx) 
 instrument                                     period         refers to 
                                                (xviii) 
-------------  --------------  -------------  -------------  -------------------------------  -------------------------- 
                                                                                               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: 
----------------------------------------  --------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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