Smart Metering Systems PLC Block Listing of Ordinary Shares (4626O)
06 August 2014 - 5:39PM
UK Regulatory
TIDMSMS
RNS Number : 4626O
Smart Metering Systems PLC
06 August 2014
Smart Metering Systems plc
Block Listing of Ordinary Shares
("SMS" or the "Company")
6 August 2014
The Company announces that an application has been made to the
London Stock Exchange for a block admission for a total of 745,169
ordinary shares of 1p each ("New Ordinary Shares") to be admitted
to trading on AIM.
New Ordinary Shares will be issued from time to time pursuant to
the exercise of options under the following schemes:
Approved Company Share Option Plan 565,794
Unapproved Company Share Option Plan 179,375
New Ordinary Shares, when issued, will rank pari passu with the
existing ordinary shares of the Company. It is expected that
admission will become effective on 12 August 2014 ("Admission").
Following Admission, there will be no change to the Company's
issued share capital.
For Further Information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Glen Murray, Finance Director
Cenkos Securities plc 0131 220 6939 / 0207 397 8900
Neil McDonald
Beth McKiernan
Kreab Gavin Anderson 020 7074 1800
Chris Philipsborn
Matthew Jervois
Natalie Biasin
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc based in
Glasgow, connects, owns, operates and maintains metering systems
and databases on behalf of major energy companies.
Currently the Company is concentrating its efforts on offering
its unique integrated services to the UK industrial and commercial
gas market in which its customers have an 80% market share.
The Company has further applications for gas with its ADM(TM)
device which allows "smart" functions such as remote reading and
half hourly consumption data to be offered to customers in addition
to the normal metering services.
SMS expanded its services into the electricity market through
the acquisition of Utility Partnership Limited in April 2014. The
Company can now provide a fully integrated service from beginning
to end to cover the installation of a gas / electricity supply /
connection to the procurement, installation and management of a gas
or electricity meter asset to the collection and management of
customer data and ongoing energy management services. Longer term
the company also has additional applications for water and LPG.
The Company was admitted to the AiM market in July 2011 and is
now part of the FTSE AiM 50 index, for more information on SMS
please visit the Company's website: www.sms-plc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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