Smart Metering Systems PLC Notification of Major Interest in Shares (8880F)
25 Februar 2015 - 5:35PM
UK Regulatory
TIDMSMS
RNS Number : 8880F
Smart Metering Systems PLC
25 February 2015
25 February 2015
Smart Metering Systems plc
("SMS" or "the Company")
Notification of Major Interest in Shares
Smart Metering Systems plc (AIM: SMS.L) announces as
follows:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------
1. Identity of the issuer or SMART METERING SYSTEMS
the underlying issuer PLC
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 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) Abdiel Capital Management,
subject to the LLC
notification obligation: Abdiel Capital Advisors, LP
(iii)
--------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) Abdiel Qualified Master Fund,
(if different from 3.):(iv) LP holds 3,228,632 of the
shares in Smart Metering Systems
PLC.
Abdiel Capital, LP holds 198,487
of the shares in Smart Metering
Systems PLC.
--------------------------------------------------------- -----------------------------------
5. Date of the transaction 23(rd) February 2015
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- -----------------------------------
6. Date on which issuer 25(th) February 2015
notified:
--------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 4%
--------------------------------------------------------- -----------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
-------------- ---------------------------------- ------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
-------------- ---------------- ---------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
GB00B4X1RC86 2,513,536 3,427,119 4.01%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may 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
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- -------------- -------------- ---------------- ------------------------- -----------------------
Nominal Delta
---------------- -------------- -------------- ---------------- ------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------- ----------------------------------------------------------------
3,427,119 4.01%
---------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------------
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: Abdiel Capital Advisors,
LP acts as an investment
manager for Abdiel Qualified
Master Fund, LP and Abdiel
Capital, LP. Abdiel Capital
Management, LLC is the general
partner of Abdiel Qualified
Master Fund, LP and Abdiel
Capital, LP.
Abdiel Qualified Master Fund,
LP beneficially holds 3,228,632
of the shares in Smart Metering
Systems PLC described above.
Abdiel Capital, LP beneficially
holds 198,487 of the shares
in Smart Metering Systems
PLC described above.
In each case, these shares
are held by J.P. Morgan Clearing
Corp as custodian and nominee.
------------------------------------------------------------- ----------------------------------
14. Contact name: Peter Snedeker
------------------------------------------------------------- ----------------------------------
15. Contact telephone number: +001 646 496 9203
------------------------------------------------------------- ----------------------------------
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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