Smart Metering Systems PLC SMS Plc Issue of Equity (5584M)
07 Mai 2015 - 6:37PM
UK Regulatory
TIDMSMS
RNS Number : 5584M
Smart Metering Systems PLC
07 May 2015
Smart Metering Systems plc
("SMS" or "the Company")
Issue of Equity
Smart Metering Systems plc (AIM: SMS.L), the integrated metering
services company that connects, owns, operates and maintains
current generation and new advanced metering assets and databases,
confirms that it has issued a total of 261,872 ordinary shares of
1p each ("New Ordinary Shares") pursuant to the exercise of
employee share options under the Approved and Unapproved Company
Share Option Plan. A total of 84,897 New Ordinary Shares have been
admitted to trading on AIM under the block listing facility
announced on 6 August 2014 and application has been made for the
remaining 176,975 New Ordinary Shares to be admitted to trading on
AIM with effect from 13 May 2015.
Following the issue of the New Ordinary Shares, the Company has
86,037,324 Ordinary Shares in issue. SMS does not currently hold
any shares in treasury. Accordingly, this figure of 86,037,324
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information:
Smart Metering Systems
plc
Alan Foy, Chief Executive
Officer
Glen Murray, Finance Director 0141 249 3850
Cenkos Securities
Neil McDonald 0131 220 6939 / 0207 397
Nick Tulloch 8900
Kreab
Natalie Biasin
Matthew Jervois 020 7074 1800
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.
Following its listing, the Company 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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