TIDMSMS

RNS Number : 0281Q

Smart Metering Systems PLC

12 June 2015

12 June 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)                                  LIONTRUST INVESTMENT PARTNERS 
  subject to the                                                          LLP 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------- 
 4. Full name of shareholder(s)                                          N/A 
  (if different from 3.):(iv) 
---------------------------------------------------------  ------------------------------- 
 5. Date of the transaction                                           10/06/2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------- 
 6. Date on which issuer                                              11/06/2015 
  notified: 
---------------------------------------------------------  ------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                     11 % 
---------------------------------------------------------  ------------------------------- 
 
 
 
 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) 
--------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
 
                                                                                                11.1217 
  GB00B4X1RC86   9,458,835        9,458,835        9,568,835      9,568,835         N/A            %           N/A 
                ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 
 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. 
------------------  -------------  ------------------------------  ----------------------------  --------------------- 
        N/A              N/A                     N/A                            N/A                       N/A 
------------------  -------------  ------------------------------  ----------------------------  --------------------- 
 
 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) 
----------------  -------------  -------------  ---------------  ----------------------------  ----------------------- 
       N/A             N/A            N/A             N/A                     N/A               Nominal       Delta 
----------------  -------------  -------------  ---------------  ----------------------------  ------------  --------- 
                                                                                                    N/A         N/A 
--------------      -----------    -----------      -----------    ----------  ------------    ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
                     9,568,835                                                   11.1217 % 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------- 
 
                                   N/A 
 
 Proxy Voting: 
----------------------------------------------------------------------- 
 10. Name of the proxy holder:                                 N/A 
-------------------------------------------------------  -------------- 
 11. Number of voting rights proxy                             N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  -------------- 
 12. Date on which proxy holder will                           N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  -------------- 
 
 
  13. Additional information: 
-------------------------------------------------------  -------------- 
 14. Contact name:                                          Jarek Rys 
-------------------------------------------------------  -------------- 
 15. Contact telephone number:                            020 7412 1732 
-------------------------------------------------------  -------------- 
 
 

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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