Smart Metering Systems PLC TR-1: Notification of Major Interest in Shares (2788T)
16 Juli 2015 - 3:17PM
UK Regulatory
TIDMSMS
RNS Number : 2788T
Smart Metering Systems PLC
16 July 2015
16 July 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) SFM UK Management LLP
subject to the
notification obligation:
(iii)
--------------------------------------------------------- ------------------------
4. Full name of shareholder(s) Quantum Partners LP
(if different from 3.):(iv)
--------------------------------------------------------- ------------------------
5. Date of the transaction 15/07/2015
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- ------------------------
6. Date on which issuer 16/07/2015
notified:
--------------------------------------------------------- ------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 3%
--------------------------------------------------------- ------------------------
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)
-------------- ----------- ----------- ------------- ------------ ------------ ------------ -----------
2.90
GB00B4X1RC86 2,500,000 2,500,000 2,500,000 2,500,000 0 % 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 155,000 Nominal Delta
---------------- ------------- ------------- --------------- ---------------------------- ------------ ---------
0.18% N/A
-------------- ----------- ----------- ----------- ---------- ------------ ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------- ------------------------------------------------------------------
2,655,000 3.08 %
-------------------------------------------------- ------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------
The statement relates to common shares and a Contract
for Difference ("CFD") held for the account of Quantum
Partners LP, a Cayman Islands exempted limited partnership
("Quantum Partners"). SFM UK Management LLP, a sub-advisor
to Soros Fund Management LLC, serves as investment manager
to Quantum Partners and has been granted investment
discretion over portfolio investments, including the
common shares and the CFD, held for the account of Quantum
Partners.
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: Jade Cornell
Compliance Officer
-------------------------------------------------------- --------------------
15. Contact telephone number: 020 7758 4826
-------------------------------------------------------- --------------------
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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