Smart Metering Systems PLC Notification of Major Interest in Shares (6175A)
29 September 2015 - 6:18PM
UK Regulatory
TIDMSMS
RNS Number : 6175A
Smart Metering Systems PLC
29 September 2015
29 September 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: Notifications of Major Interests in Shares
-------------------------------------------------
1: Identity of the issuer Smart Metering Systems
or the underlying issuer of
existing shares to which voting
rights are attached:
--------------------------------- -----------------------
2: Reason for notification (yes/no)
-----------------------------------------------------------
An acquisition or disposal of voting rights yes
----------------------------------------------------- ----
An acquisition or disposal of qualifying financial no
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
----------------------------------------------------- ----
An acquisition or disposal of instruments with no
similar economic effect to qualifying financial
instruments
----------------------------------------------------- ----
An event changing the breakdown of voting rights no
----------------------------------------------------- ----
Other (please no
specify):
--------------------------------------------------- ----
3. Full name of person(s) Standard Life Investments
subject to the notification (Holdings) Limited (Parent
obligation: Company) -5.66% comprised
of:
Standard Life Investments
Limited - 5.66%
Ignis Investment Services
Limited - 0%
----------------------------------- ----------------------------
4. Full name of shareholder(s) Vidacos NomineesHSBC
(if different from 3.):
----------------------------------- ----------------------------
5. Date of the transaction 28/09/2015
(and date on which the threshold
is crossed or reached):
----------------------------------- ----------------------------
6. Date on which issuer notified: 29/09/2015
----------------------------------- ----------------------------
7. Threshold(s) that is/are
crossed or reached: 6%
----------------------------------- ----------------------------
8: Notified Details
---------------------------------------------------------------------
A: Voting rights attached to shares
---------------------------------------------------------------------
Class/type of share If possible GB00B4X1RC86
use ISIN code
------------------------------------- ------------------------------
Situation previous to the triggering transaction
---------------------------------------------------------------------
Number of shares Number of voting rights
------------------------------------- ------------------------------
5,245,974 5,245,974
------------------------------------- ------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------
Number of shares Number of voting rights Percentage of
voting rights
--------------------- -------------------------- ------------------
Direct Indirect Direct Indirect
--------------------- -------------- ---------- ------- ---------
4,871,071 4,871,071 0 5.66
--------------------- -------------- ---------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of financial Expiration date Exercise/ conversion No. of voting Percentage of
instrument period/date rights that voting rights
may be acquired
(if the instrument
exercised/converted)
------------------ ---------------- --------------------- ---------------------- ---------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of % of voting
instrument price date Conversion voting rights
period rights
instrument
refers
to
------------------ --------- ----------- ------------ ------------ ----------------
Nominal Delta
------------------ --------- ----------- ------------ ------------ -------- ------
Total (A+B+C)
-----------------------------------------------
Number of voting rights Percentage of voting
rights
------------------------ ---------------------
4,871,071 5.66
------------------------ ---------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
Standard Life Investments (Holdings) Limited (Parent
Company) -5.66% comprised of:
Standard Life Investments Limited - 5.66%
Ignis Investment Services Limited - 0%
------------------------------------------------------------
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:
----------------------------- ---------------------------
14. Contact name: GIOS@standardlife.com
Standard Life Investments
Ltd
----------------------------- ---------------------------
15. Contact telephone
number: (0131) 245 6565
----------------------------- ---------------------------
About Smart Metering Systems Plc
Established in 1995, Smart Metering Systems plc ("SMS"), based
in Glasgow, connects, owns, operates and maintains metering systems
and databases on behalf of major energy companies.
The Company's focus is 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. Longer term, the Company also has
additional applications for water and LPG.
SMS expanded its services into the electricity market through
the acquisition of Utility Partnership Limited in April 2014. The
Company now provides 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.
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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