TIDMSMS

RNS Number : 1649A

Smart Metering Systems PLC

31 January 2022

Smart Metering Systems plc

("SMS" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY/PERSONS CLOSELY ASSOCIATED

As required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse, Smart Metering Systems plc (AIM: SMS.L) announces that it has received notification that on 31 January 2022, Alan Foy, Chief Executive Officer of the Company, transferred 5,053,201 ordinary shares of 1p each in the Company ("Ordinary Shares") to Bank Julius Baer & Co. Ltd. Guernsey Branch, in security for a loan made to him.

Following this transaction, Alan Foy (together with persons closely associated with him) continues to have an interest in 900,000 Ordinary Shares, representing 0.675% of the issued share capital of the Company and has contractual rights to return of 5,053,201 ordinary shares following repayment of the loan made to him.

The notification below provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
 a)   Name                                       Alan Foy (as transferor); 
                                                  . 
     ------------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------  --------------------------------- 
 a)   Position/Status                            Alan Foy, Director 
     ------------------------------------  --------------------------------- 
 b)   Initial notification/Amendment        Initial Notification 
     ------------------------------------  --------------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
     ------------------------------------  --------------------------------- 
 a)   Name                                  Smart Metering Systems plc 
     ------------------------------------  --------------------------------- 
 b)   LEI                                   213800FGOUFSDPE33S71 
     ------------------------------------  --------------------------------- 
 4    Details of the transaction(s): 
       section to be repeated for 
       (i) each type of instrument; 
       (ii) each type of transaction; 
       (iii) each date; and (iv) 
       each place where transactions 
       have been conducted 
     ------------------------------------  --------------------------------- 
 a)   Description of the financial          5,053,501 ordinary shares of 
       instrument, type of instrument        1 pence each 
       Identification code 
                                             AIM: SMS 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Granting of security over shares 
                                             in the Company 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)    Volume(s) 
                                                   n/a    5,053,501 
                                                         ---------- 
     ------------------------------------  --------------------------------- 
 d)        Aggregated information           5,053,501 ordinary shares at 
             *    Aggregated volume          N/a 
 
 
             *    Price 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               31 January 2022 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction              London Stock Exchange, AIM 
     ------------------------------------  --------------------------------- 
 

For further information:

 
  Smart Metering Systems plc                        0141 249 3850 
  Alan Foy, Chief Executive Officer 
  Dilip Kejriwal, Head of Investor 
   Relations 
 
  Cenkos Securities plc (Nomad and       0131 220 6939 / 020 7397 
   Joint Broker)                                             8900 
  Neil McDonald / Pete Lynch 
 
  Investec Bank plc (Joint Broker)                  020 7597 5970 
  Christopher Baird / Henry Reast 
 
   RBC Capital Markets (Joint Broker)               020 7653 4000 
  Matthew Coakes / Evgeni Jordanov 
 
 
  Instinctif Partners (PR Adviser)         020 7457 2020 
  Tim Linacre / Guy Scarborough /     SMS@instinctif.com 
   Sarah Hourahane 
 

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) is the fully integrated energy infrastructure company owning and managing meter assets, energy data, grid-scale batteries and other carbon reduction (CaRe) assets. The Group manages and optimises these assets through its in-house technology and data analytical platform "METIS".

Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.

SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. SMS has been recognised with the London Stock Exchange's Green Economy Mark every year since it was introduced in 2019.

SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFLFVLLLILVIF

(END) Dow Jones Newswires

January 31, 2022 06:34 ET (11:34 GMT)

Smart Metering Systems (LSE:SMS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Smart Metering Systems Charts.
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Smart Metering Systems Charts.