Smart Metering Systems PLC Form 8 (OPD) - Smart Metering Systems (SMS) (5464W)
12 Dezember 2023 - 6:24PM
UK Regulatory
TIDMSMS
RNS Number : 5464W
Smart Metering Systems PLC
12 December 2023
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Smart Metering Systems plc
(b) Owner or controller of interests and short positions disclosed, if different from N/A
1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
---------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Smart Metering Systems plc
Use a separate form for each offeror/offeree
---------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
---------------------------
(e) Date position held: 12 December 2023
The latest practicable date prior to the disclosure
---------------------------
(f) In addition to the company in 1(c) above, is the discloser making disclosures in N/A
respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
---------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security:
Interests Short positions
------------- ------------------
Number % Number %
------- ---- ----------- -----
(1) Relevant securities owned and/or controlled: Nil Nil Nil Nil
------- ---- ----------- -----
(2) Cash-settled derivatives: Nil Nil Nil Nil
------- ---- ----------- -----
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: Nil Nil Nil Nil
------- ---- ----------- -----
Nil Nil Nil Nil
TOTAL:
------- ---- ----------- -----
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: None
Details, including nature of the rights concerned and relevant percentages: None
-----
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
Director Interests
Interests held by the directors of Smart Metering Systems plc, their close relatives and related
trusts
Director Number of Ordinary Percentage of total
Shares held issued share capital
(%)
Tim Mortlock 72,228 0.05%
------------------- ----------------------
Gail Blain 2,717 0.00%
------------------- ----------------------
Miriam Greenwood 32,049 0.02%
------------------- ----------------------
Graeme Bissett 22,911 0.01%
------------------- ----------------------
Jamie Richards 8,611 0.00%
------------------- ----------------------
Ruth Leak 2,825 0.00%
------------------- ----------------------
Total 141,341 0.10%
------------------- ----------------------
Options over Ordinary Shares:
Name Share Plan Date of No. of Exercise Vesting
award ordinary price (per date
shares share)
under
option
Tim Mortlock SMS Long 14 March 93,635 NIL 75% of the
Term Incentive 2023 SMS LTIP
Plan ("SMS options
LTIP") vest on
the 3(rd)
anniversary
of grant,
with a further
12.5% on
each of
the fourth
and fifth
anniversaries.
The holder
must exercise
the options
within 10
years from
the date
of granting.
--------------- ------------- ---------- ------------ ---------------
Tim Mortlock SMS LTIP 7 July 2022 90,733 NIL
--------------- ------------- ---------- ------------ ---------------
Tim Mortlock SMS Unapproved 12 November 133,250 350 pence Options
Share Option 2014 vest 5 years
Plan ("SMS from granting
USOP") and the
holder must
exercise
the options
within 10
years from
the date
of granting.
--------------- ------------- ---------- ------------ ---------------
Tim Mortlock SMS USOP 13 July 309,334 700 pence
2018
--------------- ------------- ---------- ------------ ---------------
Tim Mortlock SMS USOP 10 February 250,000 705.4 pence
2021
--------------- ------------- ---------- ------------ ---------------
Gail Blain SMS LTIP 14 March 55,351 NIL 75% of the
2023 SMS LTIP
options
vest on
the 3rd
anniversary
of grant,
with a further
12.5% on
each of
the fourth
and fifth
anniversaries.
The holder
must exercise
the options
within 10
years from
the date
of granting.
--------------- ------------- ---------- ------------ ---------------
Gail Blain SMS USOP 26 September 50,000 529 pence Options
2016 vest 5 years
from granting
and the
holder must
exercise
the options
within 10
years from
the date
of granting.
--------------- ------------- ---------- ------------ ---------------
Gail Blain SMS USOP 13 July 46,400 700 pence
2018
--------------- ------------- ---------- ------------ ---------------
Gail Blain SMS USOP 10 February 70,000 705.4 pence
2021
--------------- ------------- ---------- ------------ ---------------
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
---
Date of disclosure: 12 December 2023
Contact name: Craig McGinn
--------------------
Telephone number: +44 (0)7966 390 279
--------------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk .
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