Source - RNS
RNS Number : 7208K
Smart Metering Systems PLC
24 April 2020
 

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 of the following transactions in the ordinary shares in the Company ("Ordinary Shares") involving a Director of the Company and certain persons closely associated with them.

Name

 

Date of Transaction

Transaction

Number of shares

Price

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

23/04/2020

 

Purchase

Units: 83,333

 

604.7986p

 

Alan Foy, a Director and shareholder of the Company has transferred shares to Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

27/03/2020

Transfer (sale by Director and purchase by an entity closely associated with that Director)

Units: 400,000

629.9837p

 

Following these transactions Alan Foy (together with persons closely associated with him) has an interest in 5,904,586 Ordinary Shares, representing 5.23 % of the issued share capital of the Company.

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

 

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

2

Reason for notification

 

 

a)

Position/Status

 

Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

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 instrument, type of instrument

Identification code

83,333 ordinary shares of 1 pence

 

AIM: SMS

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

604.7986p

83,333

 

d)

Aggregated information

Aggregated volume

Price

83,333 ordinary shares at  604.7986pence

e)

Date of the transaction

23/04/2020

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

 

a)

Name

 

(a)  Alan Foy (as seller);

(b)  Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited (as purchaser).

2

Reason for notification

 

 

a)

Position/Status

 

(a)  Alan Foy, Director

(b)  Metis Investments Limited, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and Director and shareholder of Metis Investments Limited.

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 instrument, type of instrument

Identification code

400,000 ordinary shares of 1 pence

 

AIM: SMS

b)

Nature of the transaction

Sale by a Director of shares to an entity declared as closely associated with that Director

c)

Price(s) and volume(s)

Price(s)

Volume(s)

629.9837p

400,000

 

d)

Aggregated information

Aggregated volume

Price

400,000 ordinary shares at 629.9837 pence

e)

Date of the transaction

27/04/2020

 

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 Joint Broker)

0131 220 6939 / 020 7397 8900

  Neil McDonald / Pete Lynch

 

 

 

  Investec Bank plc (Joint Broker)

020 7597 5970

  Christopher Baird / Henry Reast

 

 

 

  Instinctif Partners

020 7457 2077

  Adrian Duffield / Kay Larsen / Chantal Woolcock

 

 

Notes to editors

 

SMS plc (www.sms-plc.com) installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management. Established in 1995, SMS provides a full end-to-end service for metering financing, installation, management and maintenance, with a highly skilled workforce and deep engineering expertise.

 

SMS had 3.73 million meter and data assets under management as of 31 December 2019. SMS's smart meter expertise also enables the Company to provide consultancy services that allow organisations and corporates to enhance long term efficiency and effectiveness in the management of energy.

 

SMS's energy management and asset installation services also include infrastructure design, installation, consultancy and project management services for new gas, electricity, water and telecoms connections for licensed energy and telecoms suppliers, end consumers and the UK's licensed electricity Distribution Network Owners (DNOs).

 

SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.

 

SMS plc is headquartered in Glasgow with 12 locations across the UK.

 

SMS's shares are listed on AIM.

 


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