Smart Metering Systems PLC Issue of Equity (2371H)
November 27 2015 - 8:40AM
UK Regulatory
TIDMSMS
RNS Number : 2371H
Smart Metering Systems PLC
27 November 2015
Smart Metering Systems plc
("SMS" or "the Company")
Issue of Equity
Smart Metering Systems plc (AIM: SMS.L), the integrated metering
services company that connects, owns, operates and maintains
current generation and new advanced metering assets and databases,
confirms that it has issued a total of 30,200 ordinary shares of 1p
each ("New Ordinary Shares") pursuant to the exercise of employee
share options under the Approved and Unapproved Company Share
Option Plan. The New Ordinary Shares have been admitted to trading
on AIM under the block listing facility announced on 27 May
2015.
Following the issue of the New Ordinary Shares, the Company has
86,108,712 Ordinary Shares in issue. SMS does not currently hold
any shares in treasury. Accordingly, this figure of 86,108,712
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information:
Smart Metering Systems
plc
Alan Foy, Chief Executive
Officer
Glen Murray, Finance
Director 0141 249 3850
Cenkos Securities
Neil McDonald 0131 220 6939 / 0207
Nick Tulloch 397 8900
Kreab
Natalie Biasin
Matthew Jervois
Daniel Holgersson 020 7074 1800
Notes to Editors
About Smart Metering Systems
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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