Smart Metering Systems PLC TR-1: Notification of Major Interest in Shares (2459H)
November 27 2015 - 9:40AM
UK Regulatory
TIDMSMS
RNS Number : 2459H
Smart Metering Systems PLC
27 November 2015
27 November 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
-----------------------------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
-----------------------------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
-----------------------------------------------------
An event changing the breakdown of voting rights
-----------------------------------------------------
Other (please Implimentation of changes to X
specify): the DTRs as a result of amendments
to the Transparency Directive
coming into force
--------------- ------------------------------------
3. Full name of person(s) SFM UK Management LLP
subject to the notification
obligation:
---------------------------------- ----------------------
4. Full name of shareholder(s) Quantum Partners LP
(if different from 3.):
---------------------------------- ----------------------
5. Date of the transaction 26 November 2015
(and date on which the threshold
is crossed or reached):
---------------------------------- ----------------------
6. Date on which issuer notified: 27 November 2015
---------------------------------- ----------------------
7. Threshold(s) that is/are Under 5%
crossed or reached:
---------------------------------- ----------------------
8. Notified details:
----------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
--------------- ------------------------- --------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
--------------- ----------- ------------ ------------ --------------------- -------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
--------------- ----------- ------------ ------------ ------- ------------ -------- ---------
Under
GB00B4X1RC86 2,500,000 2,500,000 N/A N/A 0 5% N/A
----------- ------------ ------------ ------- ------------ -------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
--------------- ----------- -------------------------- --------------------- -------------------
N/A N/A N/A N/A N/A
--------------- ----------- -------------------------- --------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- ----------- ------------ ------------ --------------------- -------------------
Contract N/A N/A N/A N/A Nominal Delta
for
Difference
--------------- ----------- ------------ ------------ --------------------- -------- ---------
Under N/A
5%
--------------- ----------- ------------ ------------ ------- ------------ -------- ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------ --------------------------------------------------------
N/A Under 5%
------------------------------------------ --------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------
The statement relates to common shares and a Contract
for Difference ("CFD") held for the account of Quantum
Partners LP, a Cayman Islands exempted limited partnership
("Quantum Partners"). SFM UK Management LLP, a sub-advisor
to Soros Fund Management LLC, serves as investment manager
to Quantum Partners and has been granted investment
discretion over portfolio investments, including the
common shares and the CFD, held for the account of Quantum
Partners.
Proxy Voting:
------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
-------------------------------------------------------- --------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
-------------------------------------------------------- --------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
-------------------------------------------------------- --------------------
13. Additional information:
-------------------------------------------------------- --------------------
14. Contact name: Jade Cornell
Compliance Officer
-------------------------------------------------------- --------------------
15. Contact telephone number: 020 7758 4826
-------------------------------------------------------- --------------------
About Smart Metering Systems Plc
SMS expanded its services into the electricity market through
the acquisition of Utility Partnership Limited in April 2014. The
Company can now provide 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.
Longer term the Company also has additional applications for water
and LPG.
Following its listing, the Company is now part of the FTSE AIM
50 index. For more information on SMS please visit the Company's
website: http://www.sms-plc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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