Smart Metering Systems PLC Director/PDMR Shareholding (7208K)
April 24 2020 - 2:00AM
UK Regulatory
TIDMSMS
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 Number of Price
Transaction shares
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 Transfer
is a Director and (sale by
shareholder of the Director
Company (being a person and purchase
discharging managerial by an entity
responsibility) and closely
Director and shareholder associated
of Metis Investments with that
Limited. 27/03/2020 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 83,333 ordinary shares of 1
instrument, type of instrument pence
Identification code
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 83,333 ordinary shares at 604.7986pence
* Aggregated volume
* Price
------------------------------------ ----------------------------------------
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 400,000 ordinary shares of
instrument, type of instrument 1 pence
Identification code
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 400,000 ordinary shares at
* Aggregated volume 629.9837 pence
* Price
------------------------------------ -------------------------------------
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 0131 220 6939 / 020 7397
Joint Broker) 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.
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.
END
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