Smart Metering Systems PLC Director/PDMR Shareholding (4717M)

TIDMSMS

RNS Number : 4717M

Smart Metering Systems PLC

11 May 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 on 7 May 2020 Miriam Greenwood, a Director, purchased Ordinary Shares of one penny each ("Ordinary Shares") as follows:-

 
       Name          Date of Purchase    Number of shares   Purchase Price 
                                             purchased 
 Miriam Greenwood    07/05/2020          3402               593.23 
                    ------------------  -----------------  ---------------

Following this transaction Miriam Greenwood has an interest in 23,350 Ordinary Shares, representing 0.021% 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                                  Miriam Greenwood 
     ------------------------------------  -------------------------------- 
 2    Reason for notification 
     ------------------------------------  -------------------------------- 
 a)   Position/Status                       Director 
     ------------------------------------  -------------------------------- 
 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          3402 ordinary shares of 1 pence 
       instrument, type of instrument        SMS 
 
       Identification code 
     ------------------------------------  -------------------------------- 
 b)   Nature of the transaction             Purchase of shares 
     ------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)    Volume(s) 
                                              593.23 
                                               p          3402 
                                                         ---------- 
     ------------------------------------  -------------------------------- 
 d)        Aggregated information           3402 ordinary shares at 593.23 
             *    Aggregated volume          pence 
 
 
             *    Price 
     ------------------------------------  -------------------------------- 
 e)   Date of the transaction               7 May 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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