Smart Metering Systems PLC Director/PDMR Shareholding (0690G)
November 20 2020 - 10:54AM
UK Regulatory
TIDMSMS
RNS Number : 0690G
Smart Metering Systems PLC
20 November 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 that on 20 November 2020, Alan
Foy, Chief Executive Officer of the Company, transferred 4,080,608
ordinary shares of 1p each in the Company ("Ordinary Shares") to
Metis Investments Limited, a person closely associated with him and
of which he is a Director and shareholder, at a price of GBP5.91
per Ordinary Share.
Following this transaction, Alan Foy (together with persons
closely associated with him) has an interest in 5,953,201 Ordinary
Shares, representing 5.27% 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 (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 4,080,608 ordinary shares of
instrument, type of instrument 1 pence each
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)
591p 4,080,608
----------
------------------------------------ -------------------------------------
d) Aggregated information 4,080,608 ordinary shares at
* Aggregated volume 591pence
* Price
------------------------------------ -------------------------------------
e) Date of the transaction 20 November 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 0131 220 6939 / 020 7397
and Joint Broker) 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker) 020 7597 5970
Christopher Baird / Henry Reast
RBC Capital Markets (Joint Broker) 020 7653 4000
Matthew Coakes / Evgeni Jordanov
Instinctif Partners (PR Adviser) 020 7457 2020
Adrian Duffield / Kay Larsen / SMS@instinctif.com
Chantal Woolcock
Notes to Editors
SMS plc (www.sms-plc.com) installs and manages smart meters,
data and carbon reduction assets ("CaRe") to facilitate effective
energy management. The Group manages and optimises these assets
through its in-house technology and data analytical platform. As at
30 June 2020 SMS had 3.74 million meter and data assets under
management.
Established in 1995, SMS provides a full end-to-end service,
from funding and installation to management and maintenance, with a
highly skilled workforce, deep engineering expertise and
well-established industrial partnerships.
SMS is leading the smart energy revolution and the assets
deployed remain at the heart of delivering and accelerating the UK
government's net zero carbon ambition. In 2019, SMS was awarded the
London Stock Exchange Green Economy Mark.
SMS plc is headquartered in Glasgow with a national presence
across twelve UK locations.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFEELFLIFII
(END) Dow Jones Newswires
November 20, 2020 10:54 ET (15:54 GMT)
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Aug 2023 to Aug 2024