Smart Metering Systems PLC Director/PDMR Shareholding (9506C)
October 14 2022 - 5:39AM
UK Regulatory
TIDMSMS
RNS Number : 9506C
Smart Metering Systems PLC
14 October 2022
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) announces that
on 13 October 2022 certain Directors dealt in Ordinary Shares of
one penny each ("Ordinary Shares") and that pursuant to Board
approval it has, on 13 October 2022, granted the options detailed
below over ordinary shares of 1 pence each in the Company to Tim
Mortlock, CEO under the Smart Metering Systems Long Term Incentive
Plan established on 19 May 2022 (the "Options"):-
Name Date of Number of shares Price
Transaction(s)
Tim Mortlock 13/10/2022 1. Purchase of 14,058 711.39p
Shares Nil
2. Acceptance of 90,733
Options
----------------------- -------------------------- --------
Miriam Greenwood 13/10/2022 Purchase of 3570 Shares 702p
----------------------- -------------------------- --------
Gavin Urwin 13/10/2022 Purchase of 2153 Shares 6 95.5p
----------------------- -------------------------- --------
Ruth Leak 13/10/2022 Purchase of 2825 Shares 707.69p
----------------------- -------------------------- --------
Following these transactions (i) Miriam Greenwood has an
interest in 29 ,031 Ordinary Shares, representing 0.021% of the
issued share capital of the Company (ii) Tim Mortlock has an
interest in 35,260 Ordinary Shares, representing 0.026 % of the
issued share capital of the Company (iii) Gavin Urwin has an
interest in 4,375 Ordinary Shares, representing 0.003 % of the
issued share capital of the Company and (iv) Ruth Leak has an
interest in 2825 Ordinary Shares, representing 0.002% of the issued
share capital of the Company.
The vesting and exercise of the Options is subject to
satisfaction of certain performance conditions relating to the
Company's financial performance, total shareholder return and ESG
criteria during the three-year period up until 31 December 2024.
The Options will become exercisable in tranches between 2025 and
2027.
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 Tim Mortlock
------------------------------------ -----------------------------------------
2 Reason for notification
------------------------------------ -----------------------------------------
a) Position/Status PDMR - 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 1. 14058 Ordinary Shares of
instrument, type of instrument 1 pence
2. Options under the Smart
Metering Systems L ong Term
Incentive Plan, subject to
performance conditions measured
over the period 1 January 2022
Identification code - 31 December 2024 and focused
on f inancial performance,
total shareholder return and
ESG criteria during the three-year
period up until 31 December
2024.
SMS
------------------------------------ -----------------------------------------
b) Nature of the transaction 1. Purchase
2. Award of Share Options
------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 711.39p 14,058
--------- ----------
2. Nil 90,733
--------- ----------
------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume
n/a
* Price
------------------------------------ -----------------------------------------
e) Date of the transaction 13 October 2022
------------------------------------ -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ -----------------------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
a) Name Miriam Greenwood
------------------------------------ ---------------------------
2 Reason for notification
------------------------------------ ---------------------------
a) Position/Status PDMR -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 ordinary shares of 1 pence
instrument, type of instrument
Identification code SMS
------------------------------------ ---------------------------
b) Nature of the transaction Purchase of shares
------------------------------------ ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
702p 3570
----------
------------------------------------ ---------------------------
d) Aggregated information
* Aggregated volume n/a
* Price
------------------------------------ ---------------------------
e) Date of the transaction 13 October 2022
------------------------------------ ---------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ ---------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
------------------------------------ ---------------------------
a) Name Gavin Urwin
------------------------------------ ---------------------------
2 Reason for notification
------------------------------------ ---------------------------
a) Position/Status PDMR -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 ordinary shares of 1 pence
instrument, type of instrument
Identification code SMS
------------------------------------ ---------------------------
b) Nature of the transaction Purchase of shares
------------------------------------ ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
695.5p 2153
----------
------------------------------------ ---------------------------
d) Aggregated information
* Aggregated volume n/a
* Price
------------------------------------ ---------------------------
e) Date of the transaction 13 October 2022
------------------------------------ ---------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ ---------------------------
1 Details of the person discharging
managerial responsibilities/person
closely associated
------------------------------------ ---------------------------
a) Name Ruth Leak
------------------------------------ ---------------------------
2 Reason for notification
------------------------------------ ---------------------------
a) Position/Status PDMR -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 ordinary shares of 1 pence
instrument, type of instrument
Identification code SMS
------------------------------------ ---------------------------
b) Nature of the transaction Purchase of shares
------------------------------------ ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
707.69p 2825
----------
------------------------------------ ---------------------------
d) Aggregated information
* Aggregated volume n/a
* Price
------------------------------------ ---------------------------
e) Date of the transaction 13 October 2022
------------------------------------ ---------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ ---------------------------
For further information:
Smart Metering Systems plc 0141 249 3850
Craig McGinn, Company Secretary
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
RBC Capital Markets (Joint Broker) 020 7653 4000
Matthew Coakes / Evgeni Jordanov
Instinctif Partners (PR Adviser) 020 7457 2020
Tim Linacre / Guy Scarborough / SMS@instinctif.com
Sarah Hourahane
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) installs and
manages smart meters, energy data, grid scale batteries and other
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.
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 low carbon, smart energy revolution in the UK
and is committed to reducing its own carbon emissions to net zero
by 2030. In 2019, SMS was also 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.
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END
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