14 May 2020 15:46
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 12 May 2020, David Thompson, Chief Financial Officer, purchased Ordinary Shares of one penny each ("Ordinary Shares") as follows:-
Name
| Date of Purchase | Number of Ordinary Shares purchased | Purchase Price |
David Thompson | 12/05/2020 | 1665 | 652.037 pence |
Following this transaction, David Thompson has an interest in 3,000 Ordinary Shares, representing 0.0026% 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
| David Thompson | ||||
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 instrument, type of instrument
Identification code
| 1665 ordinary shares of 1 pence SMS | ||||
b) | Nature of the transaction
| Purchase of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | 1665 ordinary shares at 652.037 pence
| ||||
e) | Date of the transaction
| 12 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 Joint Broker) | 0131 220 6939 / 020 7397 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.