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13 Jul 2018 15:03
Smart Metering Systems plc
("SMS" or "the Company")
Grant of Options
Smart Metering Systems plc (AIM: SMS.L) announces that pursuant to a Board approval it has, on 13 July 2018, granted the following options over ordinary shares of 1 pence each in the Company to certain directors and PDMRs pursuant to the Smart Metering Systems Unapproved Share Option Plan established on 20 June 2011 (the "Options"):
Executive Director | Number of Options | Exercise Price |
Alan Foy | 500,000 | 700p |
David Thompson | 300,000 | 700p |
PDMR | Number of Options | Exercise Price |
Craig McGinn | 300,000 | 700p |
The vesting and exercise of the Options is subject to satisfaction of certain performance conditions relating to the Company's market capitalisation, personal objectives and health and safety criteria during the five year period up until 31 December 2022.
Enquiries:-
Smart Metering Systems plc | 0141 249 3850 |
Craig McGinn, Company Secretary |
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Cenkos Securities plc | 0131 220 6939 / 0207 397 8900 |
Neil McDonald |
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Kreab | 020 7074 1800 |
Matthew Jervois
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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 |
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a) | Name | Alan Foy | ||||
2 | Reason for notification |
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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 |
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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 |
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a) | Description of the financial instrument, type of instrument
Identification code | Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria. SMS | ||||
b) | Nature of the transaction | Award of Share Options | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
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e) | Date of the transaction | 13 July 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | David Thompson | ||||
2 | Reason for notification |
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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 |
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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 |
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a) | Description of the financial instrument, type of instrument
Identification code | Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria. SMS | ||||
b) | Nature of the transaction | Award of Share Options | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
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e) | Date of the transaction | 13 July 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name | Craig McGinn | ||||
2 | Reason for notification |
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a) | Position/Status | PDMR | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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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 | Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria. SMS | ||||
b) | Nature of the transaction | Award of Share Options | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information - Aggregated volume - Price | N/A Single Transaction
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e) | Date of the transaction | 13 July 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM |
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