SMS.L Regulatory News (SMS)

FORM 8.3 Amendment to Sale and Purchase

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose relevant securities this form relates:

SMART METERING SYSTEMS PLC

(d)

If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e)

Date position held/dealing undertaken:

17 Jan 2024

(f)

In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

NO

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

2,298,783

1.70%

35,994

0.03%

(2) Cash-settled derivatives:

23,846

0.02%

2,246,616

1.68%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,294,469

1.72%

2,282,610

1.71%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

1p ordinary

Purchase

50,801

9.0142 GBP

1p ordinary

Purchase

25,000

9.0511 GBP

1p ordinary

Purchase

25,000

8.9992 GBP

1p ordinary

Purchase

19,176

9.0481 GBP

1p ordinary

Purchase

17,500

8.9584 GBP

1p ordinary

Purchase

11,568

9.0799 GBP

1p ordinary

Purchase

3,746

8.9995 GBP

1p ordinary

Purchase

2,866

8.8909 GBP

1p ordinary

Purchase

2,831

9.0583 GBP

1p ordinary

Purchase

716

8.9200 GBP

1p ordinary

Purchase

707

8.9933 GBP

1p ordinary

Purchase

345

9.1450 GBP

1p ordinary

Purchase

333

9.1300 GBP

1p ordinary

Purchase

21

9.0000 GBP

1p ordinary

Sale

39,464

9.0000 GBP

1p ordinary

Sale

21,840

9.0305 GBP

1p ordinary

Sale

17,557

8.9970 GBP

1p ordinary

Sale

5,000

9.0009 GBP

1p ordinary

Sale

4,175

8.9835 GBP

1p ordinary

Sale

3,734

8.9400 GBP

1p ordinary

Sale

2,179

9.0102 GBP

1p ordinary

Sale

1,667

9.0868 GBP

1p ordinary

Sale

1,548

9.0466 GBP

1p ordinary

Sale

1,249

9.0150 GBP

1p ordinary

Sale

913

8.9600 GBP

1p ordinary

Sale

716

8.9200 GBP

1p ordinary

Sale

401

8.9202 GBP

1p ordinary

Sale

333

9.1300 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Decreasing Long

7,799

9.1198 GBP

1p ordinary

SWAP

Decreasing Long

8,700

9.0764 GBP

1p ordinary

SWAP

Decreasing Long

17,250

8.9880 GBP

1p ordinary

SWAP

Decreasing Short

571

9.0814 GBP

1p ordinary

SWAP

Decreasing Short

1,096

9.0896 GBP

1p ordinary

SWAP

Decreasing Short

11,429

9.0442 GBP

1p ordinary

CFD

Decreasing Short

16,594

9.0000 GBP

1p ordinary

SWAP

Decreasing Short

21,840

9.0305 GBP

1p ordinary

SWAP

Increasing Long

25,000

9.0511 GBP

1p ordinary

SWAP

Increasing Long

25,000

8.9992 GBP

1p ordinary

SWAP

Increasing Short

61

9.0555 GBP

1p ordinary

SWAP

Increasing Short

6,100

9.0868 GBP

1p ordinary

SWAP

Increasing Short

9,331

9.0825 GBP

1p ordinary

SWAP

Increasing Short

9,845

9.0155 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

22 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213