29 Sep 2015 17:17
29 September 2015
Smart Metering Systems plc
("SMS" or "the Company")
Notification of Major Interest in Shares
Smart Metering Systems plc (AIM: SMS.L) announces as follows:
TR-1: Notifications of Major Interests in Shares |
1: Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Smart Metering Systems |
2: Reason for notification (yes/no) | ||
An acquisition or disposal of voting rights | yes | |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | no | |
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | no | |
An event changing the breakdown of voting rights | no | |
Other (please specify): |
| no |
3. Full name of person(s) subject to the notification obligation: | Standard Life Investments (Holdings) Limited (Parent Company) -5.66% comprised of: Standard Life Investments Limited - 5.66% Ignis Investment Services Limited - 0% |
4. Full name of shareholder(s) (if different from 3.): | Vidacos Nominees\HSBC |
5. Date of the transaction (and date on which the threshold is crossed or reached): | 28/09/2015 |
6. Date on which issuer notified: | 29/09/2015 |
7. Threshold(s) that is/are crossed or reached: | 6% |
8: Notified Details | ||||
A: Voting rights attached to shares | ||||
Class/type of share If possible use ISIN code | GB00B4X1RC86 | |||
Situation previous to the triggering transaction | ||||
Number of shares | Number of voting rights | |||
5,245,974 | 5,245,974 | |||
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | Percentage ofvoting rights | ||
Direct | Indirect | Direct | Indirect | |
4,871,071 | 4,871,071 | 0 | 5.66 | |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ conversion period/date | No. of voting rights that may be acquired(if the instrument exercised/converted) | Percentage of voting rights |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction
| ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights
| |
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| Nominal | Delta |
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Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
4,871,071 | 5.66 |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
Standard Life Investments (Holdings) Limited (Parent Company) -5.66% comprised of: Standard Life Investments Limited - 5.66% Ignis Investment Services Limited - 0% |
Proxy Voting:
| |
10. Name of the proxy holder:
| |
11. Number of voting rights proxy holder will cease to hold:
| |
12. Date on which proxy holder will cease to hold voting rights:
| |
13. Additional information:
| |
14. Contact name:
| GIOS@standardlife.comStandard Life Investments Ltd |
15. Contact telephone number:
| (0131) 245 6565 |
About Smart Metering Systems Plc
Established in 1995, Smart Metering Systems plc ("SMS"), based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies.
The Company's focus is on offering its unique integrated services to the UK Industrial and Commercial gas market in which its customers have an 80% market share.
The Company has further applications for gas with its ADM™ device which allows "smart" functions such as remote reading and half-hourly consumption data to be offered to customers in addition to the normal metering services. Longer term, the Company also has additional applications for water and LPG.
SMS expanded its services into the electricity market through the acquisition of Utility Partnership Limited in April 2014. The Company now provides a fully integrated service from beginning to end to cover the installation of a gas/electricity supply/connection to the procurement, installation and management of a gas or electricity meter asset to the collection and management of customer data and ongoing energy management services.
The Company was admitted to the AIM market in July 2011 and is now part of the FTSE AIM 50 index. For more information on SMS please visit the Company's website: www.sms-plc.com.