Director/PDMR Shareholding

RNS Number : 6539L

Smart Metering Systems PLC

20 April 2018

 

Smart Metering Systems plc

("SMS" or "the Company")

Director / PDMR Shareholding

The Company was notified on 20 April 2018 that Alan Foy, a Director and shareholder of the Company, has transferred 900,000 shares to The Metis Trust (the "Trust"), a family trust of which Mr Foy is a trustee but not a beneficiary. Following completion of the transfer, Mr Foy will retain an interest in 6,280,608 Ordinary Shares, representing approximately 5.58 per cent of the issued share capital of the Company.

Mr Foy will undertake managerial responsibility for the Trust in his capacity as a trustee of the Trust and, as a consequence, the Trust is deemed to be a person closely associated with him (within the meaning of the Market Abuse Regulation). Following completion of the transfer, the Trust holds an interest in 900,000 Ordinary Shares, representing approximately 0.80 per cent of the issued share capital of the Company.

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	Alan Foy
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	Ordinary Shares of 1 pence SMS
b)	Nature of the transaction	Transfer of ordinary shares of 1p by way of gift for nil consideration to The Metis Trust of which Alan Foy is a trustee but not a beneficiary.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 900000
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transactions	20 April 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	The Metis Trust, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and a trustee of The Metis Trust.
2	Reason for notification
a)	Position/Status	The Metis Trust, declared as being a person closely associated with Alan Foy, who is a Director and shareholder of the Company (being a person discharging managerial responsibility) and a trustee of The Metis Trust.
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	Ordinary Shares of 1 pence SMS
b)	Nature of the transaction	Transfer of ordinary shares of 1p by way of gift from Alan Foy (a Director and shareholder of the Company (therefore a person discharging managerial responsibility) and a trustee of The Metis Trust) for nil consideration to The Metis Trust.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 900000
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transactions	20 April 2018
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:-

Smart Metering Systems plc	0141 249 3850
Craig McGinn, Company Secretary
Cenkos Securities plc	0131 220 6939 / 0207 397 8900
Neil McDonald Beth McKiernan
Kreab	020 7074 1800
Matthew Jervois Natalie Biasin Daniel Holgersson

 

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