Director/PDMR Shareholding

RNS Number : 1649A

Smart Metering Systems PLC

31 January 2022

 

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 it has received notification that on 31 January 2022, Alan Foy, Chief Executive Officer of the Company, transferred 5,053,201 ordinary shares of 1p each in the Company ("Ordinary Shares") to Bank Julius Baer & Co. Ltd. Guernsey Branch, in security for a loan made to him.

Following this transaction, Alan Foy (together with persons closely associated with him) continues to have an interest in 900,000 Ordinary Shares, representing 0.675% of the issued share capital of the Company and has contractual rights to return of 5,053,201 ordinary shares following repayment of the loan made to him.

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	Alan Foy (as transferor); .
2	Reason for notification
a)	Position/Status	Alan Foy, 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	5,053,501 ordinary shares of 1 pence each AIM: SMS
b)	Nature of the transaction	Granting of security over shares in the Company
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 5,053,501
d)	Aggregated information -  Aggregated volume -  Price	5,053,501 ordinary shares at N/a
e)	Date of the transaction	31 January 2022
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
RBC Capital Markets (Joint Broker)	020 7653 4000
Matthew Coakes / Evgeni Jordanov

Instinctif Partners (PR Adviser)	020 7457 2020
Tim Linacre / Guy Scarborough / Sarah Hourahane	[e-mail]

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) is the fully integrated energy infrastructure company owning and managing meter assets, energy data, grid-scale batteries and other carbon reduction (CaRe) assets. The Group manages and optimises these assets through its in-house technology and data analytical platform "METIS".

Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.

SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. SMS has been recognised with the London Stock Exchange's Green Economy Mark every year since it was introduced in 2019.

SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.

 

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