Issue of Equity

RNS Number : 4998U

Smart Metering Systems PLC

25 November 2019

 

Smart Metering Systems plc

("SMS" or "the Company")

Issue of Equity

Smart Metering Systems plc (AIM: SMS.L), confirms that it has issued a total of 106,540 ordinary shares of 1p each (the "New Ordinary Shares") pursuant to the exercise of employee share options under the Approved and Unapproved Company Share Option Plan. The New Ordinary Shares have been admitted to trading on AIM under the block listing facility announced on 27 May 2015.

Following this issue, the Company has 112,792,143 ordinary shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 112,792,143 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Craig McGinn, Company Secretary
Cenkos Securities plc (Nomad and Joint Broker)	0131 220 6939 / 0207 397 8900
Neil McDonald/Peter Lynch
Investec Bank plc (Joint Broker)	020 7597 5970
Christopher Baird / Henry Reast
Instinctif Partners	020 7457 2077
Adrian Duffield/Kay Larsen/Chantal Woolcock

 Notes to Editors

SMS plc (www.sms-plc.com) installs smart meters and data loggers that facilitate effective energy management and a low carbon future. Established in 1995, SMS provides a full end-to-end service for metering financing, installation, management and maintenance, with a highly skilled workforce and deep engineering expertise.

SMS had installed 3.46 million meter and data assets as of 30 June 2019. SMS's smart meter expertise also enables the Company to provide consultancy services that allow organisations and corporates to enhance long term efficiency and effectiveness in the management of energy.

SMS's energy management and asset installation services also include infrastructure design, installation, consultancy and project management services for new gas, electricity, water and telecoms connections for licensed energy and telecoms suppliers, end consumers and the UK's licensed electricity Distribution Network Owners (DNOs).

SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.

SMS plc is headquartered in Glasgow with 12 locations across the UK.

SMS's shares are listed on AIM.

 

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