Issue of Equity

RNS Number : 2099Z

Smart Metering Systems PLC

20 May 2021

 

Smart Metering Systems plc

Issue of Equity

Smart Metering Systems plc (AIM: "SMS", the "Group"), confirms that it has issued a total of 448,537 ordinary shares of 1p each (the "New Ordinary Shares") pursuant to an exercise of employee share options under the Approved and Unapproved Company Share Option Plan. The New Ordinary Shares have been admitted on AIM under the block listing facility announced on 27 May 2015.

Following this issue, the Company confirms that it has 113,382,556 ordinary shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 113,382,556 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
Dilip Kejriwal, Investor Relations
Cenkos Securities plc (Joint Broker and Nomad)	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	[e-mail]

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) installs and manages smart meters, data and carbon reduction assets ("CaRe") to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform.

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. In 2019, SMS was also awarded the London Stock Exchange Green Economy Mark.

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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