Issue of Equity

RNS Number : 6758M

Smart Metering Systems PLC

25 May 2022

 

Smart Metering Systems plc

Issue of Equity

Smart Metering Systems plc (AIM: SMS.L) confirms that it has issued a total of 67,609 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 confirms that it has 133,389,164 ordinary shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 133,389,164 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
Tim Mortlock, Chief Executive Officer Gavin Urwin, Chief Financial Officer
Dilip Kejriwal, Head of Investor Relations
Cenkos Securities plc (Joint Broker and Nomad)	0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch Investec Bank plc (Joint Broker) Christopher Baird / Henry Reast RBC Capital Markets (Joint Broker) Matthew Coakes / Evgeni Jordanov / Jack Wood	020 7597 5970   020 7653 4000
Instinctif Partners	[e-mail]
Tim Linacre / Guy Scarborough / Sarah Hourahane

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) installs and manages smart meters, data, grid scale batteries 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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