Notification of Major Interest in Shares

RNS Number : 2264K

Smart Metering Systems PLC

12 July 2011

 



For Immediate Release                                                                                                                  12 July 2011
TR-1: Notification of Major Interest in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			SMART METERING SYSTEMS PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				YES
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		SFM UK Management LLP
4. Full name of shareholder(s)  (if different from 3.):		Quantum Partners LP
5. Date of the transaction and date on which the threshold is crossed or reached:		July 8, 2011
6. Date on which issuer notified:		July 11, 2011
7. Threshold(s) that is/are crossed or reached:		3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B4X1RC86

2,500,000

2,500,000

3.00%

0.00%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,500,000

3.00%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
This statement relates to common shares held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership ("Quantum Partners"). SFM UK Management LLP, a sub-advisor to Soros Fund Management LLC, serves as investment manager to Quantum Partners and has been granted investment discretion over portfolio investments, including the common shares, held for the account of Quantum Partners.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Jade Cornell Compliance Officer SFM UK Management LLP
15. Contact telephone number:	020 7758 4826

 

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