Notifications of Major Interest in Shares

RNS Number : 7732O

Smart Metering Systems PLC

01 June 2015

 

1 June 2015

Smart Metering Systems plc

("SMS" or "the Company")

 Notifications of Major Interest in Shares

Smart Metering Systems plc (AIM: SMS.L) announces as follows:

TR-1:                        Notifications of Major Interests in Shares

1:   Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Smart Metering Systems

2:    Reason for notification (yes/no)
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		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify):		No

3. Full name of person(s) subject to the notification                          obligation:			Standard Life Investments (Holdings) Limited (Parent Company) -6.948% comprised of: Standard Life Investments Limited - 6.948% Ignis Investment Services Limited - 0%
4. Full name of shareholder(s) (if different from 3.):			Vidacos Nominees\HSBC
5. Date of the transaction (and date on which the threshold        is crossed or reached):			28/05/2015
6. Date on which issuer notified:			29/05/2015
7. Threshold(s) that is/are crossed or reached:			7%
	8:    Notified Details
	A:   Voting rights attached to shares
	Class/type of share            If possible use ISIN code			GB00B4X1RC86
	Situation previous to the triggering transaction
	Number of shares			Number of voting rights
	6,243,750			6,243,750
	Resulting situation after the triggering transaction
	Number of shares	Number of voting rights			Percentage of voting rights
		Direct		Indirect	Direct	Indirect
	5,977,518	0		5,977,518	0	6.948

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage 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
5,977,518	6.948

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Standard Life Investments (Holdings) Limited (Parent Company) -6.948% comprised of: Standard Life Investments Limited - 6.948% Ignis Investment Services Limited - 0%

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:	[e-mail] Standard Life Investments Ltd
15. Contact telephone number:	[phone]

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc, based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies.

Currently the Company is concentrating its efforts on offering its unique integrated services to the UK industrial and commercial gas market in which its customers have an 80% market share.

The Company has further applications for gas with its ADM™ device which allows "smart" functions such as remote reading and half-hourly consumption data to be offered to customers in addition to the normal metering services.

SMS expanded its services into the electricity market through the acquisition of Utility Partnership Limited in April 2014. The Company can now provide a fully integrated service from beginning to end to cover the installation of a gas/electricity supply/connection to the procurement, installation and management of a gas or electricity meter asset to the collection and management of customer data and ongoing energy management services. Longer term the Company also has additional applications for water and LPG.

The Company was admitted to the AIM market in July 2011 and is now part of the FTSE AIM 50 index. For more information on SMS please visit the Company's website: www.sms-plc.com.

 

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