Posting of Circular and Notice of General Meeting

RNS Number : 6447X

Smart Metering Systems PLC

27 November 2017

 

For Immediate Release                                                                                        

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.  PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

27 November 2017

Smart Metering Systems plc

("SMS" or the "Company")

Posting of Circular and Notice of General Meeting

The Company confirms that, further to the announcements of 24 November 2017, copies of the Circular (incorporating the Notice of General Meeting) together with the Form of Proxy, have been sent to eligible Shareholders today.

The Circular and Notice of General Meeting will shortly be available on the Company's website at www.sms-plc.com.

The General Meeting will be held at 9.00 a.m. on 20 December 2017 at the offices of CMS Cameron McKenna Nabarro Olswang LLP at 1 West Regent Street, Glasgow G2 1AP for the purpose of passing certain Resolutions in relation to the proposed Placing.

The Company has received irrevocable undertakings from Miriam Greenwood, Graeme Bissett, Karen MacDiarmid and Alan Foy to vote in favour of the Resolutions in respect of their respective entire holdings of existing Ordinary Shares representing, in aggregate, approximately 7.9 per cent. of the existing Ordinary Shares.

The expected timetable set out in the Company's initial announcement of 24 November 2017 remains unchanged.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 24 November 2017.

For further information, please contact:

Smart Metering Systems plc	[phone]
Alan Foy, CEO David Thompson, CFO Craig McGinn, Company Secretary
Cenkos Securities PLC	[phone] / [phone]
Nominated Adviser, Broker and Joint Bookrunner
Iain Macarthur / Neil McDonald
Barclays Bank PLC	[phone]
Joint Bookrunner
Neal West / Eddie Siow / Phil Drake
Macquarie Capital (Europe) Limited	[phone]
Joint Bookrunner
Ben Bailey / Alex Reynolds / Nick Stamp
Rothschild:	[phone]
Financial Adviser
Emmet Walsh / Peter Nicklin / Jonathan Finn / Yuri Shakhmin
Kreab	[phone]
Matthew Jervois / Daniel Holgersson

About Smart Metering Systems plc

With its business established in 1995, Smart Metering Systems plc, headquartered in Glasgow, connects, owns and operates gas and electricity meters on behalf of major energy companies. The Company's full end to end energy management services and consultancy business support large blue chip companies in the UK, through a network of offices in Bolton, Cambridge, Cardiff, Doncaster, Livingston, Normanton and Rugby.

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

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.

IMPORTANT NOTICES

This Announcement and the information contained in it is restricted and is not for publication, release or distribution, in whole or in part, directly or indirectly, in, into or from the United States, Australia, Canada, South Africa or Japan or any other state or jurisdiction in which publication, release or distribution would be unlawful, restricted or unauthorised (each a "Restricted Territory"). This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for shares in the capital of the Company in any Restricted Territory or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. The securities referred to in this Anouncement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, taken up, resold, transferred or delivered, directly or indirectly, in, into or within the United States except pursuant to registration under the Securities Act or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.

 

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