SMS Plc Block Listing of Ordinary Shares

RNS Number : 3200O

Smart Metering Systems PLC

27 May 2015

 

Smart Metering Systems plc

Block Listing of Ordinary Shares

("SMS" or the "Company")

Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, announces that an application has been made to the London Stock Exchange for a block admission for a total of 5,406,064 ordinary shares of 1p each ("New Ordinary Shares") to be admitted to trading on AIM.

New Ordinary Shares will be issued from time to time pursuant to the exercise of options under the Company's Approved Company Share Option Plan and Unapproved Company Share Option Plan.

New Ordinary Shares, when issued, will rank pari passu with the existing ordinary shares of the Company. It is expected that admission will become effective on 1 June 2015 ("Admission"). Following Admission, there will be no change to the Company's issued share capital.

For further information:

Smart Metering Systems plc Alan Foy, Chief Executive Officer Glen Murray, Finance Director	0141 249 3850
Cenkos Securities Neil McDonald Nick Tulloch	0131 220 6939 / 0207 397 8900
Kreab Natalie Biasin Matthew Jervois Chris Philipsborn	020 7074 1800

Notes to Editors

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.

Following its listing, the Company 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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