TR-1: Notification of Major Interest in Shares

RNS Number : 2459H

Smart Metering Systems PLC

27 November 2015

 

27 November 2015

Smart Metering Systems plc

("SMS" or "the Company")

 Notification 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
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):	Implimentation of changes to the DTRs as a result of amendments to the Transparency Directive coming into force	X

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):	26 November 2015
6. Date on which issuer notified:	27 November 2015
7. Threshold(s) that is/are crossed or reached:	Under 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4X1RC86

2,500,000

2,500,000

N/A

N/A

0

Under 5%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Contract for Difference

N/A

N/A

N/A

N/A

Nominal

Delta

Under 5%

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

N/A

Under 5%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The statement relates to common shares and a Contract for Difference ("CFD") 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 and the CFD, held for the account of Quantum Partners.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
14. Contact name:	Jade Cornell Compliance Officer
15. Contact telephone number:	020 7758 4826

About Smart Metering Systems Plc

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: http://www.sms-plc.com

 

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