Smart Metering Systems PLC TR-1: Notification of Major Interest in Shares (4518S)

TIDMSMS

RNS Number : 4518S

Smart Metering Systems PLC

21 December 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                       Smart Metering Systems 
  the underlying issuer                                                       Plc 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ----------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                   X 
------------------------------------------------------------  ---------------------------------- 
 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)                                    Abdiel Capital Management, 
  subject to the                                               LLC 
  notification obligation:                                     Abdiel Capital Advisors, LP 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                               Abdiel Qualified Master Fund, 
  (if different from 3.):(iv)                                  LP holds 4,314,133 of the 
                                                               shares in Smart Metering Systems 
                                                               PLC. 
 
                                                               Abdiel Capital, LP holds 219,987 
                                                               of the shares in Smart Metering 
                                                               Systems PLC. 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                   16 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                      20 December 2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                          5% 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the 
  of             to the triggering                   triggering transaction 
  shares         transaction                         <3% 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  ------------------------------------------------------------------- 
                Number            Number            Number          Number of voting          % of voting 
                of                 of                of              rights                    rights (x) 
                Shares             Voting            shares 
                                   Rights 
-------------  ----------------  ----------------  --------------  ------------------------  ------------------------- 
                                                    Direct          Direct     Indirect       Direct        Indirect 
                                                                    (xi)        (xii) 
-------------      ------------    ------------    --------------  ---------  -------------  ------------  ----------- 
 ORDINARY 
 SHARES 
 ISIN: 
 GB00B4X1RC86                     4,349,889                                    4,534,120                      5.07% 
               ----------------  ----------------  --------------  ---------  -------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                         Number of voting            % of voting 
 financial           date            Conversion                        rights that                 rights 
 instrument          (xiii)          Period (xiv)                      may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
                                                                       is 
                                                                       exercised/ 
                                                                       converted. 
-----------------  --------------  --------------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration      Exercise/         Number of voting            % of voting 
 financial         price          date            Conversion         rights instrument           rights (xix, 
 instrument                       (xvii)          period             refers to                   xx) 
                                                  (xviii) 
---------------  --------------  --------------  ----------------  --------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  --------------  ----------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 4,534,120                                            5.07% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 
 
 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: 
-------------------------------------------------------------  --------------------------------- 
 
                                                                Abdiel Capital Advisors, 
  13. Additional information:                                   LP acts as an investment 
                                                                manager for Abdiel Qualified 
                                                                Master Fund, LP and Abdiel 
                                                                Capital, LP. Abdiel Capital 
                                                                Management, LLC is the general 
                                                                partner of Abdiel Qualified 
                                                                Master Fund, LP and Abdiel 
                                                                Capital, LP. 
 
                                                                Abdiel Qualified Master Fund, 
                                                                LP beneficially holds 4,314,133 
                                                                of the shares in Smart Metering 
                                                                Systems PLC described above. 
 

                                                                Abdiel Capital, LP beneficially 
                                                                holds 219,987 of the shares 
                                                                in Smart Metering Systems 
                                                                PLC described above. 
 
                                                                In each case, these shares 
                                                                are held by JPMorgan Chase 
                                                                Bank London Branch as custodian 
                                                                and nominee. 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                       Peter Snedeker 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                         +001 646 496 9203 
-------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 21, 2016 03:14 ET (08:14 GMT)