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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Smart Metering Systems PLC | AQSE:SMS.GB | Aquis Stock Exchange | Ordinary Share | GB00B4X1RC86 | Ordinary Share 1p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSMS
RNS Number : 0887T
Smart Metering Systems PLC
15 March 2023
Smart Metering Systems plc
("SMS" or "the Company")
Grant of Options and PDMR Dealing
As required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse, Smart Metering Systems plc (AIM: SMS.L) announces that pursuant to a Board approval it has, on 14 March 2023, granted the following options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") to certain directors and PDMRs under the Smart Metering Systems Long Term Incentive Plan established on 19 May 2022 (the "Options"):
Name Position Number of L TIP Exercise Price Options Tim Mortlock Executive Director 93,635 Nil ------------------- ---------------- --------------- Gail Blain Executive Director 55,351 Nil ------------------- ---------------- --------------- Craig McGinn PDMR 17,713 Nil ------------------- ---------------- ---------------
The vesting of the Options is subject to the Board resolving that certain performance conditions relating to the Company's financial performance, total shareholder return and ESG criteria have been satisfied during the three-year period up until 31 December 2025. The Options will become exercisable in tranches between 2026 and 2028.
The notifications below provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Tim Mortlock ------------------------------------ --------------------------------- 2 Reason for notification ------------------------------------ --------------------------------- a) Position/Status PDMR - Director ------------------------------------ --------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------------ --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------ --------------------------------- a) Name Smart Metering Systems plc ------------------------------------ --------------------------------- b) LEI 213800FGOUFSDPE33S71 ------------------------------------ --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------ --------------------------------- a) Description of the financial Options under the Smart Metering instrument, type of instrument Systems L ong Term Incentive Plan, subject to performance conditions measured over the period 1 January 2023 - 31 Identification code December 2025 and focused on f inancial performance, total shareholder return and ESG criteria during the three-year period up until 31 December 2025. SMS ------------------------------------ --------------------------------- b) Nature of the transaction Award of Share Options ------------------------------------ --------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 93,635 ---------- ------------------------------------ --------------------------------- d) Aggregated information N/A * Aggregated volume * Price ------------------------------------ --------------------------------- e) Date of the transaction 14 March 2023 ------------------------------------ --------------------------------- f) Place of the transaction London Stock Exchange, AIM ------------------------------------ --------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Gail Blain ------------------------------------ ---------------------------------- 2 Reason for notification ------------------------------------ ---------------------------------- a) Position/Status PDMR - Director ------------------------------------ ---------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------------ ---------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------ ---------------------------------- a) Name Smart Metering Systems plc ------------------------------------ ---------------------------------- b) LEI 213800FGOUFSDPE33S71 ------------------------------------ ---------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------ ---------------------------------- a) Description of the financial Options under the Smart Metering instrument, type of instrument Systems L ong Term Incentive Plan, subject to performance conditions measured over the period 1 January 2023 - 31 December 2025 and focused on Identification code f inancial performance, total shareholder return and ESG criteria during the three-year period up until 31 December 2025. SMS ------------------------------------ ---------------------------------- b) Nature of the transaction Award of Share Options ------------------------------------ ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 55,351 ---------- ------------------------------------ ---------------------------------- d) Aggregated information N/A * Aggregated volume * Price ------------------------------------ ---------------------------------- e) Date of the transaction 14 March 2023 ------------------------------------ ---------------------------------- f) Place of the transaction London Stock Exchange, AIM ------------------------------------ ---------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Craig McGinn ------------------------------------ --------------------------------- 2 Reason for notification ------------------------------------ --------------------------------- a) Position/Status PDMR ------------------------------------ --------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------------ --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------ --------------------------------- a) Name Smart Metering Systems plc ------------------------------------ --------------------------------- b) LEI 213800FGOUFSDPE33S71 ------------------------------------ --------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------ --------------------------------- a) Description of the financial Options under the Smart Metering instrument, type of instrument Systems L ong Term Incentive Plan, subject to performance conditions measured over the period 1 January 2023 - 31
Identification code December 2025 and focused on f inancial performance, total shareholder return and ESG criteria during the three-year period up until 31 December 2025. SMS ------------------------------------ --------------------------------- b) Nature of the transaction Award of Share Options ------------------------------------ --------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 17,713 ---------- ------------------------------------ --------------------------------- d) Aggregated information N/A * Aggregated volume * Price ------------------------------------ --------------------------------- e) Date of the transaction 14 March 2023 ------------------------------------ --------------------------------- f) Place of the transaction London Stock Exchange, AIM ------------------------------------ ---------------------------------
For further information:
Smart Metering Systems plc 0141 249 3850 Craig McGinn, Company Secretary Cenkos Securities plc (Nomad and 0131 220 6939 / 020 7397 Joint Broker) 8900 Neil McDonald / Pete Lynch Investec Bank plc (Joint Broker) 020 7597 5970 Christopher Baird / Henry Reast RBC Capital Markets (Joint Broker) 020 7653 4000 Matthew Coakes / Evgeni Jordanov Instinctif Partners (PR Adviser) 020 7457 2020 Tim Linacre / Guy Scarborough / SMS@instinctif.com Sarah Hourahane
Notes to Editors
Smart Metering Systems plc ( www.sms-plc.com ) installs and manages smart meters, energy data, grid-scale battery storage and other carbon reduction ("CaRe") assets to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform.
Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.
SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. Since 2019, SMS has been awarded the London Stock Exchange Green Economy Mark every year.
SMS plc is headquartered in Glasgow with a national presence across several UK locations.
SMS shares are quoted on AIM.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
March 15, 2023 07:59 ET (11:59 GMT)
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