Smart Metering Systems PLC Director/PDMR Shareholding (0308F)

TIDMSMS

RNS Number : 0308F

Smart Metering Systems PLC

11 November 2020

Smart Metering Systems plc

("SMS" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY/PERSONS CLOSELY ASSOCIATED

As required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse, Smart Metering Systems plc (AIM: SMS.L) announces that on 10(th) November 2020 Graeme Bissett, a Director, purchased Ordinary Shares of one penny each ("Ordinary Shares") as follows:-

 
      Name        Date of Purchase   Number of Ordinary   Purchase Price 
                                      Shares purchased 
 Graeme Bissett   10/11/2020         7000                 578.50 pence 
                 -----------------  -------------------  --------------- 
 

Following this transaction, Graeme Bissett has an interest in 15,316 Ordinary Shares, representing 0.014% of the issued share capital of the Company.

The notification below provides 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                                  Graeme Bissett 
     ------------------------------------  -------------------------------- 
 2    Reason for notification 
     ------------------------------------  -------------------------------- 
 a)   Position/Status                       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          7000 ordinary shares of 1 pence 
       instrument, type of instrument        SMS 
 
       Identification code 
     ------------------------------------  -------------------------------- 
 b)   Nature of the transaction             Purchase of shares 
     ------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)    Volume(s) 
                                              578.50 
                                               p          7000 
                                                         ---------- 
     ------------------------------------  -------------------------------- 
 d)        Aggregated information           7000 ordinary shares at 578.50 
             *    Aggregated volume          pence 
 
 
             *    Price 
     ------------------------------------  -------------------------------- 
 e)   Date of the transaction               10 November 2020 
     ------------------------------------  -------------------------------- 
 f)   Place of the transaction              London Stock Exchange, AIM 
     ------------------------------------  -------------------------------- 
 

For further information:

 
  Smart Metering Systems plc                                    0141 249 3850 
  Alan Foy, Chief Executive Officer 
  Dilip Kejriwal, Head of Investor Relations 
 
  Cenkos Securities plc (Nomad and Joint 
   Broker)                                      0131 220 6939 / 020 7397 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 
  Adrian Duffield / Kay Larsen        [e-mail] 
   / Chantal Woolcock 
 

Notes to editors

SMS plc (www.sms-plc.com) installs and manages smart meters, data and carbon reduction assets ("CaRe") to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform. As at 30 June 2020 SMS had 3.74 million meter and data assets under management.

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 smart energy revolution and the assets deployed remain at the heart of delivering and accelerating the UK government's net zero carbon ambition. In 2019, SMS was awarded the London Stock Exchange Green Economy Mark.

SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.

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November 11, 2020 10:58 ET (15:58 GMT)