24 Dec 2014 10:56
Smart Metering Systems plc
("SMS" or "the Company")
Director / PDMR Shareholding
Smart Metering Systems plc (AIM: SMS.L) confirms that, on 23 December 2014, Glen Murray, Finance Director of the Company, exercised options under the SMS Company Share Option Plan 2011 in respect of 3,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of £0.76 per Ordinary Share. The Ordinary Shares acquired pursuant to the exercise were subsequently sold a price of £3.65 and, following this disposal, Mr Murray holds no interest in the issued share capital of the Company.
The Company confirms that it issued a total of 42,434 Ordinary Shares (the "New Ordinary Shares") during December pursuant to the exercise of employee share options under the Approved Company Share Option Plan. The New Ordinary Shares have been admitted to trading on AIM under the block listing facility announced on 6 August 2014.
Following the issue of the New Ordinary Shares, the Company has 85,575,452 Ordinary Shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 85,575,452 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further Information:
Smart Metering Systems plc | 0141 249 3850 |
Alan Foy, Chief Executive Officer |
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Glen Murray, Finance Director |
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Cenkos Securities plc | 0131 220 6939 / 0207 397 8900 |
Neil McDonald |
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Nick Tulloch |
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Kreab Gavin Anderson | 020 7074 1800 |
Chris Philipsborn |
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Natalie Biasin |
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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.
The Company was admitted to the AiM market in July 2011 and is now part of the FTSE AiM 50 index, for more information on SMS please visit the Company's website: www.sms-plc.com