15 Jul 2015 09:31
Smart Metering Systems plc
("SMS" or "the Company")
Director / PDMR Shareholding
The Company announces that Alan Foy, Chief Executive Officer of the Company, has today sold 1,109,350 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 315.5 pence per Ordinary Share. Following completion of the disposal, Mr Foy holds an interest in 7,780,608 Ordinary Shares, representing approximately 9.05 per cent of the issued share capital of the Company.
For further information:
Smart Metering Systems plc Alan Foy, Chief Executive Officer Glen Murray, Finance Director
| 0141 249 3850 |
Cenkos Securities Neil McDonald Nick Tulloch
| 0131 220 6939 / 0207 397 8900 |
Kreab Natalie Biasin Matthew Jervois | 020 7074 1800 |
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.
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: www.sms-plc.com.