REG-Qube Research & Technologies LTD Form 8.3 - SMART METERING SYSTEMS PLC

Smart Metering SystemsAnnouncement

25/03/2024 13:30

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Form 8.3 - SMART METERING SYSTEMS PLC

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION
 (a) Full name of discloser:                                                      Qube Research & Technologies Limited      
 (b) Owner or controller of interests and short positions disclosed, if                                                     
 different from 1(a):                                                                                                       
 
                                                                                                                          
 
The naming of nominee or vehicle companies is insufficient. For a trust, the                                              
 trustee(s), settlor and beneficiaries must be named.                                                                       
 (c) Name of offeror/offeree in relation to whose relevant securities this form   Smart Metering Systems plc                
 relates:                                                                                                                   
 
                                                                                                                          
 
Use a separate form for each offeror/offeree                                                                              
 (d) If an exempt fund manager connected with an offeror/offeree, state this                                                
 and specify identity of offeror/offeree:                                                                                   
 (e) Date position held/dealing undertaken:                                       22-03-2024                                
 
                                                                                                                          
 
For an opening position disclosure, state the latest practicable date prior to                                            
 the disclosure                                                                                                             
 (f) In addition to the company in 1(c) above, is the discloser making            N/A                                       
 disclosures in respect of any other party to the offer?                                                                    
 
                                                                                                                          
 
If it is a cash offer or possible cash offer, state “N/A”                                                                 


2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

(a) Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)
 Class of relevant security:                                          1p ordinary share                     
 
                                                                                                          
 
                                                                                                          
                                                                      Interests         Short positions     
 
                                                                                                          
 
                                                                                                          
                                                                      Number     %      Number    %         
 (1) Relevant securities owned and/or controlled:                     0          0      0         0         
 (2) Cash-settled derivatives:                                        1,886,055  1.41   0         0         
 
                                                                                                          
 
                                                                                                          
 (3) Stock-settled derivatives (including options) and agreements to  0          0      0         0         
 purchase/sell:                                                                                             
                                                                      1,886,055  1.41   0         0         
 
                                                                                                          
 
TOTAL:                                                                                                    


All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other
employee options)
 Class of relevant security in relation to which subscription right exists:   0  
 Details, including nature of the rights concerned and relevant percentages:  0  


3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales
 Class of relevant security  Purchase/sale  Number of securities  Price per unit  
                             
                                                    
                             
                                                    


(b) Cash-settled derivative transactions
 Class of relevant security  Product description  Nature of dealing                                                              Number of securities  Exercise price per unit  
                             
                    
                                                                                                                             
                             
e.g. call option    
e.g. opening/closing a long/short position, increasing/reducing a long/short                                                 
                                                  position                                                                                                                      
 1p ordinary share           Equity swap          increasing a long position                                                     3                     952.00                   
 1p ordinary share           Equity swap          increasing a long position                                                     15                    952.00                   


(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying
 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit  
                                                                                                                                                                                      
                                                                                 
                                                                                                                                                                                      
e.g. American, European etc.                                                     


(ii) Exercise
 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit  
                             
                                                                                                  
                             
e.g. call option                                                                                  
 0                           0                    0                              0                                              
                                                                                                       
                        
                                                                                                       
0                       


(d) Other dealings (including subscribing for new securities)
 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)  
                             
                                                                        
                             
e.g. subscription, conversion                                           
 0                                                           0        0                               
                             
                                                                        
                             
0                                                                       


4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements
 Details of any indemnity or option arrangement, or any agreement or              
 understanding, formal or informal, relating to relevant securities which may     
 be an inducement to deal or refrain from dealing entered into by the person      
 making the disclosure and any party to the offer or any person acting in         
 concert with a party to the offer:                                               
 
                                                                                
 
Irrevocable commitments and letters of intent should not be included. If there  
 are no such agreements, arrangements or understandings, state “none”             
                                                                                  
 
                                                                                
 
None                                                                            
 
                                                                                
 
                                                                                


(b) Agreements, arrangements or understandings relating to options or
derivatives
 Details of any agreement, arrangement or understanding, formal or informal,  
 between the person making the disclosure and any other person relating to:   
 
                                                                            
 
(i) the voting rights of any relevant securities under any option; or       
 
                                                                            
 
(ii) the voting rights or future acquisition or disposal of any relevant    
 securities to which any derivative is referenced:                            
 
                                                                            
 
If there are no such agreements, arrangements or understandings, state      
 “none”                                                                       
                                                                              
 
                                                                            
 
None                                                                        
 
                                                                            
 
                                                                            


(c) Attachments
 Is a Supplemental Form 8 (Open Positions) attached?  NO  

 Date of disclosure:  25-03-2024      
 Contact name:        Stuart Brown    
 Telephone number:    00442070722969  


Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

The Panel’s Market Surveillance Unit is available for consultation in
relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The
Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=53914584&newsitemid=20240325556903&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=528ee715d429f1a2d9cbcd6c25b416bd)
.



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