Smart Metering Sys - Director/PDMR Shareholding
14/10/2022 10:39
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RNS Number : 9506C Smart Metering Systems PLC 14 October 2022
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) announces that on 13 October 2022
certain Directors dealt in Ordinary Shares of one penny each ("Ordinary
Shares") and that pursuant to Board approval it has, on 13 October 2022,
granted the options detailed below over ordinary shares of 1 pence each in the
Company to Tim Mortlock, CEO under the Smart Metering Systems Long Term
Incentive Plan established on 19 May 2022 (the "Options"):-
Name Date of Transaction(s) Number of shares Price
Tim Mortlock 13/10/2022 1. Purchase of 14,058 Shares 711.39p
2. Acceptance of 90,733 Options Nil
Miriam Greenwood 13/10/2022 Purchase of 3570 Shares 702p
Gavin Urwin 13/10/2022 Purchase of 2153 Shares 695.5p
Ruth Leak 13/10/2022 Purchase of 2825 Shares 707.69p
Following these transactions (i) Miriam Greenwood has an interest in 29,031
Ordinary Shares, representing 0.021% of the issued share capital of the
Company (ii) Tim Mortlock has an interest in 35,260 Ordinary Shares,
representing 0.026% of the issued share capital of the Company (iii) Gavin
Urwin has an interest in 4,375 Ordinary Shares, representing 0.003% of the
issued share capital of the Company and (iv) Ruth Leak has an interest in 2825
Ordinary Shares, representing 0.002% of the issued share capital of the
Company.
The vesting and exercise of the Options is subject to satisfaction of certain
performance conditions relating to the Company's financial performance, total
shareholder return and ESG criteria during the three-year period up until 31
December 2024. The Options will become exercisable in tranches between 2025
and 2027.
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 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 instrument, type of instrument 1. 14058 Ordinary Shares of 1 pence
2. Options under the Smart Metering Systems Long Term Incentive Plan,
subject to performance conditions measured over the period 1 January 2022 - 31
December 2024 and focused on financial performance, total shareholder return
and ESG criteria during the three-year period up until 31 December 2024.
SMS
Identification code
b) Nature of the transaction 1. Purchase
2. Award of Share Options
c) Price(s) and volume(s) Price(s) Volume(s)
1. 711.39p 14,058
2. Nil 90,733
d) Aggregated information
- Aggregated volume
- Price n/a
e) Date of the transaction 13 October 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
13 October 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Miriam Greenwood
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 instrument, type of instrument ordinary shares of 1 pence
Identification code
SMS
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s) Price(s) Volume(s)
702p 3570
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 13 October 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Gavin Urwin
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 instrument, type of instrument ordinary shares of 1 pence
Identification code
SMS
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s) Price(s) Volume(s)
695.5p 2153
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 13 October 2022
f) Place of the transaction London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Ruth Leak
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 instrument, type of instrument ordinary shares of 1 pence
Identification code
SMS
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s) Price(s) Volume(s)
707.69p 2825
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 13 October 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
13 October 2022
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely
associated
a)
Name
Gavin Urwin
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 instrument, type of instrument
Identification code
ordinary shares of 1 pence
SMS
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
695.5p 2153
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
13 October 2022
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely
associated
a)
Name
Ruth Leak
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 instrument, type of instrument
Identification code
ordinary shares of 1 pence
SMS
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
707.69p 2825
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
13 October 2022
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 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
Tim Linacre / Guy Scarborough / Sarah Hourahane SMS@instinctif.com
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) installs and manages smart
meters, energy data, grid scale batteries and other 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.
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. In 2019,
SMS was also 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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