Smart Metering Sys - Director/PDMR Shareholding
15/03/2023 11:59
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RNS Number : 0887T Smart Metering Systems PLC 15 March 2023
Smart Metering Systems plc
("SMS" or "the Company")
Grant of Options and PDMR Dealing
As required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse,
Smart Metering Systems plc (AIM: SMS.L) announces that pursuant to a Board
approval it has, on 14 March 2023, granted the following options over ordinary
shares of 1 pence each in the Company ("Ordinary Shares") to certain directors
and PDMRs under the Smart Metering Systems Long Term Incentive Plan
established on 19 May 2022 (the "Options"):
Name Position Number of LTIP Options Exercise Price
Tim Mortlock Executive Director 93,635 Nil
Gail Blain Executive Director 55,351 Nil
Craig McGinn PDMR 17,713 Nil
The vesting of the Options is subject to the Board resolving that certain
performance conditions relating to the Company's financial performance, total
shareholder return and ESG criteria have been satisfied during the three-year
period up until 31 December 2025. The Options will become exercisable in
tranches between 2026 and 2028.
The notifications below provide 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 Options under the Smart Metering Systems Long Term Incentive Plan, subject to
performance conditions measured over the period 1 January 2023 - 31 December
2025 and focused on financial performance, total shareholder return and ESG
criteria during the three-year period up until 31 December 2025.
SMS
Identification code
b) Nature of the transaction Award of Share Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 93,635
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 March 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 March 2023
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Gail Blain
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 Options under the Smart Metering Systems Long Term Incentive Plan, subject to
performance conditions measured over the period 1 January 2023 - 31 December
2025 and focused on financial performance, total shareholder return and ESG
criteria during the three-year period up until 31 December 2025.
SMS
Identification code
b) Nature of the transaction Award of Share Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 55,351
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 March 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 March 2023
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Craig McGinn
2 Reason for notification
a) Position/Status PDMR
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 Options under the Smart Metering Systems Long Term Incentive Plan, subject to
performance conditions measured over the period 1 January 2023 - 31 December
2025 and focused on financial performance, total shareholder return and ESG
criteria during the three-year period up until 31 December 2025.
SMS
Identification code
b) Nature of the transaction Award of Share Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,713
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 14 March 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
14 March 2023
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
(https://www.londonstockexchange.com/www.sms-plc.com) ) installs and manages
smart meters, energy data, grid-scale battery storage and other carbon
reduction ("CaRe") assets 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. Since
2019, SMS has been awarded the London Stock Exchange Green Economy Mark every
year.
SMS plc is headquartered in Glasgow with a national presence across several UK
locations.
SMS shares are quoted on AIM.
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