Smart Metering Systems PLC TR-1: Notification of Major Interest in Shares (4518S)
21 December 2016 - 7:14PM
UK Regulatory
TIDMSMS
RNS Number : 4518S
Smart Metering Systems PLC
21 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Smart Metering Systems
the underlying issuer Plc
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- -----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights X
------------------------------------------------------------ ----------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------ ----------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------ ----------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------ ----------------------------------
Other (please
specify):
---------------------------------------------------------- ----------------------------------
3. Full name of person(s) Abdiel Capital Management,
subject to the LLC
notification obligation: Abdiel Capital Advisors, LP
(iii)
----------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) Abdiel Qualified Master Fund,
(if different from 3.):(iv) LP holds 4,314,133 of the
shares in Smart Metering Systems
PLC.
Abdiel Capital, LP holds 219,987
of the shares in Smart Metering
Systems PLC.
----------------------------------------------------------- -----------------------------------
5. Date of the transaction 16 December 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------------
6. Date on which issuer 20 December 2016
notified:
----------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5%
----------------------------------------------------------- -----------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction <3%
if possible
using
the ISIN
CODE
------------- ---------------------------------- -------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
------------- ---------------- ---------------- -------------- ------------------------ -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- --------- ------------- ------------ -----------
ORDINARY
SHARES
ISIN:
GB00B4X1RC86 4,349,889 4,534,120 5.07%
---------------- ---------------- -------------- --------- ------------- ------------ -----------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- -------------------------------- -------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- -------------- -------------- ---------------- -------------------------- -----------------------
Nominal Delta
--------------- -------------- -------------- ---------------- -------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
4,534,120 5.07%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------------
Proxy Voting:
------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- ---------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- ---------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- ---------------------------------
Abdiel Capital Advisors,
13. Additional information: LP acts as an investment
manager for Abdiel Qualified
Master Fund, LP and Abdiel
Capital, LP. Abdiel Capital
Management, LLC is the general
partner of Abdiel Qualified
Master Fund, LP and Abdiel
Capital, LP.
Abdiel Qualified Master Fund,
LP beneficially holds 4,314,133
of the shares in Smart Metering
Systems PLC described above.
Abdiel Capital, LP beneficially
holds 219,987 of the shares
in Smart Metering Systems
PLC described above.
In each case, these shares
are held by JPMorgan Chase
Bank London Branch as custodian
and nominee.
------------------------------------------------------------- ---------------------------------
14. Contact name: Peter Snedeker
------------------------------------------------------------- ---------------------------------
15. Contact telephone number: +001 646 496 9203
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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