Smart Metering Systems PLC Issue of Equity (2334D)
27 October 2020 - 1:50AM
UK Regulatory
TIDMSMS
RNS Number : 2334D
Smart Metering Systems PLC
26 October 2020
Smart Metering Systems plc
("SMS" or "the Company")
Issue of Equity
Smart Metering Systems plc (AIM: SMS.L) confirms that it has
issued a total of 83,148 ordinary shares of 1p each (the "New
Ordinary Shares") pursuant to the exercise of employee share
options under the Approved and Unapproved Company Share Option
Plan. The New Ordinary Shares have been admitted to trading on AIM
under the block listing facility announced on 27 May 2015.
Following this issue, the Company has 112,930,038 ordinary
shares in issue. SMS does not currently hold any shares in
treasury. Accordingly, this figure of 112,930,038 ordinary shares
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Head of Investor
Relations
Cenkos Securities plc (Nomad and 0131 220 6939 / 020 7397
Joint Broker) 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
Adrian Duffield / Kay Larsen / SMS@instinctif.com
Chantal Woolcock
Notes to editors
SMS plc (www.sms-plc.com) installs and manages smart meters,
data and 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. As at
30 June 2020 SMS had 3.74 million meter and data assets under
management.
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 smart energy revolution and the assets
deployed remain at the heart of delivering and accelerating the UK
government's net zero carbon ambition. In 2019, SMS was 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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END
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