Director/PDMR Shareholding

RNS Number : 2399R

Smart Metering Systems PLC

09 September 2014

 



Smart Metering Systems plc

("SMS" or the "Company")

Director / PDMR Shareholding

Smart Metering Systems plc (AIM: SMS.L) confirms that it was notified on 9 September 2014 of dealings in the ordinary shares of the Company ("Ordinary Shares") on that date by certain of its non-executive directors.

Mrs SL Dollman, the wife of Paul Dollman, Chairman of SMS, purchased 10,000 ordinary shares in the Company at a price of 377 pence per Ordinary Share. Following this transaction, Mr Dollman is interested in a total of 10,000 Ordinary Shares, representing approximately 0.01 per cent. of the existing issued share capital of the Company.

Miriam Greenwood, Non-Executive Director of the SMS, purchase 10,000 ordinary shares in the Company at a price of 372.5 pence per Ordinary Share. Following this transaction, Ms Greenwood is interested in a total of 10,000 Ordinary Shares, representing approximately 0.01 per cent. of the existing issued share capital of the Company.

For further information please contact:

Smart Metering Systems plc Alan Foy, Chief Executive Officer Glen Murray, Finance Director	0141 249 3850
Cenkos Securities Neil McDonald Beth McKiernan	0131 220 6939 / 0207 397 8900
Kreab Gavin Anderson Natalie Biasin Matthew Jervois	020 7074 1800

Notes to editors

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc, based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies.

Currently the Company is concentrating its efforts on offering its unique integrated services to the UK industrial and commercial gas market in which its customers have an 80% market share.

The Company has further applications for gas with its ADM™ device which allows "smart" functions such as remote reading and half-hourly consumption data to be offered to customers in addition to the normal metering services.

SMS expanded its services into the electricity market through the acquisition of Utility Partnership Limited in April 2014. The Company can now provide a fully integrated service from beginning to end to cover the installation of a gas/electricity supply/connection to the procurement, installation and management of a gas or electricity meter asset to the collection and management of customer data and ongoing energy management services. Longer term the Company also has additional applications for water and LPG.

The Company was admitted to the AIM market in July 2011 and is now part of the FTSE AIM 50 index. For more information on SMS please visit the Company's website: www.sms-plc.com.

 

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