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Smart Metering Sys (SMS)

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Friday 13 July, 2018

Smart Metering Sys

Director/PDMR Shareholding

RNS Number : 6408U
Smart Metering Systems PLC
13 July 2018
 

Smart Metering Systems plc

("SMS" or "the Company")

Grant of Options

Smart Metering Systems plc (AIM: SMS.L) announces that pursuant to a Board approval it has, on 13 July 2018,  granted the following options over ordinary shares of 1 pence each in the Company to certain directors and PDMRs pursuant to the Smart Metering Systems Unapproved Share Option Plan established on 20 June 2011 (the "Options"):

Executive Director

Number of Options

Exercise Price

Alan Foy

500,000

700p

David Thompson

300,000

700p

 

PDMR

Number of Options

Exercise Price

Craig McGinn

300,000

700p

The vesting and exercise of the Options is subject to satisfaction of certain performance conditions relating to the Company's market capitalisation, personal objectives and health and safety criteria during the five year period up until 31 December 2022.

Enquiries:-

Smart Metering Systems plc

0141 249 3850

Craig McGinn, Company Secretary

 

 

 

 

 

Cenkos Securities plc

0131 220 6939 / 0207 397 8900

Neil McDonald

 

 

 

 

 

Kreab

020 7074 1800

Matthew Jervois

 

 

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

Alan Foy

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

Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria.

SMS

b)

Nature of the transaction

Award of Share Options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

700.00p

500000

 

d)

Aggregated information

-       Aggregated volume

-       Price

N/A Single Transaction

 

e)

Date of the transaction

13 July 2018

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

David Thompson

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

Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria.

SMS

b)

Nature of the transaction

Award of Share Options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

700.00p

300000

 

d)

Aggregated information

-       Aggregated volume

-       Price

N/A Single Transaction

 

e)

Date of the transaction

13 July 2018

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

 

 

 

Identification code

Options under the Smart Metering Systems Unapproved Share Option Plan, subject to performance conditions measured over the period 1 January 2018 - 31 December 2022 and focused on market capitalisation of the company, personal objectives and health and safety criteria.

SMS

b)

Nature of the transaction

Award of Share Options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

700.00p

300000

 

d)

Aggregated information

-       Aggregated volume

-       Price

N/A Single Transaction

 

e)

Date of the transaction

13 July 2018

f)

Place of the transaction

London Stock Exchange, AIM

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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