Smart Metering Systems PLC Results of General Meeting (9209Z)
December 20 2017 - 4:10AM
UK Regulatory
TIDMSMS
RNS Number : 9209Z
Smart Metering Systems PLC
20 December 2017
For Immediate Release
THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.
20 December 2017
Smart Metering Systems plc
Results of General Meeting
Smart Metering Systems plc (AIM: SMS.L) ("SMS" or the "Company")
is pleased to announce that all resolutions put to shareholders at
the General Meeting of the Company held earlier today were duly
passed.
As a result, the Company will issue 21,739,131 new ordinary
shares of 1p each (the "Placing Shares"). The Placing Shares will
be issued credited as fully paid and will rank pari passu in all
respects with the Company's existing Ordinary Shares.
Application has been made to the London Stock Exchange for the
Placing Shares to be admitted to trading on AIM. It is expected
that Admission will become effective and that trading will commence
at 8.00 a.m. on 22 December 2017.
Capitalised terms not otherwise defined in the text of this
Announcement have the meanings given in the Company's announcement
regarding the proposed Placing released on 24 November 2017.
Alan Foy, CEO of SMS commented: "This successful placing,
raising gross proceeds of GBP150 million for the Company, will
assist with the financing of our plans to continue with the
domestic smart metering rollout programme across the UK. We have
broadened the institutional shareholder base of the Company and I
would like to welcome new shareholders and thank existing
shareholders for their support. We look forward to updating all
shareholders on the Company's performance at the time of our final
results, to be announced in March 2018."
For further information, please contact:
Smart Metering Systems
plc +44 (0) 141 249 3850
Alan Foy, CEO
David Thompson, CFO
Craig McGinn, Company
Secretary
+44 (0) 131 220 6939 /
Cenkos Securities PLC +44 (0) 207 397 8900
Nominated Adviser, Broker
and Joint Bookrunner
Iain Macarthur / Neil
McDonald
Barclays Bank PLC +44 (0) 20 7623 2323
Joint Bookrunner
Neal West / Eddie Siow
/ Phil Drake
Macquarie Capital (Europe)
Limited +44 (0) 20 3037 2000
Joint Bookrunner
Ben Bailey / Alex Reynolds
/ Nick Stamp
Rothschild: +44 (0) 20 7280 5000
Financial Adviser
Emmet Walsh / Peter Nicklin
/ Jonathan Finn / Yuri
Shakhmin
Kreab +44 (0) 20 7074 1800
Matthew Jervois / Daniel
Holgersson
About Smart Metering Systems plc
With its business established in 1995, Smart Metering Systems
plc, headquartered in Glasgow, connects, owns and operates gas and
electricity meters on behalf of major energy companies. The
Company's full end to end energy management services and
consultancy business support large blue chip companies in the UK,
through a network of offices in Bolton, Cambridge, Cardiff,
Doncaster, Livingston, Normanton and Rugby.
The Company's services also include infrastructure design,
installation, consultancy and project management services for new
gas, electricity, water and telecoms connections for licenced
energy and telecoms suppliers, end consumers and the UK's licenced
electricity Distribution Network Owners (DNO's).
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.
IMPORTANT NOTICES
This Announcement and the information contained in it is
restricted and is not for publication, release or distribution, in
whole or in part, directly or indirectly, in, into or from the
United States, Australia, Canada, South Africa or Japan or any
other state or jurisdiction in which publication, release or
distribution would be unlawful, restricted or unauthorised (each a
"Restricted Territory"). This Announcement is for information
purposes only and does not constitute an offer to sell or issue, or
the solicitation of an offer to buy, acquire or subscribe for
shares in the capital of the Company in any Restricted Territory or
any other state or jurisdiction in which such offer or solicitation
is not authorised or to any person to whom it is unlawful to make
such offer or solicitation. The securities referred to in this
Anouncement have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"), or with any securities regulatory authority of any state or
other jurisdiction of the United States and may not be offered,
sold, taken up, resold, transferred or delivered, directly or
indirectly, in, into or within the United States except pursuant to
registration under the Securities Act or an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable securities
laws of any state or other jurisdiction of the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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