Smart Metering Systems plc (AIM: SMS.L) confirms that, on 23 December 2014, Glen Murray, Finance Director of the Company, exercised options under the SMS Company Share Option Plan 2011 in respect of 3,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of £0.76 per Ordinary Share. The Ordinary Shares acquired pursuant to the exercise were subsequently sold a price of £3.65 and, following this disposal, Mr Murray holds no interest in the issued share capital of the Company.
The Company confirms that it issued a total of 42,434 Ordinary Shares (the "New Ordinary Shares") during December pursuant to the exercise of employee share options under the Approved Company Share Option Plan. The New Ordinary Shares have been admitted to trading on AIM under the block listing facility announced on 6 August 2014.
Following the issue of the New Ordinary Shares, the Company has 85,575,452 Ordinary Shares in issue. SMS does not currently hold any shares in treasury. Accordingly, this figure of 85,575,452 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.