AIM Rule 26

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The following information was last updated on 1 December 2022.

Description of the business

For a description of the business, please visit About Us.

The names of the directors and biographical details

For the names of the directors and brief biographical details of each, please visit Board of Directors.

Share price live feed

Live feed of the SMS Plc Share Index here – Provided by the London Stock Exchange Share Price

Admission Documents

View our Admission Documents here.

Other documents and announcements

Please click here for access to all documents and announcements, including results, reports and presentations.

For news releases, click here.

Directors’ Responsibilities

It is the Board’s role to ensure that the Group is managed for the long-term benefit of all of its stakeholders. We believe in effective and efficient decision making in a manner that incorporates the needs of our many stakeholders. Corporate governance is one of the important parts of the Group’s strategy and our aim of continual improvement of our processes and risk management whilst supporting the continued growth of the business is vital in the ever-evolving corporate governance regime we adhere

Corporate Governance

Read our Corporate Governance statement here.

Country of incorporation and main Country of operation

Smart Metering Systems plc (SMS plc) is registered in Scotland under Company Number SC367563 and has its registered office at 2nd Floor, 48 St Vincent Street, Glasgow, G2 5TS. SMS plc’s main area of operations is the UK.

To download our Articles of Incorporation, click here.

Major Shareholdings

Number of securities in issue

As of 1 December 2022, SMS Plc had 133,397,009 ordinary shares in issue.

Percentage of shares not in public hands

In accordance with AIM Rule 26, in so far as the company is aware as at 1 December 2022, the percentage of the Company’s issued share capital that is not in public hands is 16.06%. There are no restrictions on the transfer of securities.

Significant Shareholders

For information on significant shareholders, please visit our Major Shareholders page here.

Details of any other exchanges or trading platforms

There are no other exchanges or trading platforms on which SMS Plc securities are trading.

Takeover regulations

SMS Plc is subject to the UK City Code on Takeovers and Mergers.

Investor Contacts

Nominated Advisor and Joint Broker (Scotland)

Cenkos Securities Plc
66 Hanover Street
Edinburgh
EH2 1EL

Nominated Advisor and Joint Broker (England)

Cenkos Securities Plc
6.7.8 Tokenhouse Yard
London
EC2R 7AS

Joint Broker

Investec Bank plc
30 Gresham Street
London
EC2V 7QP

Joint Broker

RBC Capital Markets
Thames Court 1 Queenhithe
London
EC4V 3DQ

Auditors

Ernst & Young LLP
G1 Building
5 George Square
Glasgow
G2 1DY

Company Solicitor

Hogan Lovells LLP
Atlantic House
Holborn Viaduct
London
EC1A 2FG

Financial PR and Investor Relations

Instinctif Partners
65 Gresham Street
London
EC2V 7NQ

Registrars

Computershare Investor
Services Plc
The Pavilions
Bridgewater Road
Bristol
BS99 6ZZ

Board Committees

Audit Committee

The Committee is comprised of:

Graeme Bissett (Chair)
Jamie Richards (Non-Executive Director)
Miriam Greenwood (Non-Executive Director)
Ruth Leak (Non-Executive Director)
Mike Winkel (Non-Executive Director)

Audit Committee Terms of Reference

Nomination Committee

The Committee is comprised of:

Miriam Greenwood (Chair)
Jamie Richards (Non-Executive Director)
Graeme Bissett (Non-Executive Director)
Ruth Leak (Non-Executive Director)
Mike Winkel (Non-Executive Director)

Nomination Committee Terms of Reference

Remuneration Committee

The Committee is comprised of:

Jamie Richards (Chair)
Miriam Greenwood (Non-Executive Director)
Graeme Bissett (Non-Executive Director)
Ruth Leak (Non-Executive Director)
Mike Winkel (Non-Executive Director)

Remuneration Committee Terms of Reference

Information Technology Committee

The Committee is comprised of:

Ruth Leak (Chair)
Graeme Bissett (Non-Executive Director)
Jamie Richards (Non-Executive Director)
Miriam Greenwood (Non-Executive Director)
Mike Winkel (Non-Executive Director)

IT Committee Terms of Reference

Health & Sustainability Committee

The Committee is comprised of:

Miriam Greenwood (Chair)
Graeme Bissett (Non-Executive Director)
Jamie Richards (Non-Executive Director)
Ruth Leak (Non-Executive Director)
Mike Winkel (Non-Executive Director)

Health & Sustainability Committee Terms of Reference