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Amendment to Form 8.3 for Smart Metering Systems plc by Kite Lake Capital Management (UK) LLP: UK Regulatory Announcement

Kite Lake Capital Management, a leading investment firm based in the UK, has made an amendment to its previous disclosure made on January 19, 2024. The change has been made to section 2(a) of the form 8.3 public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more, as per Rule 8.3 of the Takeover Code (the “Code”).

According to the amended disclosure, Kite Lake Capital Management is the full name of the discloser, and the owner or controller of interests and short positions disclosed, if different from 1(a), is not applicable. The disclosure under Rule 8.3 of the Takeover Code is aimed at providing key information about the interests and short positions held by Kite Lake Capital Management in relevant securities, representing 1% or more.

Kite Lake Capital Management (UK) LLP is committed to ensuring transparency and compliance with regulatory requirements. The firm has a strong track record of prudent and responsible investment practices, and the disclosure made under the Code is in line with its commitment to upholding the highest standards of corporate governance.

With its expertise in asset management and investment strategies, Kite Lake Capital Management is well-positioned to navigate the complexities of the financial markets and deliver value to its clients. The firm leverages its in-depth research and analysis capabilities to identify attractive investment opportunities and manage risk effectively.

As a responsible investment firm, Kite Lake Capital Management recognizes the importance of accurate and timely disclosure of its positions in relevant securities. The firm’s commitment to transparency and integrity is reflected in its adherence to the disclosure requirements under the Takeover Code, as evidenced by the recent amendment made to its public opening position disclosure/dealing disclosure.

Kite Lake Capital Management is dedicated to serving the best interests of its clients and stakeholders, and the firm’s proactive approach to compliance with regulatory requirements demonstrates its commitment to maintaining a strong culture of governance and accountability. By providing clear and comprehensive disclosures, Kite Lake Capital Management aims to build trust and confidence among its investors and the broader financial community.

The firm’s commitment to fulfilling its obligations under the Code is underscored by its principled approach to conducting business with the highest standards of ethics and professionalism. As a leading investment firm, Kite Lake Capital Management sets a benchmark for excellence in corporate governance and regulatory compliance, and its continued adherence to the disclosure requirements under Rule 8.3 of the Takeover Code reflects its unwavering commitment to transparency and accountability.

In conclusion, Kite Lake Capital Management (UK) LLP has made an amendment to its previous disclosure made on January 19, 2024, under the Code. The firm remains steadfast in its commitment to upholding the highest standards of corporate governance and regulatory compliance, and the recent amendment to its public opening position disclosure/dealing disclosure is a testament to its proactive and responsible approach to transparency.

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