Issue of Equity SCRIP Dividend

RNS Number : 2473D

Smart Metering Systems PLC

27 October 2020

 

Smart Metering Systems plc

("SMS" or "the Company")

Issue of Equity for SCRIP Dividend

Further to the announcement on 8 October 2020 which confirmed the SCRIP dividend reference price of 634.6 pence, Smart Metering Systems plc (AIM: SMS.L) announces that a total of 416 new ordinary shares of 1p each (the "New Ordinary Shares") will be issued to shareholders on 29 October 2020.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM on 29 October 2020 ("Admission"). Following Admission, the Company will have a total of 112,930,454 ordinary shares in issue carrying voting rights. This figure 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.

For further information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Head of Investor Relations
Cenkos Securities plc (Nomad and Joint Broker)	0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker)	020 7597 5970
Christopher Baird / Henry Reast
RBC Capital Markets (Joint Broker)	020 7653 4000
Matthew Coakes / Evgeni Jordanov

Instinctif Partners (PR Adviser)	020 7457 2020
Adrian Duffield / Kay Larsen / Chantal Woolcock	[e-mail]

Notes to editors

SMS plc (www.sms-plc.com) installs and manages smart meters, data and carbon reduction assets ("CaRe") to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform. As at 30 June 2020 SMS had 3.74 million meter and data assets under management.

Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.

SMS is leading the smart energy revolution and the assets deployed remain at the heart of delivering and accelerating the UK government's net zero carbon ambition. In 2019, SMS was awarded the London Stock Exchange Green Economy Mark.

SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.

SMS's shares are listed on AIM.

 

END

 

 

IOEEAKEKADLEFFA