Scrip Dividend Reference Price

RNS Number : 5550B

Smart Metering Systems PLC

08 October 2020

 

Smart Metering Systems plc

("SMS" or "the Company")

Scrip Dividend Reference Price

Further to the announcement on 2 October 2020 regarding the payment of a first interim dividend in respect of FY2020 of 6.25p per share and the posting of a circular detailing the terms of the optional scrip dividend scheme (the "Scheme"), the Company announces that the scrip dividend reference price for the ordinary shares to be issued to shareholders under the Scheme is 634.6 pence. 

This reference price is calculated as the average mid-market price of an ordinary share for the five dealing days commencing 1 October 2020.

The terms and conditions of the Scheme are available on the Company's website at  https://www.sms-plc.com/corporate/investors/shareholder-information/scrip-dividend/  and from Computershare [phone].

A further announcement will be made in due course to confirm the exact number of new ordinary shares to be issued pursuant to the Scheme and an application will be made for these shares to be admitted to trading on AIM on 29 October 2020.

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.

 

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