Smart Metering Systems PLC Dividend Declaration and Issue of Equity (9734V)
April 12 2019 - 1:00AM
UK Regulatory
TIDMSMS
RNS Number : 9734V
Smart Metering Systems PLC
12 April 2019
Smart Metering Systems plc
("SMS" or "the Company")
Dividend Declaration and Issue of Equity
Dividend Declaration
Smart Metering Systems plc (AIM: SMS.L) is pleased to confirm a
proposed final cash dividend in respect of the year ended 31
December 2018 of 3.98p per ordinary share (2017: 3.46p), payable on
6 June 2019 to shareholders on the Company's Register of Members as
at the close of business on 26 April 2019. The ex--dividend date
will be 25 April 2019.
This final dividend, together with the interim dividend of 2.00p
per ordinary share (2017: 1.74p) paid on 23 November 2018, makes a
total dividend of 5.98p per ordinary share for the 2018 financial
year (2017: 5.20p).
Issue of Equity
On 21 March 2016, the Company announced the acquisition of the
entire issue share capital of CH4 Gas Utility and Maintenance
Services Limited (the "Acquisition"). Pursuant to the Share
Purchase Agreement entered into between the Company and Metering 1
Limited, Bevan Butcher, David Catley and Andrew Clarke (together,
the "Vendors") in respect of the Acquisition (the "SPA"), the
Company has issued a total of 137,553 ordinary shares of 1p each in
SMS (the "New Ordinary Shares") to certain of these Vendors in
satisfaction of certain performance criteria over the three years
from the date of completion of the Acquisition at a price of
602.80p per New Ordinary Share.
Application has been made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM. It is
expected that admission to AIM of the New Ordinary Shares will
become effective and that dealings will commence on 16 April
2019.
The Company has 112,685,603 ordinary shares in issue. SMS does
not currently hold any shares in treasury. Accordingly, this figure
of 112,685,603 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.
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
------------------------------
David Thompson, Chief Financial
Officer
------------------------------
Dilip Kejriwal, Head of Investor
Relations
------------------------------
Cenkos Securities plc 0131 220 6939 / 0207 397 8900
------------------------------
Neil McDonald
------------------------------
Beth McKiernan
------------------------------
Kreab 020 7074 1800
------------------------------
Matthew Jervois
------------------------------
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc, headquartered
in Glasgow, installs, owns, operates and maintains gas and
electricity meters on behalf of major energy companies in the UK
energy and utilities market.
The SMS Asset Management business delivers long term stable
income from ownership of over 3.1 million utility metering
assets.
The SMS Asset Installation business installs gas and electricity
meter assets for the Meter Asset Management business through
engineering workforce across the UK.
The SMS Energy Management business provides energy management
and consultancy services to support large blue-chip companies in
the UK, through a network of offices across the UK.
The energy management and asset installation services also
include infrastructure design, installation, consultancy and
project management services for new gas, electricity, water and
telecoms connections for licensed energy and telecoms suppliers,
end consumers and the UK's licensed electricity Distribution
Network Owners (DNO's).
The Company was quoted on AIM in July 2011 and is now part of
the FTSE AIM 50 index. For more information on SMS please visit the
Company's website: www.sms-plc.com.
About DCC (Data Communications Company)
DCC is leading the design, build, test and integration of the
data and communications infrastructure to connect with the business
systems of energy.
Smart DCC Ltd (DCC) operates under the Smart Meter Communication
Licence which was granted by the Department of Business, Energy and
Industrial Strategy (BEIS) and is regulated by Ofgem.
Smart Metering Systems plc is listed on the AIM market of the
London Stock Exchange (SMS)
Registered Office: 48 St. Vincent Street, Glasgow G2 5TS
Registered in Scotland number: SC367563
Legal Entity Identifier number: 213800FGOUFSDPE33S71
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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