Smart Metering Systems PLC Scrip Dividend Reference Price (5550B)
October 08 2020 - 9:25AM
UK Regulatory
TIDMSMS
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 +44 (0)370 707 1048.
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 0131 220 6939 / 020 7397
and Joint Broker) 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 / SMS@instinctif.com
Chantal Woolcock
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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END
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