Smart Metering Systems PLC Interim Dividend & Posting of Scrip Circular (8869A)
October 02 2020 - 2:00AM
UK Regulatory
TIDMSMS
RNS Number : 8869A
Smart Metering Systems PLC
02 October 2020
Smart Metering Systems plc
("SMS" or "the Company")
Interim Dividend
SCRIP Dividend Circular
In the FY2020 Interim Results announcement released on 15
September 2020, it was confirmed, in line with the Board's policy,
that SMS intends to pay a 25p per share dividend in respect of
FY2020 (representing an increase of 3.6x over FY 2019), with the
first of three interim dividend instalments of 6.25p to be paid on
29 October 2020, followed by a final dividend in July 2021. As
previously announced the Company will pay this first interim
dividend to shareholders on the register at 1 October 2020, with an
ex-dividend date of 2 October 2020.
The provisional dividend timetable for the remainder of FY2020
is as follows:
Instalment Ex-dividend date Record date Payment date
2 7 January 2021 8 January 2021 28 January 2021
----------------- --------------- ----------------
3 1 April 2021 2 April 2021 29 April 2021
----------------- --------------- ----------------
4 1 July 2021 2 July 2021 29 July 2021
----------------- --------------- ----------------
SMS also confirms it has posted SCRIP dividend circulars and
mandate forms to shareholders. The circular explains the terms of
the SCRIP Dividend Scheme, details of which are available on the
Company's website at
https://www.sms-plc.com/corporate/investors/shareholder-information/scrip-dividend/
.
The SCRIP Dividend is being offered in respect of the first
interim dividend intended to be paid on 29(th) October 2020 and
allows shareholders to elect to receive ordinary shares of 1p each
in the Company ("Ordinary Shares") in lieu of a cash dividend
through participation in the Scrip Dividend Scheme.
Any shareholders entitled to the first interim dividend of
financial year 2020 who wish to participate in the SCRIP Dividend
Scheme may obtain a mandate form by contacting the Company's
Registrar, Computershare Investor Services PLC, The Pavilions,
Bridgwater Road, Bristol BS99 6ZZ. The mandate form must be
completed and returned to Computershare to arrive no later than the
close of business on 15(th) October 2020 in order for it to be
effective.
The exact number of shares which will require to be issued will
be established after 15 October 2020, being the final date for
receipt of elections to participate in the Scrip Dividend Scheme.
As previously advised, the ex-dividend date for the SCRIP dividend
is 1 October 2020, the record date is 2 October 2020 and the
payment date is 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 (Joint 0131 220 6939 / 020 7397
Broker and Nomad) 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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DIVKKDBBBBDBPKK
(END) Dow Jones Newswires
October 02, 2020 02:00 ET (06:00 GMT)
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
From Aug 2023 to Aug 2024