Smart Metering Systems PLC Interim Dividend & Posting of Scrip Replacement (9333A)

TIDMSMS

RNS Number : 9333A

Smart Metering Systems PLC

02 October 2020

Smart Metering Systems plc

("SMS" or "the Company")

Interim Dividend

SCRIP Dividend Circular - Replacement

GENERAL TEXT AMENDMENT

The following amendment(s) has (have) been made to the 'Interim Dividend & Posting of Scrip Circular' announcement released on 2 October 2020 at 07 . 00 under RNS No 8869A

An incorrect date was included in the first paragraph .

All other details remain unchanged.

The full amended text is shown below.

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 FY 2020 (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. As previously announced the Company will pay this first interim dividend to shareholders on the register at 2 October 2020, with an ex-dividend date of 1 October 2020.

The provisional dividend timetable for the remainder of FY 2020 will be 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. As previously announced

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.

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