Source - RNS
RNS Number : 6586I
Smart Metering Systems PLC
03 April 2020
 

Smart Metering Systems plc

("SMS" or "the Company")

FY2019 Final Dividend to change to a Second Interim Dividend

 

In the FY2019 Final Results announcement released on 17 March 2020, the Company announced that t he Directors were recommending a final dividend of 4.58p per share (2018: 3.98p), bringing the total dividend per share payable in respect of the year to 6.88p per share (2018: 5.98p), an increase of 15%, with the proposed final dividend to be paid on 4 June 2020 to shareholders on the register at 24 April 2020, with an ex-dividend date of 23 April 2020.

 

In light of the exceptional and continuing Global issues with Covid-19 and the UK Government's guidance in relation to the banning of gatherings and social distancing practice, the Board considers it prudent to plan to delay holding SMS's AGM until the second half of June 2020, with the precise date to be announced in due course.

 

As a result, instead of proposing a Final Dividend at the forthcoming AGM SMS announces it will pay a second interim cash dividend to shareholders of 4.58p per share. Accordingly, the total dividends proposed in respect of FY2019 remain unchanged at 6.88p per share. The second interim dividend will be paid on 4 June 2020 to shareholders on the register at 24 April 2020, with an ex-dividend date of 23 April 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




  Instinctif Partners

020 7457 2077

  Adrian Duffield / Kay Larsen / Chantal Woolcock


 

Notes to editors

 

SMS plc (www.sms-plc.com) installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management. Established in 1995, SMS provides a full end-to-end service for metering financing, installation, management and maintenance, with a highly skilled workforce and deep engineering expertise.

 

SMS had 3.73 million meter and data assets under management as of 31 December 2019. SMS's smart meter expertise also enables the Company to provide consultancy services that allow organisations and corporates to enhance long term efficiency and effectiveness in the management of energy.

 

SMS's 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 (DNOs).

 

SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.

 

SMS plc is headquartered in Glasgow with 12 locations across the UK.

 

SMS's shares are listed on AIM.

 


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