Smart Metering Systems plc
("SMS" or "the Company")
Dividend Declaration
As previously announced, 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 paid on 29 October 2020. SMS announces it will pay a second interim cash dividend of 6.25p per share on 28 January 2021 to shareholders on the register at 8 January 2021, with an ex-dividend date of 7 January 2021.
No Scrip alternative will be offered for this second interim dividend.
The amended, provisional, dividend timetable for the remainder of FY20 is as follows:
| Instalment | Ex-dividend date | Record date | Payment date |
| 3 | 01 April 2021 | 06 April 2021 | 29 April 2021 |
| 4 | 01 July 2021 | 02 July 2021 | 29 July 2021 |
These dates are indicative and may be subject to change.
For further information:
| Smart Metering Systems plc | 0141 249 3850 |
| Alan Foy, Chief Executive Officer | |
| Dilip Kejriwal, Investor Relations
| |
| Cenkos Securities plc (Nomad and Joint Broker) | 0131 220 6939 / 020 7397 8900 |
| Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker) Christopher Baird / Henry Reast
RBC Capital Markets (Joint Broker) Matthew Coakes / Evgeni Jordanov
|
020 7597 5970
020 7653 4000 |
| 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 ("CaRe") assets to facilitate effective energy management. CaRe assets include all carbon reducing assets including energy efficiency systems, metering, lighting, battery storage, distributed generation, EV charging, data and control, etc.
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 3.74 million meter and data assets under management as of 30 June 2020. 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 1,000 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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