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RNS Number : 2132U

Smart Metering Systems PLC

01 April 2021

Smart Metering Systems plc

Board changes

Smart Metering Systems plc (AIM: "SMS", the "Group"), which installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management, confirms that as previously announced, David Thompson, CFO left the Group on 31 March 2021 to pursue another opportunity.

Gavin Urwin, who joined the Group in February 2021 as CFO Designate has been appointed Chief Financial Officer and joins the Board of SMS as an Executive Director with effect from 31 March 2021.

Gavin is an experienced CFO with a proven track record working across multiple sectors including professional services, support services, FMCG and retail. He has previously worked at M&Co, William Grant & Sons, Aggreko plc and KPMG. He is a member of the Institute of Chartered Accountants of Scotland and has a B. Acc (Hons) from the University of Glasgow.

Miriam Greenwood, Chairman, commented:

"The Board is delighted to welcome Gavin to the Board as our new Chief Financial Officer. We look forward to working with him in delivering the strategic vision of and growth in the Group.

I would, on behalf of the Board, also like to wish David every success in his new role and thank him for his contribution to SMS."

For further information:

 
 Smart Metering Systems plc                          0141 249 3850 
 Alan Foy, Chief Executive Officer 
 Dilip Kejriwal, Investor Relations 
 
 Cenkos Securities plc (Joint Broker      0131 220 6939 / 020 7397 
  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                            sms@instinctif.com 
 Kay Larsen / Sarah Hourahane / Hannah 
  Campbell

Other Information

In relation to the appointment of Mr Urwin, the Company confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies save as disclosed below:

 
 Full Name:                             Gavin Urwin 
 
 Age:                                   44 
 
 Current Directorships/Partnerships:    Meridian Realisations Limited 
                                         (In administration) (formerly 
                                         Mackays Stores Limited 
 
 Directorships/Partnerships in          B.R & G.J Twitchett Limited 
  preceding 5 years:                     G.E. Worthington Limited 
                                         Glenfinglas Hydro Ltd 
                                         Janpro Limited 
                                         Laroque Limited 
                                         M.E.G Glenkiln Limited 
                                         M.E.G Renewables Limited 
                                         Mackays Group Trustees Limited 
                                         Mackays Stores (Holdings) Limited 
                                         Mackays Stores Group Limited 
                                         William McIlroy Swindon Limited

Notes to Editors

Smart Metering Systems 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.

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 low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. In 2019, SMS was also 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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April 01, 2021 02:00 ET (06:00 GMT)

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