Smart Metering Systems PLC Board Changes (3521O)

TIDMSMS

RNS Number : 3521O

Smart Metering Systems PLC

08 February 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, announces that David Thompson, CFO, will leave the Group on 31 March 2021 to pursue another opportunity and that Gavin Urwin has today joined the Group as CFO-Designate.

David will remain at the Group and as CFO until 31 March 2021, finalising the preparation of the audited full year 2020 results (due to be announced on 16 March 2021) and with a handover period with Gavin.

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 and KPMG. He is a member of the Institute of Chartered Accountants of Scotland and has a BA (Hons) from the University of Glasgow.

Miriam Greenwood, Chairman, commented:

"I would like to place on record the Board's thanks for David's contributions to the Group. When he leaves SMS it will be with our best wishes for the next stage of his career.

Having conducted a thorough search process, the Board is delighted that Gavin has agreed to join the Group. He will take over as CFO when David leaves SMS. Gavin is well placed to assist the Group in its future development and we look forward to his significant contribution going forwards."

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

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 
  and Nomad)                                                              7397 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                                             [e-mail] 
 Kay Larsen / Sarah Hourahane / Hannah 
  Campbell 
 

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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February 08, 2021 09:30 ET (14:30 GMT)