Smart Metering Systems PLC Directorate Change (5253M)

TIDMSMS

RNS Number : 5253M

Smart Metering Systems PLC

17 September 2019

Smart Metering Systems plc

Appointment of Director

Smart Metering Systems plc (AIM: SMS, "SMS", the "Company") is pleased to announce the appointment of Tim Mortlock as Director and Chief Operating Officer of the Company, a newly created position.

Mr Mortlock, aged 42, has been employed within the SMS Group of Companies for over 20 years holding a number of positions. Most recently Tim has acted as Managing Director of the Company's Meter Assets and Energy Services Division.

Willie MacDiarmid, Chairman of SMS, commented:

"We are delighted to announce Tim Mortlock's appointment to the Board of SMS. Tim was most recently the Managing Director of our Meter Assets and Energy Services Division having been with our Group for two decades. This is another key appointment to strengthen the Board during an important phase for the Company."

For further Information:

 
 Smart Metering Systems plc                0141 249 3850 
 Alan Foy, CEO 
  Craig McGinn, Company Secretary 
 
   Cenkos Securities plc (Nomad and          0131 220 6939 / 020 7397 
   Joint Broker)                             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 
 

Other Information

In relation to the appointment of Mr Mortlock, 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:                            Timothy James Mortlock 
 
 Age:                                  42 
 
 Current Directorships /Partnerships   SMS Energy Services Limited 
 Directorships / Partnerships          None 
  in last 5 years 
 Shareholdings in SMS                  5,263 Ordinary Shares of 1 pence 
                                        held in own name 
                                        3,933 Ordinary Shares of 1 pence 
                                        held in the Company Share Investment 
                                        Plan Scheme 
                                        466,583 Share Options in Ordinary 
                                        Shares of 1 pence each in the Smart 
                                        Metering Systems Unapproved Share 
                                        Option Plan established on 20 June 
                                        2011 
 

Notes to Editors

SMS plc (www.sms-plc.com) installs smart meters and data loggers that facilitate effective energy management and a low carbon future. 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 installed 3.1m meter and data assets as of 31 December 2018. SMS' 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 (DNO's).

SMS employs almost 1,000 people across the UK who support the installation and ongoing management of metering assets. The Company owns the first dedicated smart metering training facility in the UK and has delivered 30,000 hours of training in 2018.

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

SMS's shares are listed on AIM.

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END

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September 17, 2019 02:01 ET (06:01 GMT)