TIDMSMS

RNS Number : 7938M

Smart Metering Systems PLC

22 August 2011

 
 For Immediate Release   22 August 2011

Smart Metering Systems plc

("SMS")

Directorship Update

Smart Metering Systems plc (AIM: SMS), the only independent provider of the full range of gas infrastructure connection services, gas meter asset management services, and developer of smart metering technology solutions to the UK's key gas suppliers, announces that it has received notification today that Bezier Acquisitions Limited ("Bezier"), a company of which Kevin Lyon, Chairman of SMS, was formerly a director, entered administration on 19 August 2011.

Mr Lyon has advised SMS that he joined the board of Bezier on 13 June 2011 (and such directorship was disclosed in the SMS Admission Document dated 24 June 2011) at the request of two lenders with a view to effecting a sale for them either through a sale of their debt or a sale of the company. Mr Lyon has advised that the directors of Bezier have successfully traded that debt to a third party and that the administration of Bezier is now part of the restructuring process.

ENDS

For further information, please contact:

 
 Buchanan 
 Diane Stewart / Carrie Clement   0131 226 6150 
  Richard Darby                    0207 466 5000 
 
 Cenkos Securities 
 Ken Fleming                      0131 220 6939 
  Jon Fitzpatrick                  0207 397 8900

This information is provided by RNS

The company news service from the London Stock Exchange

END

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