TIDMSMS

RNS Number : 7220C

Smart Metering Systems PLC

13 October 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

13 October 2022

Smart Metering Systems plc

Board changes

Smart Metering Systems plc (AIM: "SMS", the "Group"), which installs and manages smart meters, energy data, grid-scale battery storage and other carbon reduction ("CaRe") assets, announces that Gavin Urwin will step down as CFO and as an executive director of SMS on 1 December 2022 to take up another opportunity.

The Board is pleased to announce that Gail Blain will be appointed as CFO and as an executive director from 1 December 2022. Gail, currently the Group's Financial Controller and who has been with the Group since 2016, is a Chartered Accountant and has an in-depth understanding of the business having been actively involved in all areas of finance, including accounting, treasury, financial planning and analysis, tax and delivering corporate finance strategy support to the leadership team. Prior to joining the Group, she worked at Aggreko plc and BAA Limited Group.

Gavin will remain available to the Group until 31 March 2023 and support a handover period with Gail.

Miriam Greenwood , Chairman, commented:

"I would like to thank Gavin, on behalf of the Board and his colleagues at SMS, for his contribution to the Group and wish him the best for the next stage of his career.

The Board is delighted to appoint Gail as his successor. Gail is a highly valued member of our senior management team who has worked side by side with Tim Mortlock for a number of years and has played an important role in delivering on the group's financial strategy over the past six years."

Tim Mortlock , CEO, commented:

"SMS has undergone significant transformation over the last few years, evolving from a predominately metering business to a fully integrated energy infrastructure company.

Gail has been at the heart of this journey from a financial and leadership perspective, she is an excellent appointment and I know she will continue to play an important role as the business continues to deliver and grow its existing pipelines and further expand into other CaRe products and services."

For further information:

 
 Smart Metering Systems plc                                                 0141 249 3850 
 Tim Mortlock, Chief Executive Officer 
  Dilip Kejriwal, Head of 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 / 
  Jack Wood 
 Instinctif Partners                                                   sms@instinctif.com 
 Tim Linacre / Guy Scarborough / Sarah 
  Hourahane

In relation to the appointment of Gail Blain (40), 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 above.

Notes to Editors

Smart Metering Systems plc (www.sms-plc.com) installs and manages smart meters, energy data, grid scale batteries and other 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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October 13, 2022 02:00 ET (06:00 GMT)

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