AGM Statement & Board Changes

RNS Number : 8373Q

Smart Metering Systems PLC

23 June 2020

 

Smart Metering Systems plc

("SMS" or "the Company")

Result of Annual General Meeting and Board Changes

Smart Metering Systems plc (AIM: "SMS", "the Group"), which installs and manages smart meters and carbon reduction assets ("CaRe⁽¹⁾") to facilitate effective energy management , announces that at the AGM held earlier today all the resolutions put to the meeting were duly passed apart from resolution 13 (which had sought to amend the articles of association of the Company to allow general meetings of the Company to be held by electronic means).

The Company also confirms the previously announced resignation of Willie MacDiarmid as a Non-Executive Director and Chairman of the Company with effect from 23 June 2020. Miriam Greenwood will assume the duties of Chairman, Chair of the Nomination Committee and Chair of the Health, Safety and Sustainability Committee. SMS would like to thank Mr. MacDiarmid for his valuable contribution to the Company and wish him all the best going forward.

As previously announced, Graeme Bissett becomes the Senior Independent Director and Jamie Richards has assumed the role of Chairman of the Remuneration Committee with effect from today.

(1)  All carbon reducing assets including energy efficiency systems, metering, lighting, battery storage, distributed generation, EV charging, data and control, etc.

For further information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Investor Relations
Cenkos Securities plc (Joint Broker and Nomad)	0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch   Investec Bank plc (Joint Broker)   Christopher Baird / Henry Reast   RBC Capital Markets (Joint Broker)   Matthew Coakes / Evgeni Jordanov	020 7597 5970   020 7653 4000
Instinctif Partners	020 7457 2077

Notes to editors

SMS plc (www.sms-plc.com) installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management. 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 3.73 million meter and data assets under management as of 31 December 2019. SMS's 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 (DNOs).

SMS employs in excess of 1,200 people across the UK who support the installation and ongoing management of metering assets.

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

SMS's shares are listed on AIM.

 

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