Smart Metering Systems PLC Board Changes (1257W)
April 25 2016 - 2:01AM
UK Regulatory
TIDMSMS
RNS Number : 1257W
Smart Metering Systems PLC
25 April 2016
25 April 2016
Smart Metering Systems plc
("SMS" or "the Company")
Board Changes
Smart Metering Systems plc (AIM: SMS.L), the integrated metering
services company that connects, owns, operates and maintains
current generation, advanced and smart metering assets and
databases, confirms that Paul Dollman, Non-Executive Chairman of
SMS, has indicated to the board of directors (the "Board") that it
is his intention to step down from his position and from the Board
with effect from the Company's forthcoming Annual General Meeting
(the "AGM") in order to concentrate on his other business
interests.
Paul joined the Board in 2013 and has served as Chairman
throughout this time, a period of significant growth and
development for the Company as it has built the foundations to be a
leading participant in the UK's domestic smart meter exchange
programme, which is now well underway.
Willie MacDiarmid, a Non-Executive Director of the Company since
2014, will assume the role of Non-Executive Chairman with effect
from the closing of the AGM. Willie is a proven executive and
non-executive with a background in the energy sector who has had
involvement at the highest level with the last two UK Governments
on a variety of strategic and operating working groups. Formerly a
member of the ScottishPower executive team, he successfully led
ScottishPower through the deregulation of the UK energy market and
served on their investment committee. ScottishPower's successful
metering business was part of his portfolio.
He is currently Chairman of the Ogilvie Group and Fallago Rigg
WindFarm, a renewables joint venture between Hermes and EDF
Renewables. He is also a Non-Executive Director of Scottish Water
Business Stream Limited.
A process to identify and appoint an additional Non-Executive
Director to the Board is already underway and further announcements
will be made in due course.
For further information:
Smart Metering Systems
plc
Alan Foy, Chief Executive
Officer
Glen Murray, Finance Director 0141 249 3850
Cenkos Securities
Neil McDonald 0131 220 6939 / 0207 397
Nick Tulloch 8900
Kreab
Matthew Jervois
Natalie Biasin
Daniel Holgersson 020 7074 1800
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc, based in
Glasgow, connects, owns, operates and maintains metering systems
and databases on behalf of major energy companies. The Company
provides a fully integrated service from beginning to end to cover
the installation of a gas/electricity supply/connection to the
procurement, installation and management of a gas or electricity
meter asset to the collection and management of customer data and
ongoing energy management services.
The Company has further applications for gas with its ADM device
which allows "smart" functions such as remote reading and
half-hourly consumption data to be offered to customers in addition
to the normal metering services. The Company was admitted to the
AIM market in July 2011 and is now part of the FTSE AIM 50 index.
For more information on SMS please visit the Company's website:
www.sms-plc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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