Smart Metering Systems PLC AGM Statement & Board Changes (8373Q)
June 23 2020 - 11:01AM
UK Regulatory
TIDMSMS
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 0131 220 6939 / 020
and Nomad) 7397 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker)
Christopher Baird / Henry Reast 020 7597 5970
RBC Capital Markets (Joint Broker)
Matthew Coakes / Evgeni Jordanov 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.
This information is provided by RNS, the news service of the
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END
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