SRT MARINE SYSTEMS PLC

Board/Management Information • Apr 25, 2016

National Storage Mechanism | Additional information

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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 Nick Tulloch	0131 220 6939 / 0207 397 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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