SRT MARINE SYSTEMS PLC

Board/Management Information • Jun 1, 2016

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RNS Number : 8092Z

Smart Metering Systems PLC

01 June 2016

Smart Metering Systems plc

("SMS" or the "Company")

Board Changes

The Board of Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to announce the appointment of Graeme Bissett as a Non-Executive Director of the Company with immediate effect.

Graeme (58) is an experienced corporate financier and qualified chartered accountant, having previously been a partner with Arthur Andersen LLP and finance director of a number of international groups. He is currently appointed as the Chairman of Macfarlane Group PLC and Curo Compensation Limited and as a Non-Executive Director of a number of other businesses, including Cruden Group Limited, Scottish Futures Trust Limited and Anderson Strathern LLP. He has also served on the boards of a number of other companies, including Interbulk plc, and Black Circles Holdings Ltd and currently undertakes a number of pro bono appointments, including Chairman at 'Children 1st', Scotland's national children's welfare charity, and as a Member of Court at the University of Glasgow.

Graeme will be appointed as Chair of the Company's Audit Committee and Miriam Greenwood, who currently chairs the Audit Committee, will be appointed as the Company's Senior Independent Non-Executive Director and Chair of the Company's Remuneration Committee, in each case with immediate effect.

Willie MacDiarmid, Chairman of SMS, commented:

"We are delighted to appoint Graeme to the board and we look forward to working with him and to utilising his significant experience at this important time in SMS's growth. In particular, his financial expertise will be of great value to SMS as it implements its strategy in both the I&C and domestic smart metering markets."

Graeme Bissett, newly-appointed Non-Executive Director of SMS, commented:

"I am delighted to be joining SMS at this time and look forward to working with the executives, non-executives and all members of staff to help deliver continued strong growth for our shareholders and establish our market position in the newly-developing domestic smart metering market."

For further Information:

Smart Metering Systems plc	0141 249 3850
Alan Foy, Chief Executive Officer
Glen Murray, Finance Director
Cenkos Securities plc	0131 220 6939 / 0207 397 8900
Neil McDonald
Nick Tulloch
Beth McKiernan
Kreab	020 7074 1800
Matthew Jervois Natalie Biasin Daniel Holgersson

Other Information

In relation to the appointment of Mr Bissett, 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 below:

Current Directorships / Partnerships in the last 5 years:	Alba Strategic Assets Limited Macfarlane Group PLC Cruden Group Limited Curo Compensation Limited Scottish Futures Trust Limited Scottish Futures Trust Investments Limited Anderson Strathern LLP Realizzare Limited
Previous Directorships / Partnerships in the last 5 years:	Interbulk plc Interbulk Group Limited Black Circles Holdings Limited Blytheswood Square Limited Wealth at Work The Town House Collection Holdings Ltd The Town House Company Limited Football Aid Trading Limited Field of Dreams
Other disclosures	Mr Bissett was a director of Incline Global Technology Services Limited which was dissolved on 6 June 2008. Mr Bissett was also a director of Dunfermline Building Society which was placed into building society special administration by the Court of Session in Scotland on 30 March 2009.

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

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