Smart Metering Systems plc (AIM: "SMS", the "Group"), which installs and manages smart meters and carbon reduction assets ("CaRe") to facilitate effective energy management, announces that David Thompson, CFO, will leave the Group on 31 March 2021 to pursue another opportunity and that Gavin Urwin has today joined the Group as CFO-Designate.
David will remain at the Group and as CFO until 31 March 2021, finalising the preparation of the audited full year 2020 results (due to be announced on 16 March 2021) and with a handover period with Gavin.
Gavin is an experienced CFO with a proven track record working across multiple sectors including professional services, support services, FMCG and retail. He has previously worked at M&Co, William Grant & Sons, Aggreko and KPMG. He is a member of the Institute of Chartered Accountants of Scotland and has a BA (Hons) from the University of Glasgow.
"I would like to place on record the Board's thanks for David's contributions to the Group. When he leaves SMS it will be with our best wishes for the next stage of his career.
Having conducted a thorough search process, the Board is delighted that Gavin has agreed to join the Group. He will take over as CFO when David leaves SMS. Gavin is well placed to assist the Group in its future development and we look forward to his significant contribution going forwards."Chairman
This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.
For further information:
Smart Metering Systems plc
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Investor Relations
0141 249 3850
Cenkos Securities plc (Joint Broker and Nomad)
Neil McDonald / Pete Lynch
0131 220 6939 / 020 7397 8900
Investec Bank plc (Joint Broker)
Christopher Baird / Henry Reast
020 7597 5970
RBC Capital Markets (Joint Broker)
Matthew Coakes / Evgeni Jordanov
020 7653 4000
Kay Larsen / Sarah Hourahane / Hannah Campbell
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) installs and manages smart meters, data and carbon reduction assets ("CaRe") to facilitate effective energy management. The Group manages and optimises these assets through its in-house technology and data analytical platform.
Established in 1995, SMS provides a full end-to-end service, from funding and installation to management and maintenance, with a highly skilled workforce, deep engineering expertise and well-established industrial partnerships.
SMS is leading the low carbon, smart energy revolution in the UK and is committed to reducing its own carbon emissions to net zero by 2030. In 2019, SMS was also awarded the London Stock Exchange Green Economy Mark.
SMS plc is headquartered in Glasgow with a national presence across twelve UK locations.
SMS's shares are listed on AIM.