17th Dec 2021 09:52
Smart Metering Systems PLC - Glasgow-based provider of end-to-end services in utility connections, smart metering and energy management - Extends its exclusivity agreement with Shell Energy Retail, a unit of oil major Royal Dutch Shell PLC, for the installation of and funding of smart meters until December 2025. "The extension of the exclusivity agreement is a testament to the strength of our long-term relationship with Shell, underpinned by our well established end-to-end integrated model," Chief Executive Alan Foy says.
Last month, Smart Metering Systems acknowledged "turbulence" in UK energy market, with a number of independent providers going under.
Current stock price: 806.00 pence, up 1.3% on Friday
Year-to-date change: up 13%
By Will Paige; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
RDSA.LSMS.L