Holding(s) in Company

RNS Number : 0201F

Coms PLC

20 May 2013

 

20 May 2013

Coms plc

("Coms", the "Company" or the "Group")

Holding(s) in Company

Coms (AIM: COMS) was informed on 16 May 2013 that Simon Munro purchased a total of 4,371,695 ordinary shares on the same day, taking his total holding to 15,000,000 ordinary shares, which represents 3.22% of the Company's total voting rights.

Simon Munro states "In the relatively short period since Dave Breith took over as CEO, he and his Management Team have positioned Coms Plc to become one of the UK's leading providers of Voip hosted telecoms services. Many providers of Voip are not able to access the capital needed in order to accelerate growth, but as a listed company Coms are able to do this as demonstrated by the recent placing. The hosted sector has already outgrown the cumbersome fixed line channel and the costs savings to customers via hosted are significant. With the highly experienced Management Team that Dave has bought together it seems clear that investing in Coms Plc is investing in the future of Telecoms"

Dave Breith (Coms CEO) states: "It was a delight to have received correspondence from Simon and we welcome him on board as a shareholder, clearly the volume of trades in Coms shares are increasing Month on Month, and Simon investing in Coms must mean we are doing something right"

Coms plc

David Breith (CEO)                                                                  [phone]

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Jen Clarke                                                    [phone]

Simple Investments

Broker Andy Thacker / Nick Emerson (Broker)                       [phone]

Newgate Threadneedle (PR)

Graham Herring                                                                      [phone]

Notes to Editors

Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.

 

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