Board Changes

Maintel Holdings PLC

16 July 2026

 

16 July 2026

Maintel Holdings Plc

(the "Company" or "Maintel")

Board Changes

The Board of Maintel Holdings Plc, a leading provider of cloud, network and security managed communications services, today announces a number of changes to its composition following the completion of the Company's refinancing and equity fundraising.

Stephen Beynon, Non-Executive Chair of the Company, has informed the Board of his intention to step down and retire from the Board. Stephen intends to remain as Chair until a successor is identified and an orderly transition is completed.

Stephen joined Maintel during a period of significant challenge and has chaired the Board through an important phase in the Company's development, culminating in the completion of the refinancing and fundraising. With this important milestone now achieved, Stephen believes that this is the appropriate time to hand over to a new Chair. The Board thanks Stephen for his calm leadership, independence and commitment during this period and wishes him well for the future.

Stephen Beynon said:

"It has been a privilege to serve as Chair of Maintel during an important period in the Company's development. I am pleased that we have completed the refinancing and fundraising, providing the Company with a stronger financial platform for the future and have achieved that whilst continuing to execute on the Transformation Plan. Much credit must go to CEO Dan Davies for his leadership during this period. With this important milestone achieved, I believe this is the right time for Maintel to transition to a new Chair. I remain fully committed to supporting the Board until my successor is identified and wish Maintel every success in the years ahead."

As previously announced, Angus McCaffery and Clare Bates did not seek re-election at the Company's Annual General Meeting held on 30 June 2026. Both Angus and Clare will step down on 24 July 2026.

William Ginn will join the Board as an Independent Non-Executive Director with effect from 24 July 2026. William is a highly experienced finance executive who worked closely with Maintel throughout the recent refinancing and fundraising process and therefore brings valuable knowledge of the business. The Board welcomes William to Maintel.

Following these changes, the Board will continue to review its composition, governance arrangements, and committee structures. A further announcement regarding any additional Board appointments, including the appointment of a successor Chair and any related committee changes, will be made in due course.

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please contact:

Maintel Holdings Plc	0344 871 1122
Dan Davies, Chief Executive Officer
Gab Pirona, Chief Financial Officer
Cavendish (Nomad and Broker)	020 7220 0500
Jonny Franklin-Adams / Seamus Fricker / Andrea Callaghan (Corporate Finance)
Sunila de Silva (Corporate Broking)
Hudson Sandler (Financial PR)	020 7796 4133
Wendy Baker / Nick Moore	[e-mail]

Notes to editors

Maintel Holdings Plc ("Maintel") is a leading provider of cloud communications, networking and security managed services to the UK public and private sectors. Its services aim to help its clients operate at the highest level by designing, implementing, innovating and managing their vital digital communication solutions, with a focus across three strategic pillars:

·  Unified Communications and Collaboration - Making customers' people more effective, efficient, and collaborative with UC&C technology. The core focus of this pillar is the high growth Unified Communications as a Service (UCaaS) market segment.

·    Customer Experience - Helping customers to acquire, delight and retain their customers using customer experience technology. The core focus of this pillar is the high growth Contact Centre as a Service (CCaaS) market segment.

·    Security & Connectivity - Securely connecting customers' people, partners and guests to their cloud platforms, applications, and data with secure connectivity, and protecting their business from cyber threat. The core focus of this pillar is the high growth Software Defined Wide Area Networking (SD-WAN), Security Service Edge (SSE) and Cyber Managed Service market segments.

Maintel combines technology from its strategic, global technology vendor and carrier partners, with its own Intellectual Property, deployed from and managed by its own platforms, to provide seamless solutions that its customers can consume without the need for the internal skillset required to deploy and manage the technology themselves.

Maintel serves the whole market, with a particular focus on key verticals of Financial Services, Retail, Public Healthcare, Local Government, Higher Education, Social Housing and Utilities. Its core market constitutes organisations with between 250 and 10,000 employees in the private, public and not-for-profit sectors with headquarters in the UK.

The Company was founded in 1991 and it listed on London's AIM market in 2004 (AIM: MAI).

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

Full name: William Thomas Ginn

Age: 59

Shares held in the Company: No

Options held in the Company: No

Current Directorships	Previous Directorships held in the past five years
WTG Interim Ltd	UKCloud Ltd
	Virtual Infrastructure Group Limited

Dr Ginn was appointed a director of UKCloud Ltd and its parent company, Virtual Infrastructure Group Limited, on 12 December 2013. UKCloud Ltd was a cloud services provider focused on the UK public sector. UKCloud Ltd entered administration, a process overseen by the Official Receiver and supported by the UK Government to facilitate an orderly wind-down of the business. The administration remains ongoing. Virtual Infrastructure Group Limited, which owned 100% of UKCloud Limited, is also subject to ongoing insolvency and dissolution proceedings.

There is no further information to be disclosed in relation to the appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

 

END