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Toople PLC (TOOP)

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Thursday 09 July, 2020

Toople PLC

Director/PDMR Shareholding

RNS Number : 5422S
Toople PLC
09 July 2020
 

For immediate release: 9th July 2020

Toople PLC

("Toople" or the "Company")

 

Director/PDMR Dealing

 

The Board of Toople, a provider of bespoke telecom services to UK SMEs, announces that it has received notification that Andy Hollingworth, CEO of the Company, purchased 10,593,220 shares ordinary shares of 0.0667p each ("Ordinary Shares") at a price of 0.0944 pence earlier today.  Following the above purchase, Mr Hollingworth's beneficial interest in the Company comprises 38,843,220 Ordinary Shares.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

-ends-

 

For further information please visit or contact:

Toople PLC

Andy Hollingworth, Chief Executive Officer

Kevin Lawrence, Chief Financial Officer

 

Tel: 0800 0499 499

Cairn Financial Advisers LLP

Sandy Jamieson / Ludovico Lazzaretti

Tel: 020 7213 0880

Novum Securities Limited

David Coffman

Tel: 020 7399 9400

Belvedere Communications

John West / Llew Angus

Tel: 020 3687 2754

 

Notes to editors:

Toople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange. 

The business currently trades under four main brands:  www.toople.com  ;  www.dmsluk.co.uk  ;  broadbandandphones.co.uk  ;  www.checkthatcompany.co.uk  .

Toople.com  provides bespoke telecoms services for its fast growing target market of UK SMEs with between one and 50 employees.  Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed via the Group's proprietary software platform. 

In February 2020, Toople completed the acquisition of  DMS Holding (DMSL)  .  DMSL commenced trading in 2002 and provides unified communication services in the UK, ranging from a single phone line to a multi-site unified comms VoIP platform, delivered via a network of telecoms and IT carriers and content providers across the UK including BT Business, BT Global Services, Gamma, EE, Vonage, Talktalk Business and O2.

DMSL acts as a BT Premier re-seller for broadband connectivity, mobile and fixed voice and cloud services and is responsible for over 250,000 BT customers and over 400,000 Revenue Generating Units.

The acquisition of DMSL was transformational for Toople, as it also expanded the Group's reach into the UK residential market, which is experiencing a period of rapid change, as operational automation further develops and more people choose to (or are forced to) work from home.

The Company also owns a telecoms price comparison website and a service offering company credit reference checking and reports.  These complement the Group's IT and telecoms services.

All the Group brands seek to differentiate themselves by offering IT, telecoms and broadband solutions, with robust and reliable packages, that enhance a customers' business and are based on trust and transparency, with no hidden fees within pricing policies.  This provides customers with a clear understanding of cost and fixed prices for the duration of their contracts.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Andy Hollingworth

2

Reason for notification


a.

Position/Status

Chief Executive

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Toople Plc

b.

LEI

213800P3DSCKSEHPU161

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code


Ordinary Shares of 0.0667p each

 

ISIN: GB00BZ8TP087

b.

Nature of the transaction

Purchase of Ordinary Shares

c.

Price(s) and volume(s)







Price(s) per share

Volume(s)


0.0944 pence

10,593,220


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

10,593,220

 

0.0944p

 

e.

Date of the transaction

9 July 2020

f.

Place of the transaction

London Stock Exchange

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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