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RNS Number : 0482B Maintel Holdings PLC 30 May 2023
Maintel Holdings Plc ("Maintel" or "the Company")
AGM Statement
Maintel Holdings Plc, a leading provider of cloud and managed communications
services, issues the following trading statement ahead of its Annual General
Meeting later today.
In the first four months of the financial year ending 31 December 2023 (FY23),
the Company experienced positive trading conditions post the challenges of
global supply chain shortages. The "fit for the future" business
reorganisation, that was announced alongside the Company's final results for
the year ended 31 December 2022, is delivering significant improvements in
strategic clarity and cost control. The Company continues to focus on higher
profit margin product lines.
As such the Board is satisfied that the Company remains on track to deliver
results that are in line with management's expectations for FY23- delivering
solid performance in FY23 to date- while re-shaping the business for further
growth. Nicholas Taylor will not be standing for re-election at the AGM
to be held this afternoon, in line with corporate governance best practice due
to his length of tenure. The Board would like to thank Nick for
his significant contribution over the years as a Board member and Chair of
the Remuneration Committee. We have recently welcomed Clare Bates as an
Independent Non-Executive Director and following the AGM, she will replace
Nick as Chair of the Remuneration Committee.
For further information please contact:
Maintel Holdings Plc
Carol Thompson, Executive Chair 0344 871 1122
Gab Pirona, Chief Financial Officer
Dan Davies, Chief Technology Officer
finnCap (Nomad and Broker)
Jonny Franklin-Adams / Emily Watts / Fergus Sullivan (Corporate Finance) 020 7220 0500
Sunila de Silva (Corporate Broking)
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