REG - Toople PLC - New Contracts

ToopleAnnouncement

27/05/2021 07:00

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RNS Number : 9622Z  Toople PLC  27 May 2021

For release: 07.00, 27(th) May 2021

 

Toople PLC

("Toople" or the "Company")

New Contracts

Toople wins contract for Sainsbury's and Carluccio's new Joint Venture

 

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is
pleased to announce three new contract wins in three different sectors.

 

Toople has won the contract to provide telecoms services to a new joint
venture between two leading UK brands.  Sainsbury's has announced a new
partnership with restaurant chain Carluccio's to test out three new in-store
concepts for the first time.  The first format will be a coffee shop in
Sainsbury's St Albans superstore, a 900 sq ft cafe offering space for 45
customers to eat-in as well as takeaway options.  Caffè Carluccio's will
open on June 3 and will be the first Carluccio's to open inside a supermarket.

 

A Carluccio's Counter will launch in June in the Sainsbury's Leamington Spa
superstore and a Restaurant Hub will open in July in Sainsbury's Selly Oak
superstore in Birmingham.  Toople has been chosen to act as the preferred
telecoms supplier providing data cloud connectivity and its retail connect 4G
failover product to provide full disaster recovery in all these venues, and is
already live in the St Albans coffee shop.

 

In addition, the Company has been chosen by a local city council in the east
of England to provide full cloud telephony and data connectivity over a five
year period.

 

Finally, Toople has been appointed by a leading UK property company to supply
all their mobile sim cards and telephones.  In common with other businesses
they are seeking more flexible working practices and mobility and Toople will
support the customer with 5G connectivity in over 100 devices through handsets
and sims over, on an initial two year contract.

 

Commenting on the contract wins, Andy Hollingworth, CEO at Toople, said:

 

"Carluccio's was acquired by Boparan Restaurant Group in May last year, and
given our existing relationship with them, it is a real honour to win further
work from them to provide critical telecom infrastructure as they roll-out
their new partnership with Sainsbury's.  We continue to see business
momentum, particularly as more of the UK economy starts to open up .  Winning
long term contracts with local governments and  large corporates with strong
credit profiles is great for the business and is an endorsement of the
competitiveness of our service offering."

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

-Ends-

For further information:

 

 Toople PLC                                   Tel: 0800 0499 499

 Andy Hollingworth, Chief Executive Officer

 Paul White, Chief Financial Officer
 Novum Securities Limited                     Tel: 020 7399 9400

 David Coffman

 Colin Rowbury
 Belvedere Communications                     Tel: 020 3687 2756

 John West / Llew Angus

 

About Toople PLC (http://www.toople.com)

 

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:  toople.com (http://toople.com) ; dmsluk.co.uk (http://dmsluk.co.uk)
; broadbandandphones.co.uk (https://broadbandandphones.co.uk/)
; checkthatcompany.co.uk (http://www.checkthatcompany.co.uk/) .

 

Toople.com (http://www.toople.com/)  provides bespoke telecoms services for
its fast growing target market of UK SMEs with between one and 500
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)
(http://www.dmsluk.co.uk/) .  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.

 

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