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TOOP - Toople News Story

0.067p -0.0  -8.3%

Last Trade - 05/05/21

Market Cap £3.07m
Enterprise Value £4.11m
Revenue £3.44m
Position in Universe 1752nd / 1819

Toople PLC - Result of 2021 Annual General Meeting

Tue 30th March, 2021 10:57am
RNS Number : 9603T
Toople PLC
30 March 2021
 

For immediate release: 30th March 2021

Toople PLC

("Toople" or the "Company")

Result of 2021 Annual General Meeting

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, announces that all of the resolutions set out in the Notice of Meeting circulated to shareholders were approved at the Annual General Meeting of the Company held today, 30 March 2021, at Unit 2 Woodside, Birchanger, Bishops Stortford, Hertfordshire, CM23 5RG.

Shareholders were invited to submit questions about the Company or relating to the meeting Resolutions.  General themes from these questions and answers have been incorporated into a document that can be found on the Company's website: https://toopleplc.co.uk/shareholder-services/ under AGM Notices.

-Ends-

For further information:

 

Toople PLC

Andy Hollingworth, Chief Executive Officer

Paul White, Chief Financial Officer

Tel: 0800 0499 499

Novum Securities Limited

David Coffman

Colin Rowbury

Tel: 020 7399 9400

Belvedere Communications

John West / Llew Angus

 

Tel: 020 3687 2754

 

About Toople PLC

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; dmsluk.co.ukbroadbandandphones.co.ukcheckthatcompany.co.uk.

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).  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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