TIDMTOOP
RNS Number : 2043D
Toople PLC
17 February 2020
Toople PLC
("Toople" or the "Company")
Result of General Meeting
Completion of Placing and Acquisition
The Board of Toople, a provider of bespoke telecom services to
UK SMEs, is pleased to announce that, at the General Meeting held
earlier today, all resolutions were duly passed. Capitalised terms
used but not defined in this announcement have the meaning given to
them in the proposed acquisition, placing and notice of general
meeting announcement dated 31 January 2020.
Placing and Acquisition
Following the passing of the resolutions, it is expected that
the completion of the Placing and the Acquisition of DMS Holding
will take place at 08.00 a.m. tomorrow on the Admission of the New
Ordinary Shares to the standard segment of the Official List and to
trading on the London Stock Exchange's main market for listed
securities.
Issue of Equity
Application has been made to London Stock Exchange for the
Placing Shares, the Consideration Shares and the Fee Shares to be
admitted to trading on the main market for listed securities and it
is anticipated that trading in the New Ordinary Shares will
commence at 8.00 a.m. on 18 February 2020. The New Ordinary Shares
will rank pari passu with the Existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 3,520,051,135 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 3,520,051,135 Ordinary Shares may therefore be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
Director Shareholdings
Director Existing Number of Number Resultant Percentage
Holding Fee Shares of Placing Holding of Enlarged
of Ordinary to be issued Shares of Ordinary Issued Share
Shares in lieu of subscribed Shares on Capital
remuneration for Admission
and fees owed
Richard Horsman
(Director) 12,500,000 41,666,680 16,000,000 70,166,680 1.99
Geoffrey
Wilson (Director) 6,366,666 28,800,000 - 35,166,666 1.00
Kevin Lawrence
(Director) 3,966,666 55,995,000 - 59,961,666 1.70
Grant of Warrants
In addition, the Fee Warrants and Placing Warrants will be
issued to the Directors as set out in the table below:
Director Number of Number of Placing Number of Resultant Holding
Fee Warrants Warrants warrants of warrants
issued held prior held on Admission
to the Placing
Richard Horsman
(Director) 20,833,340 8,000,000 2,000,000 30,833,340
Geoffrey Wilson
(Director) 14,400,000 - 1,000,000 15,400,000
Kevin Lawrence
(Director) 27,997,500 - - 27,997,500
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
-ends-
For further information please visit www.Toople.com or
contact:
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer /
Kevin Lawrence, Chief Financial
Officer
Cairn Financial Advisers LLP Tel: 020 7213 0880
Sandy Jamieson/Tony Rawlinson/Ludovico
Lazzaretti
Novum Securities Limited Tel: 020 7399 9400
David Coffman
Turner Pope Investments Limited Tel: 020 3657 0050
Andy Thacker / Zoe Alexander
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
Notes to editors:
Toople PLC, a company incorporated in the UK provides a range of
telecoms services primarily targeted at the UK SME market. 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 through Merlin, the Group's proprietary
software platform.
The Group is differentiated by its focus on creating small
business connectivity solutions, with robust and reliable packages
that will enhance our customer's companies. In addition, our vision
is based on trust and transparency, with no hidden fees within our
pricing policy providing customers with a clear understanding of
cost.
Toople Plc has a strong and highly experienced Board and
management team who are focused on growing the business both
organically and by identifying earnings enhancing strategic
acquisition opportunities.
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 a) Richard Horsman
b) Geoffrey Wilson
c) Kevin Lawrence
---------------------------------- ------------------------------------------
2 Reason for notification
---------------------------------- ------------------------------------------
a. Position/Status a) Director
b) Director
c) Director
---------------------------------- ------------------------------------------
b. Initial notification/ Initial notification
Amendment
---------------------------------- ------------------------------------------
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 Ordinary shares of 0.0667 pence
the financial
instrument, type
of instrument
ISIN: GB00BZ8TP087
Identification
Code
---------------------------------- ------------------------------------------
b. Nature of the Issue of ordinary shares
transaction
---------------------------------- ------------------------------------------
c. Price(s) and volume(s) Price(s) per Volume(s)
share
---------------------------------- ------------------
a) 0.1 pence a) 57,666,680
b) 0.1 pence b) 28,800,000
c) 0.1 pence c) 55,995,000
------------------ ------------------
Aggregated information
- Aggregated Volume
d. - Price 142,461,680
---------------------------------- ------------------------------------------
e. Date of the transaction 18 February 2020
---------------------------------- ------------------------------------------
f. Place of the transaction London Stock Exchange
---------------------------------- ------------------------------------------
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 d) Richard Horsman
e) Geoffrey Wilson
f) Kevin Lawrence
--------------------------------- ----------------------------------------------------
2 Reason for notification
--------------------------------- ----------------------------------------------------
a. Position/Status d) Director
e) Director
f) Director
--------------------------------- ----------------------------------------------------
b. Initial notification/ Initial notification
Amendment
--------------------------------- ----------------------------------------------------
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 Warrants over ordinary shares of 0.0667
the financial pence
instrument, type
of instrument
Identification ISIN: GB00BZ8TP087
Code
--------------------------------- ----------------------------------------------------
b. Nature of the Grant of warrants
transaction
--------------------------------- ----------------------------------------------------
c. Price(s) and volume(s) Price(s) per Volume(s)
share
--------------------------------- --------------------
d) 0.1 pence d) 28,833,340
e) 0.1 pence e) 14,400,000
f) 0.1 pence f) 27,997,500
-------------------- --------------------
d. Aggregated information
- Aggregated Volume 71,230,840
- Price 0.1 pence
--------------------------------- ----------------------------------------------------
e. Date of the transaction 18 February 2020
--------------------------------- ----------------------------------------------------
f. Place of the transaction London Stock Exchange
--------------------------------- ----------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
ROMBGGDDDDBDGGR
(END) Dow Jones Newswires
February 17, 2020 05:24 ET (10:24 GMT)
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