Toople PLC Director/PDMR Shareholding (5422S)
09 Julio 2020 - 3:25AM
UK Regulatory
TIDMTOOP
RNS Number : 5422S
Toople PLC
09 July 2020
For immediate release: 9(th) 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 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 / Ludovico Lazzaretti
Novum Securities Limited Tel: 020 7399 9400
David Coffman
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
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/ 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
the financial Ordinary Shares of 0.0667p each
instrument, type
of instrument
Identification ISIN: GB00BZ8TP087
Code
-------------------------------------- --------------------------------------
b. Nature of the Purchase of Ordinary Shares
transaction
-------------------------------------- --------------------------------------
c. Price(s) and volume(s) Price(s) per Volume(s)
share
-------------------------------------- -------------------
0.0944 pence 10,593,220
------------------- --------------
Aggregated information
- Aggregated Volume 10,593,220
d. - Price 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 rns@lseg.com or visit www.rns.com.
END
DSHGIGDRXDGDGGC
(END) Dow Jones Newswires
July 09, 2020 04:25 ET (08:25 GMT)
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