Toople PLC Directorate Change (6163D)
28 April 2017 - 4:01PM
UK Regulatory
TIDMTOOP
RNS Number : 6163D
Toople PLC
28 April 2017
28 April 2017
Toople Plc
("Toople" or the "Company" or the "Group")
Directorate Change and Notice of Results
Toople Plc (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, today announces that Neil Taylor is stepping down from
his role as part- time Chief Financial Officer ("CFO") and member
of the board. Geoffrey Wilson, currently Non-Executive Director of
the Company and formerly finance director of TalkTalk Business,
will assume the role of part-time CFO with effect from 11 May 2017
until a permanent successor has been appointed. To ensure an
orderly handover, Mr Taylor will act as a consultant to Toople
until the recruitment process, which is currently underway, is
completed.
Richard Horsman, Chairman of Toople PLC, said: "Neil has played
a major part in Toople's development over the past 12 months. As
set out in the Company's IPO prospectus, Neil was appointed on a
part-time basis to establish the Group's financial operations and
support the business through its listing and subsequent launch of
the Toople brand. He has created a strong finance function which is
well positioned to support the Group's growth. On behalf of the
Board I would like to thank Neil for all his hard work and
dedication."
Mr. Wilson has significant experience in the telecoms industry
and has held a number of senior positions in different
organisations. He studied Law at Birmingham Polytechnic & he
qualified as a Management Accountant in 1991 whilst working for
Grand Metropolitan PLC in their licenced retail business, Chef
& Brewer. He first joined the telecoms industry in 1993 with
Mercury Communications where he held a number of finance roles,
becoming financial controller for the customer systems division in
1995. He gained wider experience of the industry as Commercial
Manager with Siemens Communications Systems and then as Commercial
Director for Your Communications, a subsidiary of United Utilities,
which he joined in 1999. Whilst there he led the corporate
acquisition & integration programme increasing customer base
& product range.
Following a strategic review of the Utility business, Mr. Wilson
led the disposal process for Your Communications resulting in the
successful sale of the business to Thus in 2006. Most recently he
was employed as chief operations officer for TalkTalk business
where, over a 4 year period, overall operational costs reduced by
9% whilst supporting revenue growth of 33%. For two years prior to
this he held the position of Finance Director for TalkTalk
Business.
The Company intends to announce its interim results for the six
months ended 31 March 2017 in the week commencing 8(th) May
2017.
The information contained within this announcement constitutes
inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014
- ENDS -
For further information:
Toople PLC Via Redleaf
Andy Hollingworth, Chief Executive
Officer
Hybridan LLP 020 3764 2341
Claire Louise Noyce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett toople@redleafpr.com
Charlie Geller
Sam Modlin
Notes to Editors:
About Toople Plc
Toople Plc offers broadband, VoIP and landline services and
mobile phone packages to SMEs in the UK. Customers can visit the
Toople web site to pick and choose the services relevant to their
business, and receive an instant quote based on the best network
available from TalkTalk Business, BT Openreach, BT Wholesale and
Vodafone.
The web site is powered by Toople's proprietary Merlin software;
a cloud based telecoms resourcing platform that acts as a portal
for transparent, live pricing for services across the main four
providers. Merlin also makes it easy for customers to add new
services to their bespoke packages at any time.
Toople Plc has 3 core elements to its business. Firstly, a
contact centre where Toople's agents engage with customers,
secondly the wholesale business where other telecoms companies buy
our services white labelled and invoice their customers
independently and thirdly the merlin software side of the business
where wholesalers pay a licence fee monthly to access interconnects
with the carriers to provision services and bill their customers
ongoing.
Toople plc is addressing a market of over 5 million companies in
the UK that are employing less than 50 people. These companies are
looking for straightforward telecom solutions, explained in a way
that they can understand, provided at attractive consistent prices
and backed up by high quality service support. Toople aims to be
easy to do business with, offering transparent, competitive pricing
and excellent UK based customer service. The Company plans to
rapidly increase brand awareness and build its client base through
a strategic on-line marketing campaign.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAPGUQPCUPMGQM
(END) Dow Jones Newswires
April 28, 2017 02:01 ET (06:01 GMT)
Toople (LSE:TOOP)
Historical Stock Chart
From Apr 2024 to May 2024
Toople (LSE:TOOP)
Historical Stock Chart
From May 2023 to May 2024