TOOP Toople Plc

TIDMTOOP

RNS Number : 8306X

Toople PLC

10 January 2022

For release: 07.00, 10(th) January 2022

Toople PLC

("Toople" or the "Company")

New Contract Win

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is delighted to announce that it has started 2022 with a new contract win, following robust order intake during the last quarter of 2021.

The Company has continued to grow its customer base, across a number of sectors, with its latest win in the animal food supply and services sector. The contract, which has been won by Toople's subsidiary company DMSL via their key network partners, is to supply 46 hosted voice seats to the UK's leading horse feed supplier for a minimum contract period of 3 years.

Andy Hollingworth, CEO explains:

"Like many businesses this new client relies on its online and teleservices infrastructure to provide crucial out-bound marketing and sales services, as well as customer support. It is a real vote of confidence in our offering that this highly respected UK business, a market leader in its field, has chosen to partner with Toople to provide this business critical support."

He added:

"2022 has once again started under the spectre of further business disruption due to the Omicron variant. We keep our customers seamlessly connected with their employees, customers, and other stakeholders, ensuring business continuity, and providing peace of mind and strong infrastructure. This allows our customers to manage their businesses remotely and seamlessly whatever working restrictions are imposed on them at short notice.

"We are delighted to have won this contract and we start 2022 in a positive frame of mind having recently strengthened our balance sheet with a successful Placing, which received the supported of many of the Company's existing shareholders including its two largest shareholders as well as key members of the Board."

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 2754 
  John West / Llew Angus 
 

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.uk ; broadbandandphones.co.uk ; checkthatcompany.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. The Group's wholly owned subsidiary DMS Holding (DMSL) 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 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.

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END

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