RNS Number : 0482B
Maintel Holdings PLC
30 May 2023
 

Maintel Holdings Plc ("Maintel" or "the Company")

AGM Statement

 

Maintel Holdings Plc, a leading provider of cloud and managed communications services, issues the following trading statement ahead of its Annual General Meeting later today.

In the first four months of the financial year ending 31 December 2023 (FY23), the Company experienced positive trading conditions post the challenges of global supply chain shortages. The "fit for the future" business  reorganisation, that was announced alongside the Company's final results for the year ended 31 December 2022, is delivering significant improvements in strategic clarity and cost control. The Company continues to focus on higher profit margin product lines.  

As such the Board is satisfied that the Company remains on track to deliver results that are in line with management's expectations for FY23- delivering solid performance in FY23 to date- while re-shaping the business for further growth. Nicholas Taylor will not be standing for re-election at the AGM to be held this afternoon, in line with corporate governance best practice due to his length of tenure. The Board would like to thank Nick for his significant contribution over the years as a Board member and Chair of the Remuneration Committee. We have recently welcomed Clare Bates as an Independent Non-Executive Director and following the AGM, she will replace Nick as Chair of the Remuneration Committee.

For further information please contact:


Maintel Holdings Plc


Carol Thompson, Executive Chair

Gab Pirona, Chief Financial Officer

Dan Davies, Chief Technology Officer

0344 871 1122



finnCap (Nomad and Broker)


Jonny Franklin-Adams / Emily Watts / Fergus Sullivan (Corporate Finance)

Sunila de Silva (Corporate Broking)

020 7220 0500

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMSDEFESEDSESI