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- This share is currently suspended. It was suspended at a price of 0.0085
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Don't have an account? Click here to register.Toople announces £2.2m placing to fund growth strategy
Tue, 11th Sep 2018 09:35
(Sharecast News) - Toople, a provider of bespoke telecom services to UK SMEs, has conditionally placed 733.3m new shares with institutional and other investors at 0.3p each to raise £2.2m.The company said on Tuesday that proceeds from the placing, which was oversubscribed, will be used to fund its working capital requirements, invest in targeted marketing initiatives to grow revenue and deliver future return on capital and enhance its service offerings.The proceeds will also be used to fund the identification of potential 'bolt-on' acquisitions, which it deems to be earnings enhancing and fit with its stated strategy.Chief executive officer Andy Hollingworth said: "The company has made great operational and financial progress in recent months and securing this injection of capital leaves the company with a healthier balance sheet and well capitalised to continue our growth strategy."Importantly, we expect this funding to see the company through to positive cash flow generation and to provide us with a stable financial platform to exploit the new business pipeline we are creating."At 0930 BST, the shares were down 58% to 0.32p.
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16 Nov 2022 15:09
Toople shares to be cancelled as appoints liquidators
(Alliance News) - Toople PLC on Wednesday said it has entered into a creditors voluntary liquidation, effective immediately, following the sale of its main trading subsidiaries.
Read more19 Oct 2022 17:37
Toople suspends shares following news of administration talks
(Alliance News) - Toople PLC shares were suspended on Wednesday, after it reported plans to appoint administrators.
Read more26 Jul 2022 11:43
IN BRIEF: Toople to switch listing to AQSE as interim loss narrows
Toople PLC - Letchworth Garden City, England-based telecom services - Revenue for half-year that ended March 31 falls to GBP1.3 million from GBP1.5 million a year before, though pretax loss narrows to GBP654,784 from GBP773,432. This is due to administrative expenses being cut to GBP919,612 from GBP1.1 million. Says outlook "positive", anticipating increased revenue and better gross profit figures in the future.
Read more31 May 2022 20:30
IN BRIEF: Toople promotes COO Bryce to top job as Hollingworth departs
Toople PLC - Letchworth Garden City, England-based telecom services - Says Chief Executive Officer Andrew Hollingworth resigns with immediate effect due to personal circumstances. Chief Operating Officer Greg Bryce been promoted to CEO.
Read more26 Apr 2022 15:51
EXECUTIVE CHANGES: Carnival promotes COO & UK chief Weinstein to CEO
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Read more29 Mar 2022 10:42
Toople seeks acquisitions after raising £300,000
(Sharecast News) - Toople said it was on the lookout for acquisitions after raising £300,000 in convertible debt, sending its shares down almost 20%.
Read more24 Mar 2022 15:58
UK shareholder meetings calendar - next 7 days
| Friday 25 March | |
| Beazley PLC | AGM |
| Coro Energy PLC | GM re proposed bond restructuring |
| Europa Oil & Gas Holdings PLC | GM re fundraise |
| Kitwave Group PLC | AGM |
| Triad Group PLC | GM re revised remuneration policy |
| Monday 28 March | |
| Congyar Investment Co PLC | GM re share premium account cancellation |
| Go-Ahead Group PLC | GM re accounts, remuneration, auditor |
| Jupiter Emerging & Frontier Income Trust PLC | AGM |
| Tuesday 29 March | |
| Impax Asset Management Group PLC | AGM |
| Tekmar Group PLC | AGM |
| Wednesday 30 March | |
| Brunner Investment Trust PLC | AGM |
| Mediazest PLC | AGM |
| Micro Focus International PLC | AGM |
| Parsley Box Group PLC | GM re equity raise |
| Thursday 31 March | |
| Pressure Technologies PLC | AGM |
| Red Rock Resources PLC | AGM |
| Aukett Swanke Group PLC | AGM |
| Various Eateries PLC | AGM |
| Toople PLC | AGM |
| BiVictriX Therapeutics PLC | AGM |
| CloudCoCo Group PLC | AGM |
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28 Feb 2022 19:41
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IN BRIEF: Toople wins three-year contract to supply voice seats
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IN BRIEF: Toople wins five new contracts amid robust order intake
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