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Pin to quick picksToople Plc Share News (TOOP)

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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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22 Mar 2019 09:23

Toople sees record new customer numbers as it focuses on SMEs

(Sharecast News) - Business telecoms provider Toople reported "tremendous progress" in recent months, it said on Friday, with shareholders being told that recent strong growth proved its strategy was working.

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7 Nov 2018 10:58

Toople's New Strategy Brings Record Number Of Contracts In October

LONDON (Alliance News) - Toople PLC on Wednesday said it received the highest number of orders by contract value in October, making this a record-breaking period for the business.The said a

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25 Sep 2018 10:50

Toople Signs Nine New Partner Contracts, Completes Placing (ALLISS)

LONDON (Alliance News) - Telecom services provider Toople PLC said Tuesday that it has agreed to nine new partner agreements across the UK for the provision of services on a wholesale selling chip

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11 Sep 2018 12:17

Toople Shares Plummet Following GBP2.2 Million Fundraising (ALLISS)

LONDON (Alliance News) - Telecom services provider Toople PLC on Tuesday said it raised GBP2.2 million through an oversubscribed share placing to fund potential acquisitions.The company it

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29 Aug 2018 10:37

Toople Shares Spike After Signing Major Contract With Unnamed Partner

LONDON (Alliance News) - Shares in Toople PLC more than tripled Wednesday morning as the telecom service provider signed a "major" wholesale contract with an unnamed reseller based in of

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23 Aug 2018 10:32

WINNERS & LOSERS SUMMARY: Playtech Jumps As Snaitech Boosts Earnings

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 1.9%. The Irish building materials firm a a

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30 Jul 2018 14:37

Former RedstoneConnect CEO Breith Sells Entire 19% Toople Holding (ALLISS)

LONDON (Alliance News) - Telecoms provider Toople PLC on Monday said David Breith has sold his entire 19% stake in the company.Breith sold his interest in a transaction on Wednesday last is

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5 Jul 2018 11:00

Toople Shares Spike As New Contracts Expected To Have Material Impact

LONDON (Alliance News) - Shares in Toople PLC jumped a quarter Thursday as the telecommunications provider signed two contracts that are expected to have a "material" effect on monthly a

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21 May 2018 13:06

Toople Signs GBP360,000 Worth Deal With Unnamed Telecoms Provider

LONDON (Alliance News) - Toople PLC said on Monday it signed a 24 month contract with a South East-based IT, cloud services and telecoms provider.The bespoke telecom services company did is

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10 May 2018 13:43

Toople Shares Tumble As It Reports Steeper Interim Loss

LONDON (Alliance News) - Toople PLC shares dropped Thursday after its half-year loss widened, though it remained "upbeat" about the UK's economic conditions.Shares in Toople a

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26 Mar 2018 15:17

Toople Signs Telecom Agreement With London-Based Bakery For Two Years

LONDON (Alliance News) - Toople PLC on Monday signed a new contract with a London-based bakery, to provide full telecom services to its retail sites and a

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8 Mar 2018 12:45

Telecoms Firm Toople Nets GBP250,000 From Share Issue (ALLISS)

LONDON (Alliance News) - Telecom services provider Toople PLC said Thursday it has raised GBP250,000 from issue of 24.5 million shares at 1.022 to is to

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7 Mar 2018 16:14

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 8 MarchBenchmark HoldingsLadbrokes Coral Group (re acquisition by GVC Holdings)Melrose (re in

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24 Jan 2017 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

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