Maintel Regulatory News (MAI)

Maintel Holdings plc ('Maintel' or 'the Company')

Maintel appoints Ioan MacRae as Chief Executive Officer

Maintel, the cloud and managed service specialist, is pleased to announce that Ioan MacRae, aged 46, will be joining the Company as Chief Executive Officer on 14 October 2019. 

Commenting on his appointment as Chief Executive Officer, Ioan MacRae said "I am delighted to be joining Maintel at this exciting time in the Company's development. Maintel has a great reputation, an enviable customer base and a genuinely market-leading proposition with its ICON suite of cloud and managed services. Having worked with Maintel for many years as a strategic business partner, I am thrilled to be joining such a talented team, and to have the privilege of leading the next stage of the Company's journey."

Prior to this appointment, Ioan was Managing Director for the UK and Ireland of Avaya, a global leader in communications and has held a number of senior leadership positions in the industry both within the UK and internationally. He has considerable experience in leading businesses through periods of sustained growth.

Maintel's Chairman John Booth said "Ioan is the perfect candidate to lead the next phase of Maintel's development. He has significant experience in our sector and a track record of leading successful businesses through times of transition and high growth." 

On formally joining, the Company will grant Ioan an option over 100,000 ordinary shares under the Company's 2015 Long Term Incentive Plan at market value. A further announcement about this will be made in due course. At the date of this announcement, Ioan does not have any beneficial interest in the ordinary shares of the Company.

Ioan Griffith MacRae currently has no other directorships but in the last five years has been a director of Avaya UK and Avaya UK Holdings Limited.

Save for the disclosures above, there are no further disclosures to be made under Rule 17 and Schedule 2(g) of the AIM Rules in relation to this appointment.

The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

Mark Townsend, Chief Financial Officer 0344 871 1122

Rufus Grig, Chief Technology and Strategy Officer

finnCap

Jonny Franklin-Adams/Anthony Adams (Corporate Finance) 020 7220 0500

Richard Chambers (Corporate Broking)

About Maintel:

Maintel is a cloud and managed services company with a focus on communications. Its people are experienced, trusted technology advisors, who improve their clients' organisations through digital transformation.

Founded in 1991, Maintel has a proven track record of delivering communications solutions and services to both the private and public sector. In that time, the company has gained the expertise to solve the challenges associated with digital initiatives, and its managed services approach ensures clients realise the full value of their technology.

This is achieved by specialising in three key pillars of digital transformation: making organisations more effective, efficient, and collaborative with digital workplace solutions; allowing organisations to acquire, develop, and retain more business by using technology to create more meaningful customer experiences through outstanding service; ensuring organisations' employees, customers, and partners always have seamless access to their data and applications through reliable, secure connectivity.

Ongoing growth of Maintel's cloud and managed services offerings continues to allow the company to keep supporting the increasing demands of the market.

Please visit www.maintel.co.uk for more information.