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Holding(s) in Company

20 May 2013 07:00

RNS Number : 0201F
Coms PLC
20 May 2013
 

 

20 May 2013

Coms plc

("Coms", the "Company" or the "Group")

 

Holding(s) in Company

 

Coms (AIM: COMS) was informed on 16 May 2013 that Simon Munro purchased a total of 4,371,695 ordinary shares on the same day, taking his total holding to 15,000,000 ordinary shares, which represents 3.22% of the Company's total voting rights.

 

Simon Munro states "In the relatively short period since Dave Breith took over as CEO, he and his Management Team have positioned Coms Plc to become one of the UK's leading providers of Voip hosted telecoms services. Many providers of Voip are not able to access the capital needed in order to accelerate growth, but as a listed company Coms are able to do this as demonstrated by the recent placing. The hosted sector has already outgrown the cumbersome fixed line channel and the costs savings to customers via hosted are significant. With the highly experienced Management Team that Dave has bought together it seems clear that investing in Coms Plc is investing in the future of Telecoms"

 

Dave Breith (Coms CEO) states: "It was a delight to have received correspondence from Simon and we welcome him on board as a shareholder, clearly the volume of trades in Coms shares are increasing Month on Month, and Simon investing in Coms must mean we are doing something right"

 

Coms plc

David Breith (CEO) +44 (0) 207 148 3000

 

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Jen Clarke +44 (0) 207 383 5100

 

Simple Investments

Broker Andy Thacker / Nick Emerson (Broker) +44 (0) 1483 413 500

 

Newgate Threadneedle (PR)

Graham Herring +44 (0) 207 653 9858

 

Notes to Editors

Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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