Toople Plc Regulatory News (TOOP)

For release: 07.00, 27th May 2021

Toople PLC

("Toople" or the "Company")

New Contracts

Toople wins contract for Sainsbury's and Carluccio's new Joint Venture

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to announce three new contract wins in three different sectors.

Toople has won the contract to provide telecoms services to a new joint venture between two leading UK brands. Sainsbury's has announced a new partnership with restaurant chain Carluccio's to test out three new in-store concepts for the first time. The first format will be a coffee shop in Sainsbury's St Albans superstore, a 900 sq ft cafe offering space for 45 customers to eat-in as well as takeaway options. Caffè Carluccio's will open on June 3 and will be the first Carluccio's to open inside a supermarket.

A Carluccio's Counter will launch in June in the Sainsbury's Leamington Spa superstore and a Restaurant Hub will open in July in Sainsbury's Selly Oak superstore in Birmingham. Toople has been chosen to act as the preferred telecoms supplier providing data cloud connectivity and its retail connect 4G failover product to provide full disaster recovery in all these venues, and is already live in the St Albans coffee shop.

In addition, the Company has been chosen by a local city council in the east of England to provide full cloud telephony and data connectivity over a five year period.

Finally, Toople has been appointed by a leading UK property company to supply all their mobile sim cards and telephones. In common with other businesses they are seeking more flexible working practices and mobility and Toople will support the customer with 5G connectivity in over 100 devices through handsets and sims over, on an initial two year contract.

Commenting on the contract wins, Andy Hollingworth, CEO at Toople, said:

"Carluccio's was acquired by Boparan Restaurant Group in May last year, and given our existing relationship with them, it is a real honour to win further work from them to provide critical telecom infrastructure as they roll-out their new partnership with Sainsbury's. We continue to see business momentum, particularly as more of the UK economy starts to open up . Winning long term contracts with local governments and large corporates with strong credit profiles is great for the business and is an endorsement of the competitiveness of our service offering."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

-Ends-

For further information:

About Toople PLC

Toople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange. The business currently trades under four main brands: toople.com; dmsluk.co.uk; broadbandandphones.co.uk; checkthatcompany.co.uk.

Toople.com provides bespoke telecoms services for its fast growing target market of UK SMEs with between one and 500 employees. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed via the Group's proprietary software platform. 

In February 2020, Toople completed the acquisition of DMS Holding (DMSL). DMSL commenced trading in 2002 and provides unified communication services in the UK, ranging from a single phone line to a multi-site unified comms VoIP platform, delivered via a network of telecoms and IT carriers and content providers across the UK including BT Business, BT Global Services, Gamma, EE, Vonage, TalkTalk Business and O2. DMSL acts as a BT Premier re-seller for broadband connectivity, mobile and fixed voice and cloud services and is responsible for over 250,000 BT customers and over 400,000 Revenue Generating Units.

The acquisition of DMSL was transformational for Toople, as it also expanded the Group's reach into the UK residential market, which is experiencing a period of rapid change, as operational automation further develops and more people choose to (or are forced to) work from home.

The Company also owns a telecoms price comparison website and a service offering company credit reference checking and reports. These complement the Group's IT and telecoms services.

All the Group brands seek to differentiate themselves by offering IT, telecoms and broadband solutions, with robust and reliable packages, that enhance a customers' business and are based on trust and transparency, with no hidden fees within pricing policies. This provides customers with a clear understanding of cost and fixed prices for the duration of their contracts.