(Corrected to clarify that Thompson’s resignation is not linked to the delay in the release of results.)

Maintel Holdings PLC - London-based cloud and managed communications service provider - Says Executive Chair Carol Thompson is to leave her role with immediate effect, and further, that Deputy Chair John Booth will not stand for re-appointment at the next annual general meeting. Intends to look for a new non-executive chair to support the ‘continued transformation of Maintel’.

Also on Thursday, says that it has postponed the release of its 2023 results to May 1 from April 23, and expects adjusted earnings before interest, tax, depreciation and amortisation of £9.1 million, on revenue of £101.3 million. For 2022, Maintel reported revenue of £91.0 million, and adjusted Ebitda of £4.4 million.

Current stock price: 242.00 pence, down 5.1% in London on Thursday afternoon

12-month change: more than double from 95.00p

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