31 May 2022

Toople PLC

("Toople" or the "Company")

Board Changes

Toople, a provider of bespoke telecom services to UK SMEs, today announces that Andrew Hollingworth, Chief Executive, has informed the Board of his decision to leave the Company with immediate effect due to personal circumstances.  Greg Bryce, currently Chief Operating Officer, has today been appointed Chief Executive Officer.

Greg has enjoyed a successful career as a sales-led business leader with experience in all types of companies; from start-ups to multinationals and private equity backed ventures, across a diverse range of sectors.  Most recently he has been working as a mentor to start-ups in the healthcare, education, and telecoms sectors.

Richard Horsman, Non-Executive Chairman said:

"Andy has led Toople through a period of considerable change, the Covid-19 pandemic and a business transformation and we would like to thank him for his hard work and dedication and we wish him and his family well for the future.  At the same time, we welcome Greg's appointment which signals a new era for Toople. He has a strong sales focussed background with relevant industry experience and has extensive M&A credentials.  We look forward to his leadership as Toople seeks to capitalise on new opportunities that are presenting themselves in light of a continually more digitally connected UK."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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For further information please visit www.toopleplc.co.uk or contact:

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.  The Group's wholly owned subsidiary  DMS Holding (DMSL) 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 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.