Maintel Holdings PLC Completion of Acquisition (2405X)

TIDMMAI

RNS Number : 2405X

Maintel Holdings PLC

04 May 2016

4 May 2016

Maintel Holdings Plc ("Maintel" or the "Company")

Completion of Acquisition

Maintel (AIM:MAI), is pleased to announce that it has today formally completed the acquisition of the Azzurri Communications Group.

This follows the announcements on 8 April 2016 in relation to the Acquisition and Placing, and on 27 April 2016 in relation to the passing of the Resolutions at the General Meeting of the Company.

Eddie Buxton, Chief Executive Officer of Maintel, commented:

"We are delighted to have completed the acquisition and look forward to integrating the Azzurri Communications Group into our business. This transformational acquisition enhances our scale and broadens our capabilities.

We anticipate the combined group will generate substantial cost synergies and expect the acquisition to be immediately earnings accretive. We look forward to the future with confidence and are excited by the long-term potential for the enlarged group."

For further information, please contact:

 
 Maintel Holdings plc 
  Eddie Buxton 
  Mark Townsend                [phone] 
 finnCap (Nomad and Broker) 
  Jonny Franklin-Adams 
  Emily Watts 
  Kate Bannatyne               [phone] 
 Oakley Capital (Financial 
  Adviser) 
  Christian Maher 
  Zishaan Arshad 
  Victoria Boxall              [phone] 
 

Defined terms used in this announcement will have the meaning (unless the context otherwise requires) as set out in the Admission Document which is available on the Company's website www.maintel.co.uk. This announcement should be read in conjunction with the Admission Document published by the Company on 8 April 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2016 07:45 ET (11:45 GMT)