Share Name Share Symbol Market Type Share ISIN Share Description
Maintel Holdings Plc LSE:MAI London Ordinary Share GB00B046YG73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 328.00 316.00 340.00 328.00 328.00 328.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 122.9 1.8 22.4 14.6 47

Maintel Holdings PLC Board Changes

02/06/2021 7:00am

UK Regulatory (RNS & others)

Maintel (LSE:MAI)
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From May 2021 to Aug 2021

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RNS Number : 4961A

Maintel Holdings PLC

02 June 2021

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

Directorate Changes

Maintel Holdings plc announces the following two Board changes.

Non-Executive Director Dr Annette Nabavi has decided not to seek re-election at the forthcoming AGM, in order to focus on other interests. As a result she will step down from the Board at the conclusion of the Company's 2021 AGM. Annette joined the Board in June 2014, bringing a wealth of experience from a career in strategic consulting and investment banking.

Chief Financial Officer Mark Townsend will be leaving Maintel towards the end of the current year to fulfil a long-term ambition of travel before semi-retirement back in the UK. Mark joined the Board in 2016 and has been instrumental in a number of acquisitions and latterly in Maintel's transformation into a cloud and managed service organisation.

The Board has initiated a search process for both replacements with a view to making appointments in due course. Nicholas Taylor will assume the role of Chair of the Remuneration Committee on an interim basis.

John Booth, Non-Executive Chairman said:

"I would like to thank Annette for her significant contribution to Maintel over the past 7 years. In particular, her insight and guidance on complex transactions, such as the transformative acquisitions of Azzurri and Intrinsic, has been invaluable, as has her leadership on diversity and equality issues and her chairing of our Remuneration Committee. We wish her the all the very best in her future ventures.

Equally the Board thanks Mark for his guidance and leadership over the past five years, especially during the Azzurri and Intrinsic acquisitions, and more recently for his work sustaining the transformation of Maintel, returning the business back to organic growth. Mark will leave the company towards the end of this year and we look forward to his continued support and guidance over the forthcoming months."

For further information please contact:

Ioan MacRae, Chief Executive Officer 0344 871 1122

Mark Townsend, Chief Financial Officer


   Jonny Franklin-Adams / Emily Watts / Kate Bannatyne (Corporate Finance)              020 7220 0500 

Richard Chambers / Sunila de Silva (Corporate Broking)

Please note that this announcement contains inside information as stipulated under the Market Abuse Regulation (EU no. 596/2014) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

About Maintel:

Maintel is a cloud and managed services company with a focus on communications. Its people are experienced, trusted technology advisors, who improve their clients' organisations through digital transformation.

Founded in 1991, Maintel has a proven track record of delivering communications solutions and services to both the private and public sector. In that time, the company has gained the expertise to solve the challenges associated with digital initiatives, and its managed services approach ensures clients realise the full value of their technology.

This is achieved by specialising in three key pillars of digital transformation: making organisations more effective, efficient, and collaborative with digital workplace solutions; allowing organisations to acquire, develop, and retain more business by using technology to create more meaningful customer experiences through outstanding service; ensuring organisations' employees, customers, and partners always have seamless access to their data and applications through reliable, secure connectivity.

Ongoing growth of Maintel's cloud and managed services offerings continues to allow the company to keep supporting the increasing demands of the market.

   Please visit   www.maintel.co.uk   for more information. 

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(END) Dow Jones Newswires

June 02, 2021 02:00 ET (06:00 GMT)

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