Key Developments: Coms PLC (AMAN.L)

AMAN.L on London Stock Exchange

16 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Coms Plc announces wining of global contract
Thursday, 13 Mar 2014 04:00am EDT 

Coms Plc:Agreement for a lucrative contract for a prominent mobile phone supplier in India.Initial 4,000 SIM cards will be delivered to our customer, which will grow to a total of 35,000 SIM cards during first year.In year two, an additional 70,000 SIM cards will be delivered and the base is expected to grow to a total of 150,000 by the end of the third year.SIM cards are designed for subscribers travelling outside India, to enable them to call effectively and cheaply.  Full Article

Coms Plc to acquire Smarter Mobile UK Limited
Monday, 10 Mar 2014 03:00am EDT 

Coms Plc:Says agrees to acquire the entire share capital of Smarter Mobile UK Limited from the founding shareholders for a consideration of 225,000 pounds payable in cash used from the company's existing funds.The company will take control of all of Smarter Mobile UK's services, its existing customer accounts and extensive SIM stock.  Full Article

Coms Plc announces additional contract wins
Thursday, 27 Feb 2014 02:00am EST 

Coms Plc:Says recent contract awards total in excess of 1.73 mln pounds.Contract wins from a number of new channel partners worth a total of 696,000 pounds revenue per annum.Says primarily delivering hosted lines and calls, they also include the transference of IP traffic via SIP trunks.Says through its Redstone subsidiary, it has been awarded a contract totalling 499,000 pounds to supply a Cisco converged network to a commercial property company.Says through its Redstone subsidiary, it was also awarded further infrastructure installations totalling to 0.273 mln pounds.Says CloudXL has secured additional contract wins worth 25,000 pounds with many recognisable high street names through the implementation of hardware and telephony services.Says Coms Media has recently been awarded a contract to deliver a new season of 11 episodes of a documentary to an engaging, vivid and interesting satellite television channel.Says additional contract wins including providing Computer Generated imagery (CGi), providing filming services and providing specialised Augmented Reality (AR) services and innovation, worth 85,000 pounds.  Full Article

Coms Plc announces further business wins
Monday, 10 Feb 2014 02:45am EST 

Coms Plc:Secures a number of new contracts in addition to those announced in January.Contracts awarded include installing structured cabling for a new office development which is part of the ongoing works at Kings Cross.Says this contract is worth 280,000 Pound.Says a energy company has renewed a support contact worth 165,000 Pound that will see Redstone support their intelligent infrastructure through until March 2015.Says project worth in excess of 120,000 pound to Coms Media working with a TV production house working specifically on graphics and enhancing the viewing experience.Says four individual contracts with one of the broadcasters worth in excess of 50,000 Pound.Says each project carries different creative marketing requirements and are differing in lengths of project delivery.Says furthermore, the content is extremely topical and will be seen on screens by many TV viewers across the world in the coming months.Says ten further media and marketing contracts signed by Coms Media totalling over 100,000 Pound that further enhance the company's reach and visibility.  Full Article

Coms Plc announces acquisition of certain subsidiaries of Actimax Acquisitions Limited and placing of 138,333,333 new ordinary shares
Friday, 7 Feb 2014 11:37am EST 

Coms Plc:Says it has agreed to acquire certain subsidiaries of Actimax Acquisitions Limited for an initial consideration of 2.4 million pounds payable in cash.Says Charles Stanley Securities has placed, on the company's behalf, 138,333,333 new ordinary shares at 6 pence per share, with certain institutional and other investors to raise 8.3 million pounds.Says the Placing was considerably oversubscribed.Actimax, trading as Cloudxl, is based in Basildon and is a managed network, unified communications and data services provider.  Full Article

Coms Plc announces further business infrastructure contract wins
Monday, 20 Jan 2014 02:00am EST 

Coms Plc:Says further contract wins in its Redstone business.Says these contract wins are in addition to the announcement of contracts on Jan 6 and add to confidence for the next financial year.Says in summary the contracts awarded consist of infrastructure project with a outsourcing provider at their data centre and this contract is worth 450,000 pounds and is the first phase of 4.Business infrastructure and cabling project for investment, multinational bank worth 365,000 pounds.Consultancy and implementation project worth 320,000 pounds with a pre-eminent networking organisation.Cabling and infrastructure services to a growing international financial institution worth 150,000 and this is the first of a number of planned.Contract to supply highly regarded, well established vendor with data centre implementation and organisation worth initially 150,000 pounds.  Full Article

Coms Plc announces multiple contract wins
Monday, 6 Jan 2014 02:00am EST 

Coms Plc:Says the recent award of a number of new contracts that focus on the delivery of its connectivity and communication services.Says with work beginning early in the new year, these contracts will start making a contribution to the company during the year ending Jan. 2015.Says the contracts awarded include a contract to supply telecommunications solutions including hardware, hosted seats and broadband to a brand new division of a blue-chip multinational company.Contract includes a data centre project for a UK university worth british 460,000 pound, with the design process starting in spring 2014.Contract include an infrastructure project worth 330,000 pound at the headquarters of a commercial law firm.Contract include an infrastructure project worth 250,000 pound for the London offices of an international bank, with installation scheduled for completion in Mar. 2014.Contract includes a contract to supply 600+ broadband lines each month for the next 12 months, starting today with estimated annual revenues of 108,000 pound.  Full Article

Coms Plc establishes new subsidiary following double acquisition
Monday, 16 Dec 2013 02:00am EST 

Coms Plc:Forms a new subsidiary, Coms Media Ltd, following the acquisition of the media, design and animation specialist companies Clicks Media Studios Ltd and Darkside Animations Ltd.Says Coms has agreed to pay a combined consideration of 167,000 pounds cash which will be funded from the company's existing cash resources plus 175,000 pounds in shares at a price of 4.5 pence per share.Says the owners of both businesses will become Coms employees and have been restricted from selling any of the consideration shares for at least 3 months post transaction.  Full Article

Coms Plc announces teaming agreement with PTS Consulting
Thursday, 12 Dec 2013 02:00am EST 

Coms Plc:Signs a multi-year teaming arrangement with PTS Managed Services that widens initially the network and visibility of Coms hosted services into the PTS Managed Services business.Says based initially on providing Coms' core product hosted telephony to PTS Managed Services which can then be delivered to their client base, the opportunity to extend the agreement to PTS' client based to SIP Trunking and other products can be implemented at a later stage.Says this multi-year agreement will develop the company's relationship that are of benefit to PTS' many end user clients which are across a range of disciplines which include banking and finance, Insurance, local government, education, healthcare, media and not for profit.  Full Article

Coms Plc announces contract win to new mobile network
Thursday, 28 Nov 2013 02:00am EST 

Coms Plc:Says it has secured a contract to supply one provider with up to 50,000 mobile SIM cards through the company's newly built mobile network.Says under the terms of the contract the SIM cards are expected to be rolled out over a 24 month period with the first order for 10,000 cards already received and due to be delivered by early 2014.  Full Article

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