New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (UK£12.6m market cap, or US$17.1m). Announcement • Jul 31
Maintel Holdings plc Announces Board Changes Maintel Holdings Plc announce the appointment of Craig Eadie to succeed Stephen. Craig will join the Board on 31 July 2026 and will be appointed Non-Executive Chair on 7 August 2026, when Stephen steps down and retires from the Board. Craig is a former commercial solicitor and partner in a London law firm. He is currently the non-executive chairman of a payments company and also acts as a consultant to a private equity group in the UK and Middle East. The Board welcomes Craig to Maintel. In a further change, and consistent with the circular supporting the recent fundraising, John Spens is joining the Board as Non-Executive Director and Deputy Chair, effective immediately. John is a founder of Maintel Holdings and was instrumental in the growth and improved profitability of the Company for the years through to the flotation. John retired from the Board ahead of the flotation. The Board is very pleased to have John back closely involved in the Company. Finally, Bob Beveridge, Non-Executive Director and Chair of the Audit and Risk Committee, will retire from the Board on 31 July 2026. William Ginn, Non-Executive Director, will succeed Bob as Chair of the Audit and Risk Committee. The Board would like to thank Bob for his service to Maintel and wishes him well in his retirement. Announcement • Jul 16
Maintel Holdings plc Announces Board Changes Maintel Holdings Plc announced a number of changes to its composition following the completion of the Company's refinancing and equity fundraising. Stephen Beynon, Non-Executive Chair of the Company, informed the Board of his intention to step down and retire from the Board. Stephen intended to remain as Chair until a successor is identified and an orderly transition is completed. As previously announced, Angus McCaffery and Clare Bates did not seek re-election at the Company's Annual General Meeting held on June 30, 2026. Both Angus and Clare will step down on July 24, 2026. William Ginn will join the Board as an Independent Non-Executive Director with effect from July 24, 2026. William Thomas Ginn, age 59, is a director of WTG Interim Ltd. Dr Ginn was appointed a director of UKCloud Ltd. and its parent company, Virtual Infrastructure Group Limited, on December 12, 2013. UKCloud Ltd. was a cloud services provider focused on the UK public sector. UKCloud Ltd. entered administration, a process overseen by the Official Receiver and supported by the UK Government to facilitate an orderly wind-down of the business. The administration remains ongoing. Virtual Infrastructure Group Limited, which owned 100% of UKCloud Limited, is also subject to ongoing insolvency and dissolution proceedings. The Board will continue to review its composition, governance arrangements, and committee structures. A further announcement regarding any additional Board appointments, including the appointment of a successor Chair and any related committee changes, will be made in due course. 
