(TEP.L) Telecom plus PLC Buy/Sell

RNS Number : 4252I
  Telecom Plus PLC
  11 March 2010
   

BLOCK LISTING SIX MONTHLY RETURN

Date: 11 March 2010

 Name ofapplicant:                                                                                       TelecomplusPLC
 Name of scheme:                                       The TelecomplusPLC Non Approved Share Option Scheme and the
                                                       Telecom plus PLC Networkers and Consultants Share Option Scheme
                                                       The TelecomplusPLC 2007 Employee Share Option Plan and the
                                                       Telecom plus PLC 2007 Networkers and Consultants Share Option
                                                       Plan
 Period of return:                              From:  11 September 2009                      To:         10 March 2010
 Balance of unallotted securities under scheme(s)      691,676
 from previous return:                                 (Ordinary shares of 5 pence each)
 Plus: The amount by which the block scheme(s) has                                                                    0
 been increased since the date of the last return (if
 any increase has been applied for):
 Less: Number ofsecuritiesissued/allotted under                                                                 129,476
 scheme(s) during period (see LR3.5.7G):
 Equals: Balance under scheme(s) not yet                                                                        562,200
 issued/allotted at end of period:

 Name of contact:               David Baxter
 Telephone number of contact:  020 8955 5000

This information is provided by RNS
The company news service from the London Stock Exchange
 
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RNS Number : 0122I Telecom Plus PLC 03 March 2010

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of Telecom Plus Plc

existing shares to which voting rights are attached:

2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of voting rights Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the Standard Life Investments Ltd

notification obligation:
4. Full name of shareholder(s)(if different Vidacos Nominees

from 3.):
5. Date of the transaction and date on which 1 March 2010

the threshold is crossed or reached:
6. Date on which issuer notified: 2 March 2010

7. Threshold(s) that is/are crossed or 9%

reached:

8. Notified details: A: Voting rights attached to shares
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
GB0008794710 6,236,093 6,236,093 5,979,093 1,276,220 4,702,873 1.867% 6.878%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C) Number of voting rights Percentage of voting rights
5,979,093 8.745%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name: David Baxter

15. Contact telephone number: 020 8955 5000

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 7508H Telecom Plus PLC 26 February 2010

Telecom plus PLC

Total Voting Rights and Share Capital

Further to the Disclosure and Transparency Rules of the Financial Services Authority, the total number of voting rights in ordinary shares of 5p of Telecom plus plc at the date of this notice is 68,371,243.

There are 660,620 shares held in treasury.

The above figure (68,371,243) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Telecom plus plc, under the Disclosure and Transparency Rules.

For further information, please contact:

Telecom plus plc

David Baxter

Tel: (020) 8955 5000

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 1112H
  Telecom Plus PLC
  15 February 2010
   

Telecom plus PLC (the "Company")

Interim Management Statement

Quarter Ended 31 December 2009

Telecom plus PLC (trading as the Utility Warehouse), which supplies a wide range of utility services (gas, electricity, fixed line telephony, mobile telephony and broadband internet) to both residential and business customers, today issues its Interim Management Statement to cover the period from 1 October 2009 to 15 February 2010, incorporating information relating to the performance of the business for its third quarter ended 31 December 2009.

Highlights

·              Continuing profitable organic growth

·              Total Group services up by 41,957 during the quarter to 1,012,045 

·              Improvement in customer quality

·              Encouraging take-up of CashBack Cards by new customers

·              Cash balance of £30m as at 31 December 2009 (30 September 2009: £27.9m)

·              Oxford Power Holdings trading significantly ahead of budget

·              Comfortable with market expectations for the current financial year

·              Forecast total dividend increase of 25% to 22p for the full year (2009: 17.5p)

Operating Review

Growth continued at strong double digit annualised rates during Q3 (distributors 21%, customers 13%, services 17%) in spite of the traditional slowdown in activity over the Christmas period and our decision during July 2009 to focus our distribution channel predominantly on gathering customers who own their homes. As a result, we have already noticed an encouraging trend in the quality and profitability of our customer base, with an increasing proportion of home owners, better penetration of higher margin telephony services, improved customer retention levels and lower bad debts. 

We are also excited by the increase we have seen recently in the proportion of new customers applying for our CashBack Card (a pre-paid MasterCard that enables them to save an extra 5% on everything they purchase with it from a wide range of leading UK retailers, credited to their Utility Warehouse bill each month) which has now reached around 30% of all new applications. Funded wholly by participating retailers, we credited our cardholders in aggregate with almost £200,000 off their January bills, with many customers receiving a credit equivalent to a reduction of over 25% on the total cost of their utilities from us. 

Our focus on improving the quality of our customer base, rather than purely on volume growth, has given us valuable breathing space in which to automate some of the processes that, of necessity, were being carried out manually over the last two years, as we strove to maintain customer service standards during a period of particularly rapid growth. Redeployment of the additional staff we added during that period to support those manual processes has enabled us to keep our overall headcount at a similar level to last March, notwithstanding an increase of over 16% in the size of our customer base since our last financial year end. All areas of the business are coping comfortably with current work loads, and we believe that further economies of scale will be achievable in the future as our enhanced systems are capable of managing a significantly larger customer base, with only a small increase in staff numbers.

We were delighted to start 2010 with two Which? Magazine awards for our communications services - for the UKs "Best Home Phone Service" and a prestigious "Best Buy" recommendation for our Home Phone and Broadband bundle, with a customer satisfaction rating of 80% (February 2010).  These commendations, in addition to our recognition by Which? Magazine as the UK's Best Energy Supplier in each of their last three surveys on the energy market, gives our distribution channel increasing confidence in the high standards of service and consistently good value we are providing to the customers they are gathering.  

Over the last six weeks, a total of seven motivational seminars were held at venues across the country. These were organised by a number of the key leaders within the distributor network, to remind their teams of the potential financial benefits of building their Telecom plus businesses consistently over the coming months. Notwithstanding the exceptionally difficult road and weather conditions during this period, over 3,000 distributors attended these events and the general feedback we received has been extremely positive.

Oxford Power Holdings, in which we have a 20% equity investment, is performing significantly ahead of budget and is on track to deliver record numbers when it announces its results for the current financial year. Its recent decision to start supplying gas in addition to its core electricity service proposition has enabled it to grow its share of the highly competitive market for business energy in which it is the sole remaining independent provider of any scale, and we expect it to make a material contribution to Group profitability in the current year.

Customer, Distributor and Service Numbers

In order to provide stakeholders with a fuller understanding of the business, we will in future be including the data in the table below on a quarterly basis. Previously, our reported customer and service numbers only incorporated those supplied under our main Utility Warehouse brand, and excluded information on business customers supplied within our TML subsidiary and CashBack Cards.

 Telecom Plus Group                           FY2010              FY09
 As at Quarter end              Q3       Q2       Q1       Q4       Q3
                       
 Distributors               33,544   31,852   29,789   27,051   23,773
                       
 Customers             
   Residential Club        265,143  256,263  242,779  222,705  201,017
        Business Club       20,479   19,137   17,809   16,163   14,292
           Total Club      285,622  275,400  260,588  238,868  215,309
             Non Club       41,871   41,988   41,772   42,307   43,531
   Total Telecom Plus      327,493  317,388  302,360  281,175  258,840
                  TML       11,912   11,140   10,292    9,651    9,192
          Total Group      339,405  328,528  312,652  290,826  268,032
                       
 Services              
          Electricity      259,853  248,169  231,207  209,262  184,328
                  Gas      218,359  208,663  195,013  177,452  155,973
      Fixed Telephony      207,934  203,025  195,745  188,426  181,527
   Fixed Line Rental       147,970  143,400  134,193  124,762  114,818
            Broadband       93,982   90,685   83,687   77,049   69,674
               Mobile       34,961   35,610   35,951   36,127   36,075
        Cashback card       32,818   24,468   17,262   11,146    5,525
            Freephone       16,168   16,068   15,824   15,417   15,140
          Total Group    1,012,045  970,088  908,882  839,641  763,060
                       
   Residential Club        857,653  815,933  760,009  695,542  621,074
        Business Club       50,182   47,012   43,528   39,585   36,881
           Total Club      907,835  862,945  803,537  735,127  657,955
             Non Club       66,324   70,460   70,063   70,137   70,997
   Total Telecom Plus      974,159  933,405  873,600  805,264  728,952
                  TML       37,886   36,683   35,282   34,377   34,108
          Total Group    1,012,045  970,088  908,882  839,641  763,060
                       

Cash Flow

The warm weather during October and November led to stronger cash inflows than anticipated during Q3, with our cash balance increasing to £30.0 million as at 31 December 2009 (30 September 2009: £27.9m). We always expect to see a substantial cash outflow during the final quarter of each financial year due to the high proportion of our customers paying us for their energy in regular equal monthly instalments, which will be exacerbated this winter due to the recent exceptionally cold weather conditions throughout the UK.

Outlook

Following the severe weather conditions last month, which restricted distributor activity in much of the country, and the introduction by OFGEM of new marketing rules on 18 January 2010 requiring all new energy customers to be given a written quotation showing their estimated future annual energy costs prior to entering into a contract with a new supplier, we anticipate low double digit annualised growth in the number of services we supply during the final quarter of the current financial year.

Our main distributor sales conference this year is being held over the weekend of 17/18 April, and we expect a record attendance of over 6,000 distributors.  Activity levels have historically increased slightly in the run up to this event due to the focus by a number of distributors on reaching the personal goals they had set themselves, in time for their achievement to be recognised on stage. More importantly, the enthusiasm generated by the event can reasonably be expected to underpin additional activity and faster growth throughout the coming financial year.

We remain comfortable with consensus market expectations for our financial performance to 31 March 2010 and, in the absence of unforeseen circumstances, it remains our intention to recommend a final dividend of 14p per share, which would bring the total dividend for the year to 22p per share. Our performance for the financial year to 31 March 2011 will reflect the impact on both turnover and profits of the significant growth in new customers achieved during the current year, the progressive improvement in the quality of our customers, and the benefit from further economies of scale within the business.

Final Results Date

Our results for the year ending 31 March 2010 will be announced on Tuesday 25 May 2010.

Charles Wigoder, Chief Executive said:

"I am delighted we have already started to see the first signs of the positive impact that the changes we made last summer are having on the quality of our customer base, with a greater proportion of homeowners, an increase in the average number of services, better customer retention and falling bad debts. We anticipate a record attendance at our annual distributor sales conference in April, and I look forward to the effect this will have on our future growth."

For more information please contact: 

Telecom plus PLC
                               

Charles Wigoder, Chief Executive                                                                       020 8955 5000

Chris Houghton, Finance Director          
                               

KBC Peel Hunt
                               

Richard Kauffer / Dan Webster                                                                           020 7418 8900

Brewin Dolphin
                               

Richard Jones                                                                                                  0845 059 6740

                               

Smithfield 
                               

John Antcliffe / Will Henderson                                                                          020 7360 4900

About Telecom plus PLC:

Telecom plus, which owns and operates the Utility Warehouse brand, is the UK's only fully integrated provider of a wide range of competitively priced utility services spanning both the Communications and Energy markets. 

Customers benefit from the convenience of a single monthly bill, consistently good value across all their utilities and exceptional levels of customer service. The Company does not advertise, relying instead on "word of mouth" recommendation by existing satisfied customers in order to grow its market share.

Telecom plus also has a wholly owned subsidiary called TML purchased in 2002, which supplies predominantly fixed line telephony to small and medium sized business customers through a network of authorised resellers and dealers.

Telecom plus is listed on the London Stock Exchange (Ticker: TEP LN).  For further information please visit: www.telecomplus.co.uk.

    

This information is provided by RNS
The company news service from the London Stock Exchange
 
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