Topped the share charts on Friday following a lucrative contract announcement and is rumoured to have several more contracts in the pipeline.

Website www.coms.com

was notified late of going under 10%, now talk is he not longer has any interest after a trade of 94m on the 8th so he most likely is >>>>>>>>>>> 0 holding and RNS should be soon if not tomorrow.



Full name of person(s) subject to David Breith
the notification obligation:
------------------------------------------------ ------------------------------
5. Date of the transaction (and date 02/04/2015
on which the threshold is crossed
------------------------------------------------ ------------------------------
6. Date on which issuer notified: 09/04/2014
-----------------------
before 138,982,454 now 94,710,093 or 9.73%

O.675p +0.11p

Full name of person(s) subject to David Breith has reduce to below 3% on the RNS this morning

most likely there are a few left or none

Good volume and share price rise 0.70p

Well ahead from early morning with once again good size trades showing around, at one time the bid/ offer went to the same price 0.80p and MM - CFEP - bought two lots of 300K in order for them to move forward the offer price, and they did, after 2 large buying trades appeared.

spread 0.85 / 0.95p +0.20p

Zak Mir
Video out yesterday, COMS short term 1.5p potential.

COMS - Zak Mir video

SAR just going positive and Williams bullish though still negative (-)

0.975p +0.275p

at best of the day and with large volume once again



0.05 - 49 - 76/50

Latest News

Coms shortlisted for the ITSPA Awards 2015
Coms are delighted to be one of only four businesses shortlisted in 'The Best Business Internet Telephony Services Provider Corporate' category at the ITSPA Awards 2015. All of our hard work and dedication appears to be paying off. Matt Donaldson, Sales Director for Coms comments, "This is a prime example of Coms being the supplier of choice for thousands of business's both in the UK and internationally."

The Internet Telephony Services Providers’ Association (ITSPA) are the the voice of advanced communications. Given the rapid growth of the VoIP community in the UK and the many regulatory issues involved, ITSPA’s founding members realised the urgent need for a trade association to help promote and represent the interests of the industry. The ITSPA has therefore been set up to act as the representative voice of the industry to UK Government bodies such as the Department for Culture, Media and Sport, the Department for Business Innovation and Skills, the Home Office and Ofcom, as well as to the European Commission and other European institutions. The association also encourage the innovation and development of the Internet Telephony industry through the promotion of self-regulation and competition.

The awards, now in their seventh year, will take place at Tate Modern, London on 19th of March 2015.

Last Friday pause on the fall, was a signal that sellers were almost finish and looking at the ticker the buyers were appearing.

Today Peel ( the market Maker ) was on the bid soon after the opening and by now the rest of MMs are moving prices up also.

volume has been rising since and the share price looks ready for a bounce after the recent retracement

0.75p +0.10p

The bounce is on
Slowly is building up to the bounce she is due after the retracement

a large buy just now
12:45:44 @ 0.79p - 1,250,000

0.825p +0.0725p

Another good move up this morning with volume earlier, has slowed a bit for the last 30 minutes on the trading front

Disposal of business and certain assets of Coms telecoms operations

Coms (AIM: COMS) announces that on 23 May 2015 it exchanged contracts to dispose of the business and certain assets of its telecoms operations ("Telecoms") to Timico Limited ("Timico") (the "Disposal") for an initial consideration of £2.5 million payable in cash. Completion of the Disposal is expected to take place on 31 May 2015 ("Completion"). Following the Disposal the Group will comprise its infrastructure business, Redstone and Darkside Studios.

The consideration for the Disposal comprises an initial cash payment of £2.5 million and deferred consideration of up to a further £1 million, payable in cash, based on the trading performance of Telecoms in the period to 30 November 2015. Coms will retain the benefit of its trade debtors. Timico will assume responsibility for all key supplier arrangements in respect of trading following Completion but Coms will retain certain liabilities, including the two leasehold properties occupied by Telecoms. Under a transitional services agreement, Coms is required to retain the Stokenchurch offices for up to six months post Completion.

The Board of Coms plc believes that the Disposal is in the best interests of the Company and all stakeholders. In particular, the Telecoms customers will benefit from the extensive product delivery capability that Timico can offer. Coms management will assist in the handover process to ensure a smooth transition to the new owners is achieved.


more....

Coms (AIM: COMS), is pleased to announce that Charles Stanley Securities has placed, on the Company's behalf, 200,000,000 new ordinary shares at 0.5 pence per share, with certain institutional and other investors to raise £1 million.

The Directors recognise the importance of pre-emption rights to Shareholders and consequently 216,278,701 new ordinary shares will be offered to existing Shareholders at 0.5 pence per share by way of the Open Offer, to raise up to £1.08 million. The Open Offer will provide Qualifying Shareholders with an opportunity to participate in the Capital Raising by both subscribing for their respective basic entitlements and by subscribing for additional new Ordinary Shares under the Excess Application Facility, subject to availability. The Open Offer is not being underwritten.

In the event that the Capital Raising is fully subscribed, the Company will receive gross proceeds of £2.08 million.

Further details of the Placing & Open Offer are set out below.

Background to the Capital Raising and use of proceeds

On 26 May the Company announced that it had exchanged contracts to dispose of the business and certain assets of Telecoms to Timico Limited for an initial consideration of £2.5 million payable in cash and deferred consideration of up to a further £1 million, payable in cash, based on the trading performance of Telecoms in the period to 30 November 2015. Completion of the Disposal is expected to take place on 31 May 2015.

Telecoms consisted of a number of acquisitions that had never been fully integrated. Despite attempts to restructure the business, trading losses continued and the overhead structure was such that the Board concluded it would take significant further investment and considerable management focus for the business to achieve profitability.

The proceeds of the Disposal will be applied to reduce the Group's liabilities and to reduce the Group's overdraft facility from the current £3 million level to below £2 million.

Following the Disposal the Group will comprise Redstone and Darkside Studios.

The Disposal will remove loss making businesses and enable the management team to focus on growing our core infrastructure business, Redstone. The Board plans to develop Redstone's leading Smart Buildings product offering and expand further its successful managed services business. The Board intends to capitalise on accelerating growth in the construction industry and, in particular, the fast growing Smart Buildings sector where Redstone has already delivered strong referenceable solutions to a number of landmark projects. The potential in these markets as they go through both structural and technological change is enormous. Redstone is well positioned to service this opportunity and our focus is to develop this capability through a combination of product development, organic growth and acquisitions.

The proceeds of the Capital Raising will be used to pursue this strategy and to augment working capital.

Wonderful - not!

Completion of the disposal of business and certain assets of Coms telecoms operations

OPEN OFFER
The Company has announced that 216,278,701 Open Offer Shares will be offered to qualifying Shareholders by way of an Open Offer. The Open Offer will provide qualifying Shareholders with an opportunity to participate in the capital raising by both subscribing for their respective basic entitlements and by subscribing for additional New Ordinary Shares under the excess application facility, subject to availability.
Terms: 2 Open Offer Shares for every 9 Existing Ordinary Shares at an issue price of GBP0.005 per Share.
Expected Timetable:
28 May 2015 – Record Date,
19 June 2015 – General Meeting

Placing & Open Offer and Directorate change

Placing & Open Offer of 416,278,701 new Ordinary Shares to raise up to £2.08 million

Coms (AIM: COMS), is pleased to announce that Charles Stanley Securities has placed, on the Company's behalf, 200,000,000 new ordinary shares at 0.5 pence per share, with certain institutional and other investors to raise £1 million.

The Directors recognise the importance of pre-emption rights to Shareholders and consequently 216,278,701 new ordinary shares will be offered to existing Shareholders at 0.5 pence per share by way of the Open Offer, to raise up to £1.08 million. The Open Offer will provide Qualifying Shareholders with an opportunity to participate in the Capital Raising by both subscribing for their respective basic entitlements and by subscribing for additional new Ordinary Shares under the Excess Application Facility, subject to availability. The Open Offer is not being underwritten.

In the event that the Capital Raising is fully subscribed, the Company will receive gross proceeds of £2.08 million.


more....

2 Open Offer Shares for every 9 Existing Ordinary Shares

StockMarketWire.com
Coms has raised £1.08m, gross, through an open offer of 216,278,701 new ordinary shares at 0.5 pence per share.

The open offer was announced on 29 May as part of a proposed capital raising to raise gross proceeds of up to £2.08m.

The company said it received valid acceptances in respect of 292,837,453 open offer shares - approximately 135% of the shares offered.

All eligible applications will be allocated their pre-emption entitlements. All eligible applications under the excess application facility will be scaled back pro rata to the number of excess shares applied for and refund payments for all unallocated excess applications will be made as soon as reasonably practical.

Non-executive chairman Frank Beechinor said: "We are very appreciative of the strong support for the open offer from our shareholders and are pleased that the full amount of £1.08 million will be received by the company."

Still falling back.

StockMarketWire.com
Coms has appointed Mark Braund as chief executive and Spencer Dredge as chief financial officer.

Braund has been CEO of Interquest Group for 4 years and has extensive experience in senior roles in the UK and North America. He has been a non-executive director of Coms since 9 March. He will assume his full time CEO duties once he has completed an orderly handover of his responsibilities at Interquest.

Dredge has been an interim finance director at Coms since March and has extensive turnaround experience, particularly with businesses in the telecoms, IT services and software sectors.

Chairman Frank Beechinor said: "Since the departure of the previous CEO in March our priority has been to appoint an experienced senior executive management team. We are delighted that Mark has agreed to take the role of chief executive at Coms. Since joining the board as a non-executive director earlier this year, Mark has made a valuable contribution and I am certain that Coms and its shareholders will greatly benefit from Mark's experience in his new full time executive role.

"We are also delighted to announce the appointment of Spencer as CFO. Spencer has extensive experience as an accountant in both public and private companies. In the time he has spent with the group since March of this year has gained an in-depth understanding of the operations of Coms and demonstrated his capacity for hard work."