Exercise of Options & EBT Purchase
("Eckoh" or the "Company")
Exercise of Options & EBT Purchase
Eckoh announces that it has issued 500,000 new ordinary shares of 0.25p each in the capital of the Company ("Ordinary Shares") following an exercise of employee options (the "Option Shares"). Application will be made to the London Stock Exchange for the Option Shares to be admitted to trading on AIM, with dealings expected to commence on 10 July 2018 ("Admission").
In addition, the Company confirms that on 3 July 2018 the Eckoh plc Employee Benefit Trust (the "Eckoh EBT") purchased a total of 312,354 Ordinary Shares at a price of 38 pence per share. As Nik Philpot (CEO) and Chrissie Herbert (CFO) are trustees and administrators of the EBT, they are therefore treated as having an interest in the Ordinary Shares. In addition, certain PDMRs of the Company, being Chrissie Herbert and Ed Johnson (Chief Operating Officer of Eckoh UK), are potential beneficiaries of the SIP and therefore also treated as having an interest in the Ordinary Shares. As a result of the purchase, the Eckoh SIP is now holding a total of 1,095,752 Ordinary Shares, representing 0.4 per cent. of the issued voting share capital of the Company, as enlarged by the issue of the Option Shares.
Following Admission, the Company will have a total of 253,013,520 Ordinary Shares in issue. Of these Ordinary Shares, 362,022 are held in treasury and as a result, the Ordinary Share capital carrying voting rights will be 252,651,498. Shareholders may use this figure of 252,651,498 Ordinary Shares 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, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further enquiries, please contact:
Eckoh plc Tel: 01442 458 300
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
FTI Consulting LLP Tel: 020 3727 1000
Ed Bridges / Emma Hall / Darius Alexander
N+1 Singer (Nomad & Joint Broker) Tel: 020 7496 3000
Shaun Dobson / Lauren Kettle
Berenberg (Joint Broker) Tel: 020 3207 7800
Ben Wright / Chris Bowman / Amritha Murali
Canaccord Genuity Limited (Joint Broker) Tel: 020 7523 8000
Simon Bridges / Emma Gabriel / Alex Napier
About Eckoh plc
Eckoh is a global provider of secure payment products and customer contact solutions, supporting an international client base from its offices in the UK, US and Australia.
Our secure payments products, which can be hosted in the cloud or deployed on the client's site, removes sensitive personal and payment data from contact centres and IT environments. The products offer merchants a simple and effective way to reduce the risk of fraud, secure sensitive data and become compliant with the Payment Card Industry Data Security Standards ("PCI DSS") as well as wider data security regulations. Eckoh has been a PCI DSS Level One accredited Service Provider since 2010.
Eckoh's customer contact solutions enable enquiries to be answered through multiple channels, allowing organisations to increase efficiency, lower operational costs and provide a true omni-channel experience to their customers. We also assist organisations to transform the way that they engage with their customers by providing support and transition services as they implement our innovative customer contact solutions.
Our large portfolio of clients come from a broad range of vertical markets and includes government departments, telecoms providers, retailers, utility providers and financial services organisations.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Quick facts: Eckoh PLC
Market Cap: £116.84 m
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