Eckoh PLC Senior Appointment And Award of Options (4903M)
14 October 2016 - 12:45AM
UK Regulatory
TIDMECK
RNS Number : 4903M
Eckoh PLC
13 October 2016
For immediate release 13 October 2016
Eckoh plc
("Eckoh" or "the Company")
Senior US Management Appointment
And
Award of Options
Eckoh plc (AIM: ECK), the global provider of secure payment
products and customer contact solutions, is pleased to announce
that Dan Arntz, Eckoh's Senior Executive Vice President of US
Sales, has been promoted with immediate effect to President of
Eckoh US reporting into Nik Philpot, Eckoh's CEO. This newly
created role will strengthen Eckoh US' management capability, and
with Dan assuming overall responsibility for the US business he
will ensure that it has the appropriate focus in line with the
Group's strategy.
Dan joined Eckoh in May 2016, bringing with him over 20 years'
senior sales and management experience in the technology and
payments industry working for companies including IBM and First
Data. Most recently, Dan spent four years as Senior Vice President
of Sales at West Corporation ("West"), the Company's US
partner.
Since joining Eckoh, Dan has helped Eckoh's US sales pipeline
grow to record levels, including securing two multi-million dollar
deals in June 2016. He is also leading the transition of the
majority of the US sales pipeline to the Software-as-a-Service
("SaaS") pricing model in line with the UK business. The SaaS model
will bring a number of benefits to the business, increasing the
Company's proportion of recurring revenues in the US, offering
longer-term client relationships and generating higher overall
gross margins.
Following his promotion, Dan has also been awarded options over
400,000 Ordinary Shares in the Company ("the Options"),
representing 0.17% of the issued share capital of the Company. The
Options have an exercise price of 38.75 pence per share, a vesting
period of three years and to be exercisable the share price will
need to have increased by more than the RPI plus 15%.
Nik Philpot, Chief Executive Officer of Eckoh, commented:
"We are delighted to announce the promotion of Dan to President
of Eckoh US. He has quickly and successfully delivered a positive
impact on our US sales pipeline and we are confident that in this
more pivotal role he will help drive the continued progress of the
US business as a whole."
- Ends-
For more information, please contact:
Eckoh plc
Nik Philpot, Chief Executive Officer Tel: 01442 458 300
Adam Moloney, Group Finance Director
www.eckoh.com
Buchanan
Sophie McNulty, Stephanie Watson Tel: 020 7466 5000
www.buchanan.uk.com
N+1 Singer (Nomad & Joint Broker)
Shaun Dobson, Lauren Kettle Tel: 020 7496 3000
www.n1singer.com
Berenberg (Joint Broker)
Ben Wright, Chris Bowman, Amritha Murali Tel: 020 3207 7800
www.berenberg.de/en
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 Haloh Suite of 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") and
wider data security regulations. Eckoh has been a PCI DSS Level One
accredited Service Provider since 2010, processing over $1 billion
in card payments annually.
Eckoh's customer contact solutions enable enquiries and
transactions to be performed on whatever device the customer
chooses, allowing organisations to increase efficiency, lower
operational costs and provide a true omni-channel experience. We
also assist organisations in transforming 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.
For more information go to www.eckoh.com
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ---------------------------------------------------------------------
a) Name Dan Arntz
--- -------------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------
a) Position/status President of Eckoh US
--- -------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--- -------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ---------------------------------------------------------------------
a) Name Eckoh plc
--- -------------------------- -----------------------------------------
b) LEI n/a
--- -------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- ---------------------------------------------------------------------
a) Description of the Ordinary shares of 0.25p each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code ISIN Code: GB0033359141
--- -------------------------- -----------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
--- -------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
Exercise price
of 38.75 pence
per Ordinary Share 400,000
--- -------------------------- -----------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -----------------------------------------
e) Date of the transaction 13/10/2016
--- -------------------------- -----------------------------------------
f) Place of the transaction Off market
--- -------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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