Eckoh PLC Issue of Equity & PDMR Share Dealings (8725L)
24 July 2017 - 6:45PM
UK Regulatory
TIDMECK
RNS Number : 8725L
Eckoh PLC
24 July 2017
Eckoh plc
("Eckoh" or the "Company")
PDMR Share Dealings
Eckoh announces that it has issued 250,000 new ordinary shares
in the capital of the Company (the "New Shares") following an
exercise of share options by Ed Johnson; Chief Operating Officer
and a PDMR of the Company. The options being exercised were granted
under the 2012 Eckoh plc Long Term Incentive Plan ("the plan") and
the number of New Shares that ultimately vested was subject to the
satisfaction of share price targets which were comfortably exceeded
well ahead of the earliest date of exercise, being 1 January 2016.
Application will be made to the London Stock Exchange for the New
Shares to be admitted to trading on AIM, with dealings expected to
commence on 4 August 2017 ("Admission").
Following Admission, the Company will have a total of
251,533,520 Ordinary Shares in issue each carrying one voting
right. The Company does not hold any Ordinary Shares in treasury.
Shareholders may use this figure of 251,533,520 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.
Subsequent to their issue, Eckoh was notified by Ed Johnson that
the New Shares were sold on 21 July 2017 at a price of 46.5p per
share (the "Sale"). As a result of the Sale, Ed Johnson is not
holding any ordinary shares in the capital of the Company.
For further enquiries, please contact:
Eckoh plc Tel: 01442 458 300
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
www.eckoh.com
FTI Consulting LLP Tel: 020 3727 1000
Ed Bridges / Chris Lane / Emma Appleton / Darius Alexander
eckoh@fticonsulting.com
N+1 Singer (Nomad & Joint Broker) Tel: 020 7496 3000
Shaun Dobson / Lauren Kettle
www.n1singer.com
Berenberg (Joint Broker) Tel: 020 3207 7800
Ben Wright / Chris Bowman / Amritha Murali
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.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Ed Johnson
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Chief Operating Officer of
Eckoh UK (PDMR)
--- ------------------------- ---------------------------
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 213800Z885E2BBU1CR76
--- ------------------------- ---------------------------
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 Ordinary shares of 0.25p
the financial each
instrument, type
of instrument
ISIN Code: GB0033359141
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
Nil 250,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 21 July 2017
--- ------------------------- ---------------------------
f) Place of the transaction Off-market transaction
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Ed Johnson
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Chief Operating Officer of
Eckoh UK (PDMR)
--- ------------------------- ---------------------------
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 213800Z885E2BBU1CR76
--- ------------------------- ---------------------------
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 Ordinary shares of 0.25p
the financial each
instrument, type
of instrument
ISIN Code: GB0033359141
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Sale of shares
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
46.50 pence 250,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 21 July 2017
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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