Eckoh PLC Annual General Meeting Statement (0947Z)
16 September 2020 - 4:00PM
UK Regulatory
TIDMECK
RNS Number : 0947Z
Eckoh PLC
16 September 2020
16 September 2020
Eckoh plc
("Eckoh", or "the Company", or "the Group")
Annual General Meeting Statement
Dividend Declaration
Eckoh plc (AIM: ECK), the global provider of secure payment
products and customer contact solutions, is holding its Annual
General Meeting at 11.00 a.m. today.
Following changes to company law introduced under the Corporate
Insolvency and Governance Act 2020 on 26 June 2020, and as a result
of the UK Government 'stay alert measures' and related guidance on
social distancing and public gatherings, the Directors have decided
that the AGM will be held on a closed basis which Shareholders will
not be able to attend in person. A very limited number of persons
from the Company will be present to conduct the meeting such that
relevant legal requirements can be met. In addition, the Company
will provide a video conference call link to enable Shareholders to
follow proceedings.
At the time of the announcement of the Company's preliminary
results on 16 June 2020, for the period ended 31 March 2020, the
Board indicated it did not intend to propose a year-end dividend,
but that this decision would be kept under consideration if
conditions stabilised.
Given the continued resilience of the business combined with its
high levels of repeat and recurring revenues, and with a further
three months of trading behind it, the Board is pleased to announce
that the Board has approved the payment of a special dividend of
0.61p per ordinary share. The dividend will be paid on 23 October
2020 to shareholders on the Register as of 25 September 2020. As
this is a special dividend in lieu of the final dividend from the
financial year ending 31 March 2020, it does not require approval
at today's Annual General Meeting.
The Board will continue to keep its dividend policy under close
review whilst the current macro-economic and COVID-19 uncertainty
remains.
The Group's financial position remains strong with net cash of
GBP12.2 million at the end of August. Management remain confident
of further progress in the second half of the year.
-ENDS-
For more information, please contact:
Eckoh plc
Nik Philpot, Chief Executive Officer Tel: +44 (0) 1442
458 300
Chrissie Herbert, Chief Financial Officer
www.eckoh.com
FTI Consulting LLP
Ed Bridges / Jamie Ricketts / Darius Alexander Tel: +44 (0) 203
727 1000
eckoh@fticonsulting.com
N+1 Singer (Nomad & Joint Broker)
Shaun Dobson, Justin McKeegan Tel: +44(0) 20 7496
3000
www.n1singer.com
Canaccord Genuity Limited (Joint Broker)
Simon Bridges Tel: +44(0) 20 7523
8000
www.canaccordgenuity.com
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 and US.
Our secure payments products help our clients take payments
securely from their customers through multiple channels. The
products, which include the patented CallGuard, can be hosted in
the Cloud or deployed on the client's site and remove sensitive
personal and payment data from contact centres and IT environments.
They 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, securing over $2bn in
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 Omnichannel 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 or email Media
ResponseUK@eckoh.com
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END
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