Eckoh PLC Issue of Equity and PDMR Holding (3928P)
November 17 2016 - 2:00AM
UK Regulatory
TIDMECK
RNS Number : 3928P
Eckoh PLC
17 November 2016
For Immediate Release 17 November 2016
Eckoh plc
("Eckoh" or the "Company")
Issue of Equity
and PDMR Holding
Eckoh (AIM: ECK), the global provider of secure payment products
and customer contact solutions, announces that, pursuant to the
acquisition of Product Support Solutions, Inc ("PSS")on 18 November
2015, application has today been made for 1,524,159 Ordinary
Shares, comprising the outstanding balance of the Total
Consideration Shares, to be admitted to trading on AIM. This is
expected to occur on 22 November 2016 ("Admission").
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares. Following Admission, the Company will have a total
of 242,573,059 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 242,573,059 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 and Transparency Rules.
Following Admission, Todd Funk, Senior Executive Vice President,
US Operations, and formerly CEO of PSS, will hold a total of
692,242 Ordinary Shares which will represent 0.29% of the enlarged
issued share capital.
This announcement contains inside information.
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
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Todd Funk
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Senior Executive Vice President,
US Operations (PDMR)
--- ------------------------- ---------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Eckoh plc
--- ------------------------- ---------------------------------
b) LEI
--- ------------------------- ---------------------------------
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 financial Ordinary Shares of 0.25p
instrument, type each
of instrument
GB0033359141
Identification
code
--- ------------------------- ---------------------------------
b) Nature of the Issue of shares as deferred
transaction consideration
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
43.18p 342,744
--------- ----------
--- ------------------------- ---------------------------------
d) Aggregated information N/A (individual transaction)
- Aggregated volume
- Price
--- ------------------------- ---------------------------------
e) Date of the transaction 17 November 2016
--- ------------------------- ---------------------------------
f) Place of the transaction Off-market transaction
--- ------------------------- ---------------------------------
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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