TIDMECK
RNS Number : 2176Y
Eckoh PLC
04 December 2017
Eckoh plc
("Eckoh" or the "Company")
Director, PDMR and Eckoh PLC & EBT Share Dealings
Director dealing
Eckoh has received notification that on 30 November 2017
Chrissie Herbert, Chief Financial Officer, purchased 20,000
ordinary shares of 0.25p each in the capital of the Company
("Ordinary Shares") at a price of 48.5p per Ordinary Share. As a
result of this purchase, Chrissie is holding a total of 20,000
Ordinary Shares, representing 0.01 per cent. of the issued voting
share capital of the Company, as enlarged by the issue of the New
Shares (as described below).
Transaction in Eckoh shares
The Company confirms that on 30 November 2017 it purchased
362,022 Ordinary Shares at a price of 48.5p per Ordinary Share. The
purchased shares have been placed into treasury and are expected to
be used to meet future employers National Insurance for share
options yet to be exercised by employees.
Exercise of options and PDMR dealing
Eckoh announces that it has issued 590,000 new Ordinary Shares
(the "New Shares") following an exercise of share options by David
Holliday; IT Director of Eckoh UK and a PDMR of the Company. The
options being exercised were granted under the 2012 Eckoh plc Long
Term Incentive 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 14 December 2017
("Admission").
Following Admission, the Company will have a total of
252,513,520 Ordinary Shares in issue. As a result of the purchase
of Ordinary Shares by Eckoh to be held in treasury, as described
above, the resultant Ordinary Share capital carrying voting rights
will be 252,151,498.
Shareholders may use this figure of 252,151,498 Ordinary Shares
carrying voting rights 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 David Holliday
that the New Shares were sold on 1 December 2017 at a price of
48.5p per share (the "Sale"). As a result of the Sale, David
Holliday is not holding any Ordinary Shares.
Purchase of shares by Eckoh EBT
The Company also announces that on 30 November 2017 Eckoh's
employee benefit trust ("EBT") purchased 248,124 Ordinary Shares at
a price of 48.5p per share to be held on trust for the purpose of
satisfying future awards to beneficiaries of the Company's share
incentive plan ("SIP"). As Nik Philpot (CEO) and Adam Winterflood
(Commercial Director) are trustees and administrators of the EBT,
they are therefore treated as having an interest in the Shares. In
addition, certain PDMRs of the Company, being Chrissie Herbert
(CFO), David Holliday (IT Director) 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 Shares.
Following settlement of the above purchase of Shares, the EBT
will hold a total of 797,945 ordinary shares, equivalent to 0.32
per cent. of the issued voting share capital of Eckoh, as enlarged
by the issue of the New Shares.
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 / Emma Hall / 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 Chrissie Herbert
---- ------------------------------- -----------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- ------------------------------- -----------------------------------
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 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
the financial Ordinary shares of 0.25 pence
instrument, type each
of instrument
GB0033359141
Identification
code
---- ------------------------------- -----------------------------------
b) Nature of the Purchase
transaction
---- ------------------------------- -----------------------------------
c) Price(s) and volume(s) Price Volume
---- ------------------------------- --------------------- ------------
48.5 pence 20,000
---------------------------------------------------------- ------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
---- ------------------------------- -----------------------------------
e) Date of the transaction 30 November 2017
---- ------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name David Holliday
---- ------------------------------ -----------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------
a) Position/status IT Director of Eckoh UK
---- ------------------------------ -----------------------------------
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 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
the financial Ordinary shares of 0.25 pence
instrument, type each
of instrument
GB0033359141
Identification
code
---- ------------------------------ -----------------------------------
b) Nature of the Sale
transaction
---- ------------------------------ -----------------------------------
c) Price(s) and volume(s) Price Volume
---- ------------------------------ -------------------- -------------
48.5 pence 590,000
-------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
---- ------------------------------ -----------------------------------
e) Date of the transaction 1 December 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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