Eckoh PLC Director, PDMR and Eckoh EBT Share Dealings (0616K)
July 04 2017 - 5:00AM
UK Regulatory
TIDMECK
RNS Number : 0616K
Eckoh PLC
04 July 2017
Eckoh plc
("Eckoh" or the "Company")
Director, PDMR and Eckoh EBT Share Dealings
Director dealing
Eckoh has received notification that on 3 July 2017 Christopher
Humphrey, Non-Executive Director and to be appointed Non-Executive
Chairman following the Company's annual general meeting in
September, purchased 100,000 ordinary shares in the capital of the
Company at a price of 46.5p per ordinary share. As a result of this
purchase, Christopher is holding a total of 350,000 Eckoh ordinary
shares, representing 0.14 per cent. of the issued share capital of
the Company, as enlarged by the issue of the New Shares (as
described below).
Exercise of options and PDMR dealing
Eckoh announces that it has issued 560,000 new ordinary shares
in the capital of the Company (the "New Shares") following an
exercise of share options by Ed Johnson; Chief Operating Officer of
Eckoh UK 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 17 July 2017 ("Admission").
Following Admission, the Company will have a total of
251,283,520 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 251,283,520 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 3 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.
Purchase of shares by Eckoh EBT
The Company also announces that on 3 July 2017 Eckoh's employee
benefit trust ("EBT"), purchased 234,656 ordinary shares in the
capital of the Company (the "Shares") at a price of 47.5p 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 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 555,871 ordinary shares, equivalent to 0.22
per cent. of the ordinary 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 / 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 560,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 3 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 560,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 3 July 2017
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Christopher Humphrey
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------- ---------------------------
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 Purchase of shares
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
46.50 pence 100,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 3 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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