Eckoh PLC EBT Share Dealings, Issue of Options and TVR (1427C)
June 16 2021 - 9:10AM
UK Regulatory
TIDMECK
RNS Number : 1427C
Eckoh PLC
16 June 2021
16 June 2021
Eckoh plc
("Eckoh", the "Group" or the "Company")
EBT Share Dealing, Issue of Options and Total Voting Rights
Eckoh plc (AIM:ECK), the global provider of secure payment
products and customer contact solutions, today announces that, on
15 June 2021, Eckoh's employee benefit trust ("EBT"), purchased
175,000 Ordinary Shares in the capital of the Company (the
"Shares"), at a price of approximately 68.5 pence per Share, to be
held on trust for the purpose of satisfying future awards to
beneficiaries of the Company's share incentive plan (the
"Purchase").
As Nik Philpot (CEO) and Chrissie Herbert (CFO) are trustees and
administrators of the EBT, they are therefore treated as having an
interest in the Shares.
Following settlement of the Purchase of Shares for the EBT, it
will hold a total of 2,036,710 Shares, equivalent to 0.80 per cent.
of the Ordinary Share capital of Eckoh.
Issue of Options
Further, Eckoh has issued 109,744 new ordinary shares in the
capital of the Company (the "New Ordinary Shares"), following an
exercise of share options by an employee.
The options being exercised were granted under the 2012 Eckoh
Long Term Incentive Plan and the number of New Ordinary 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 Ordinary Shares to be admitted to trading on AIM, with dealings
expected to commence on 22 June 2021 ("Admission").
Total Voting Rights
Following Admission, the Company will have a total of
255,461,000 Ordinary Shares in issue. Pursuant to the Purchase, the
number of Ordinary Shares held in treasury is 1,684,567 and, as a
result, the Ordinary Shares in issue carrying voting rights will be
253,776,433. Shareholders may use this figure of 253,776,433
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.
For further information please contact:
Eckoh plc
Nik Philpot, Chief Executive Officer Tel: 01442 458
300
Chrissie Herbert, Chief Financial Officer
www.eckoh.com
FTI Consulting LLP Tel: 020 3727 1000
Ed Bridges, Jamie Ricketts, Darius Alexander
eckoh@fticonsulting.com
N+1 Singer (Nomad & Joint Broker)
Shaun Dobson, Justin McKeegan Tel: 020 7496 3000
www.n1singer.com
C anaccord Genuity Limited (Joint Broker)
Simon Bridges, Emma Gabriel Tel: 020 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 all engagement channels. The
products, which include the patented CallGuard and ChatGuard, 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 GBP5bn 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
MediaResponseUK@eckoh.com
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END
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