TIDMECK

RNS Number : 3677U

Eckoh PLC

22 November 2023

22 November 2023

Eckoh plc

("Eckoh" or the "Group")

EBT Share Dealing, Exercise 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 22 November 2023, Eckoh's employee benefit trust ("EBT"), purchased 366,000 Ordinary Shares of 0.25p each in the capital of the Company ("Ordinary Shares"), at a price of approximately 36.25 pence per Ordinary Share, to be held on trust for the purpose of satisfying future awards to beneficiaries of the Company's share incentive plan (the "EBT Shares").

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 EBT Shares.

Following settlement of the purchase of EBT Shares (and Admission of New Ordinary Shares described below), the EBT will hold a total of 2,964,910 Ordinary Shares, equivalent to 1.02 per cent. of the Ordinary Share capital of Eckoh.

Exercise of Options

Further, Eckoh has issued 40,000 new Ordinary Shares in the capital of the Company (the "New Ordinary Shares"), following an exercise of share options by an employee on 21 November 2023.

The options being exercised were granted under the 2017 Eckoh plc Performance Share Plan and the number of New Ordinary Shares that ultimately vested was subject to a Total Shareholder Return performance condition, measured over a 3-year performance period.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence on 27 November 2023 ("Admission").

Total Voting Rights

Following Admission, the Company will have a total of 292,949,261 Ordinary Shares in issue. Pursuant to the purchase of EBT Shares, the number of Ordinary Shares held in treasury is 2,510,247 and, as a result, the Ordinary Shares in issue carrying voting rights will be 290,439,014. Shareholders may use this figure of 290,439,014 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                                      Tel: 01442 458 300 
  Nik Philpot, Chief Executive Officer 
  Chrissie Herbert, Chief Financial Officer 
  www.eckoh.com 
 FTI Consulting LLP                             Tel: 020 3727 1017 
  Ed Bridges / Emma Hall / Tom Blundell / 
  Emily Bowen eckoh@fticonsulting.com 
 Singer Capital Markets (Nomad & Joint          Tel: 020 7496 3000 
  Broker) 
  Shaun Dobson / Tom Salvesen / Alex Bond 
  / Angus Campbell 
  www.singercm.com 
 Investec Bank plc (Joint Broker)               Tel: 020 7597 5970 
  Patrick Robb/ Nick Prowting / Shalin Bhamra 
  www.investec.com

About Eckoh plc

As a global provider of Customer Engagement Data Security Solutions, Eckoh is all about making the world of data more secure.

Our vision is that everyone should be able to trust every brand and engage without risk to their personal information. We're on a mission to set the standard for secure interactions between consumers and the world's leading brands, and our innovative products build trust and deliver value though exceptional experiences.

We're trusted by many of the world's leading brands to help them manage the personal data from customer enquiries and transactions safely. Our solutions enable payment transactions to be performed securely and help protect sensitive personal data across any customer engagement channel and device the customer chooses.

Protected by multiple patents, our solutions remove sensitive personal and payment data from contact centres and IT environments, as the best way to secure data is not to collect it. This allows organisations to be not just compliant but secure, increase efficiency, lower operational costs, and provide an excellent customer experience. This is our specialism.

Our solutions are delivered globally through multiple cloud platforms or can be deployed on the client's site. 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, and our extensive portfolio of typically large enterprise clients spans a broad range of vertical markets including 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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(END) Dow Jones Newswires

November 22, 2023 10:42 ET (15:42 GMT)

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