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29 Mar 2017 07:00
Eckoh plc
("Eckoh", the "Group" or the "Company")
Exercise of Options and Directors' Shareholding
Eckoh announces that it has issued 1,303,487 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Adam Moloney; Group Finance Director. 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 11 April 2017 ("Admission").
Following Admission, the Company's will have a total of 244,299,546 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 244,299,546 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.
Following this issue, the Company was notified that of the New Shares, 800,000 shares were sold on 28 March 2017 at a price of 37p per share (the "Sale"). Following the issue of the New Shares and subsequent Sale, Adam Moloney's holding in the Company has increased to 1,918,000 ordinary shares, representing 0.79 per cent. of the Company's total voting rights, as enlarged following Admission.
For further enquiries, please contact:
Eckoh plc Tel: 01442 458 300
Nik Philpot, Chief Executive Officer
Adam Moloney, Group Finance Director
www.eckoh.com
Buchanan Tel: 020 7466 5000
Giles Sanderson, Steph Watson
www.buchanan.uk.com
N+1 Singer Tel: 020 7496 3000
Shaun Dobson, Lauren Kettle
www.n1singer.com
Berenberg
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
| Adam Moloney | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance Director of Eckoh plc | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
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 instrument, type of instrument
Identification code
| Ordinary shares of 0.25p each ("Ordinary Shares")
ISIN Code: GB0033359141
| ||||
b)
| Nature of the transaction
| Exercise of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 28 March 2017 | ||||
f)
| Place of the transaction
| Off market transaction | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Adam Moloney | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance Director of Eckoh plc | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
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 instrument, type of instrument
Identification code
| Ordinary shares of 0.25p each ("Ordinary Shares")
ISIN Code: GB0033359141
| ||||
b)
| Nature of the transaction
| Sale of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 28 March 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
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