Last checked at 13 Jun 2019 07:00
13 June 2019
Eckoh plc
("Eckoh" or the "Company")
Exercise of options and PDMR dealing
Eckoh announces that it has issued 1,229,488 new ordinary shares in the capital of the Company (the "New Ordinary Shares") following an exercise of share options by employees, including 1,099,488 New Ordinary Shares by Ed Johnson, Chief Operating Officer of Eckoh UK (a PDMR of the Company).
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 19 June 2019 ("Admission").
Total Voting Rights
Following Admission, the Company will have a total of 255,351,256 Ordinary Shares in issue. Pursuant to the 2019 Annual Report published on 12 June 2019, 1,290,037 of these Ordinary Shares are held in treasury and, as a result, the Ordinary Shares in issue carrying voting rights will be 254,061,219. Shareholders may use this figure of 254,061,219 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.
Of the New Ordinary Shares issued to Ed Johnson, 795,000 were sold on 12 June 2019 at a price of 44.5p per share, principally to cover the tax charge incurred immediately following the exercise of share options, with the balance of 304,488 New Ordinary Shares retained. As a result, Ed has an interest in 304,488 Ordinary Shares in the Company, representing approximately 0.1 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 | |
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) | Tel: 020 7496 3000 |
Shaun Dobson / Justin McKeegan | |
www.n1singer.com | |
Canaccord Genuity Limited (Joint Broker) | Tel: 020 7523 8000 |
Simon Bridges / Emma Gabriel |
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 multiple channels. The products, which include the patented CallGuard, 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 $2bn 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 Media ResponseUK@eckoh.com
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Edward Alexander Johnson | |
2 | Reason for the notification | ||
a) | Position/status | Chief Operating Officer of Eckoh UK | |
b) | Initial notification /Amendment | 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 instrument, type of instrument
Identification code
|
(1) Options over Ordinary shares of 0.25 pence each (2) Ordinary shares of 0.25 pence each
GB0033359141
| |
b) | Nature of the transaction | (1) Exercise of Options over Ordinary Shares (2) Sale of Ordinary Shares | |
c)
| Price(s) and volume(s)
| Price | Volume |
(2) 44.5 pence | (1) 1,099,488 Options (2) 795,000 Shares | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| |
e) | Date of the transaction | 12 June 2019 | |
f) | Place of the transaction | London Stock Exchange | |