Last checked at 13 Oct 2016 14:45
For immediate release | 13 October 2016 |
Eckoh plc
("Eckoh" or "the Company")
Senior US Management Appointment
And
Award of Options
Eckoh plc (AIM: ECK), the global provider of secure payment products and customer contact solutions, is pleased to announce that Dan Arntz, Eckoh's Senior Executive Vice President of US Sales, has been promoted with immediate effect to President of Eckoh US reporting into Nik Philpot, Eckoh's CEO. This newly created role will strengthen Eckoh US' management capability, and with Dan assuming overall responsibility for the US business he will ensure that it has the appropriate focus in line with the Group's strategy.
Dan joined Eckoh in May 2016, bringing with him over 20 years' senior sales and management experience in the technology and payments industry working for companies including IBM and First Data. Most recently, Dan spent four years as Senior Vice President of Sales at West Corporation ("West"), the Company's US partner.
Since joining Eckoh, Dan has helped Eckoh's US sales pipeline grow to record levels, including securing two multi-million dollar deals in June 2016. He is also leading the transition of the majority of the US sales pipeline to the Software-as-a-Service ("SaaS") pricing model in line with the UK business. The SaaS model will bring a number of benefits to the business, increasing the Company's proportion of recurring revenues in the US, offering longer-term client relationships and generating higher overall gross margins.
Following his promotion, Dan has also been awarded options over 400,000 Ordinary Shares in the Company ("the Options"), representing 0.17% of the issued share capital of the Company. The Options have an exercise price of 38.75 pence per share, a vesting period of three years and to be exercisable the share price will need to have increased by more than the RPI plus 15%.
Nik Philpot, Chief Executive Officer of Eckoh, commented:
"We are delighted to announce the promotion of Dan to President of Eckoh US. He has quickly and successfully delivered a positive impact on our US sales pipeline and we are confident that in this more pivotal role he will help drive the continued progress of the US business as a whole."
- Ends-
For more information, please contact:
Eckoh plc
Nik Philpot, Chief Executive Officer Tel: 01442 458 300
Adam Moloney, Group Finance Director
www.eckoh.com
Buchanan
Sophie McNulty, Stephanie Watson Tel: 020 7466 5000
www.buchanan.uk.com
N+1 Singer (Nomad & Joint Broker)
Shaun Dobson, Lauren Kettle Tel: 020 7496 3000
www.n1singer.com
Berenberg (Joint Broker)
Ben Wright, Chris Bowman, Amritha Murali Tel: 020 3207 7800
www.berenberg.de/en
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 Haloh Suite of 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") and wider data security regulations. Eckoh has been a PCI DSS Level One accredited Service Provider since 2010, processing over $1 billion in card 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 omni-channel 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
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Dan Arntz | ||||
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| Reason for the notification
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a)
| Position/status
| President of Eckoh US | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Eckoh plc | ||||
b)
| LEI
| n/a | ||||
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
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a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 0.25p each ("Ordinary Shares")
ISIN Code: GB0033359141
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b)
| Nature of the transaction
| Grant of options over ordinary shares | ||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 13/10/2016 | ||||
f)
| Place of the transaction
| Off market | ||||