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Update on Redstone Loan Repayment

13 Sep 2010 12:22

RNS Number : 5712S
Eckoh PLC
13 September 2010
 



13 September 2010

 

Eckoh plc

("Eckoh" or the "Company")

 

Update on Redstone Loan Repayment

 

Further to the announcements on 24 August and 8 September 2010, Eckoh confirms that of the 200 million shares in Redstone plc ("Redstone") that were issued to Eckoh, 100 million have been sold, as anticipated, for £500,000 (before expenses). In addition, a further 20 million of the Redstone shares have been sold for £100,000 (before expenses) (Redstone having waived the lock-in in respect of those shares). When combined with the £500,000 settlement fee due to be paid this week, a total of £1.1 million will be received by Eckoh. 

 

Eckoh therefore retains 80 million shares in Redstone, representing approximately 3.12% of the issued share capital, and in accordance with the loan repayment agreement, these shares remain subject to a lock-in until 8 September 2011.

 

Enquiries:

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com

Tel: 01442 458 300

Corfin Public Relations

Harry Chathli, Claire Norbury

Tel: 020 7596 2860

Seymour Pierce

Jonathan Wright, Jeremy Porter (Nominated Adviser)

Tel: 020 7107 8000

Jacqui Briscoe (Corporate Broking)

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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MSCKKNDBDBKDKCD
Date   Source Headline
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14th Jan 202511:00 amRNSForm 8.3 - Eckoh plc
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13th Jan 202512:00 pmRNSForm 8.5 (EPT/RI) - Eckoh Plc
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10th Jan 202512:50 pmRNSForm 8.3 - Eckoh plc
10th Jan 202512:00 pmRNSForm 8.5 (EPT/RI) - Eckoh Plc
10th Jan 202511:30 amRNSForm 8.3 - Eckoh plc
10th Jan 20257:00 amRNSHolding(s) in Company
9th Jan 20255:14 pmRNSForm 8.3 - ECKOH PLC
9th Jan 20253:25 pmRNSForm 8.3 - Eckoh plc
9th Jan 20253:03 pmRNSForm 8.3 - ECKOH PLC
9th Jan 20252:13 pmPRNForm 8.3 - Eckoh Plc
9th Jan 202512:23 pmRNSForm 8.3 - Eckoh plc
9th Jan 202512:11 pmRNSForm 8.3 - Eckoh plc
9th Jan 202512:00 pmRNSForm 8.5 (EPT/RI) - Eckoh Plc
9th Jan 202511:42 amRNSForm 8.3 - Eckoh Plc
9th Jan 202510:49 amRNSForm 8.5 (EPT/RI)
8th Jan 20253:25 pmRNSForm 8.3 - Eckoh plc
8th Jan 20253:00 pmRNSForm 8.3 - ECKOH PLC
8th Jan 20252:30 pmRNSForm 8.3 - ECKOH PLC
8th Jan 202512:24 pmRNSForm 8.3 - Eckoh plc
8th Jan 202512:00 pmRNSForm 8.5 (EPT/RI) - Eckoh Plc
8th Jan 20259:59 amPRNForm 8.3 - Eckoh Plc
8th Jan 20259:47 amRNSForm 8.3 - Eckoh plc

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