17 Sep 2010 10:41

17 September 2010
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Eckoh plc
("Eckoh" or the "Company")
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Update on Redstone Loan Repayment
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Further to the announcement of 13 September 2010, Eckoh announces that it has sold an additional 20 million shares in Redstone plc ("Redstone") (Redstone having waived the lock-in in respect of those shares) for ÂŁ100,000 before expenses.Â
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Following the transaction, Eckoh retains 60 million shares in Redstone, representing approximately 2.26% of the issued share capital. In accordance with the loan repayment agreement, these shares remain subject to a lock-in until 8 September 2011.
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Enquiries:
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Eckoh plc |
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Nik Philpot, Chief Executive Officer |
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Adam Moloney, Group Finance Director |
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www.eckoh.com |
Tel: 01442 458 300 |
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Corfin Public Relations |
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Harry Chathli, Claire Norbury |
Tel: 020 7596 2860 |
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Seymour Pierce |
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Jonathan Wright, Jeremy Porter (Nominated Adviser) |
Tel: 020 7107 8000 |
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Jacqui Briscoe (Corporate Broking) |
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