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17 Sep 2010 10:41
17 September 2010
Eckoh plc
("Eckoh" or the "Company")
Update on Redstone Loan Repayment
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 £100,000 before expenses.
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.
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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