23 Jun 2017 07:00
23 June 2017
Escher Group Holdings plc
Director/PDMR Shareholding
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software to the postal industry, received notification that Liam Church, President and Chief Executive Officer, sold 910,000 ordinary shares in the Group ("Ordinary Share") at a price of 185 pence per Ordinary Share and that Fionnuala Higgins, Chief Commercial Officer, sold 910,000 Ordinary Shares at a price of 185 pence per Ordinary Share, earlier today.
Following the sale, Liam Church has a beneficial interest of 895,160 Ordinary Shares representing 4.77% of the Group's issued share capital.
Following the sale, Fionnuala Higgins has a beneficial interest of 895,160 Ordinary Shares representing 4.77% of the Group's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Liam Church | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| President and Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| Escher Group Holdings 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 | |||||
a)
| Description of the financial instrument, type of instrument
| Ordinary Shares of EUR0.005 | ||||
b) | Identification code
| IE00B6SKRB38 | ||||
c)
| Nature of the transaction
| Sale of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
910,000 185p | ||||
e)
| Date of the transaction | 22 June 2017 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Fionnuala Higgins | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Commercial Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| Escher Group Holdings 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 | |||||
a)
| Description of the financial instrument, type of instrument
| Ordinary Shares of EUR0.005 | ||||
b) | Identification code
| IE00B6SKRB38 | ||||
c)
| Nature of the transaction
| Sale of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
910,000 185p
| ||||
e)
| Date of the transaction | 22 June 2017 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Enquiries:
Escher www.eschergroupholdings.com | +353 (0)1 254 5400 |
Liam Church, Chief Executive Officer Clem Garvey, Chief Financial Officer | |
Panmure Gordon | +44 (0)20 7886 2500 |
Andrew Godber/Alina Vaskina, Corporate Finance | |
Erik Anderson, Corporate Broking | |
Instinctif Partners | +44 (0)20 7457 2020 |
Adrian Duffield/Chris Birt |
About Escher
Escher is a world leading provider of outsourced point-of-service software for use in the worldwide postal, retail and government sectors. Its core software, Riposte®, a Digital Transaction Platform enables its customers to expand their offerings, providing new services, reducing costs and increasing efficiency
The Riposte® Platform securely extends the retail branch network. Escher's technology creates new revenue opportunities, it streamlines operations and its flexibility allows it to be deployed across multiple platforms and devices, giving the ultimate freedom of choice when it comes to channel and hardware selection.
Escher's focus is to ensure the success of its customers by delivering the very best in innovative technology for their business.