17 Nov 2016 07:00
For Immediate Release | 17 November 2016 |
Eckoh plc
("Eckoh" or the "Company")
Issue of Equity
and PDMR Holding
Eckoh (AIM: ECK), the global provider of secure payment products and customer contact solutions, announces that, pursuant to the acquisition of Product Support Solutions, Inc ("PSS")on 18 November 2015, application has today been made for 1,524,159 Ordinary Shares, comprising the outstanding balance of the Total Consideration Shares, to be admitted to trading on AIM. This is expected to occur on 22 November 2016 ("Admission").
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Following Admission, the Company will have a total of 242,573,059 Ordinary Shares in issue each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. Shareholders may use this figure of 242,573,059 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Following Admission, Todd Funk, Senior Executive Vice President, US Operations, and formerly CEO of PSS, will hold a total of 692,242 Ordinary Shares which will represent 0.29% of the enlarged issued share capital.
This announcement contains inside information.
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
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Todd Funk | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Senior Executive Vice President, US Operations (PDMR) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Eckoh plc | ||||
b)
| LEI
| |||||
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
Identification code
|
Ordinary Shares of 0.25p each
GB0033359141
| ||||
b)
| Nature of the transaction
| Issue of shares as deferred consideration | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price | N/A (individual transaction)
| ||||
e)
| Date of the transaction
| 17 November 2016 | ||||
f)
| Place of the transaction
| Off-market transaction | ||||
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.
Eckoh Technologies (ECK)