ECKOH PLC

Director's Dealing • Jul 25, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0145M

Eckoh PLC

25 July 2017

Eckoh plc

("Eckoh" or the "Company")

PDMR Share Dealings

Eckoh announces that it has issued 390,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Ed Johnson; Chief Operating Officer of Eckoh UK and a PDMR of the Company. The options being exercised were granted under the 2012 Eckoh plc Long Term Incentive Plan ("the plan") and the number of New Shares that ultimately vested was subject to the satisfaction of share price targets which were comfortably exceeded well ahead of the earliest date of exercise, being 1 January 2016. Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM, with dealings expected to commence on 4 August 2017 ("Admission").

Following Admission, the Company will have a total of 251,923,520 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 251,923,520 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 Guidance and Transparency Rules.

Subsequent to their issue, Eckoh was notified by Ed Johnson that the New Shares were sold on 24 July 2017 at a price of 46.5p per share (the "Sale"). As a result of the Sale, Ed Johnson is not holding any ordinary shares in the capital of the Company.

For further enquiries, please contact:

Eckoh plc                                                         Tel: 01442 458 300

Nik Philpot, Chief Executive Officer

Chrissie Herbert, Chief Financial Officer

www.eckoh.com                                               

FTI Consulting LLP                                          Tel: 020 3727 1000

Ed Bridges / Chris Lane / Emma Appleton / Darius Alexander

eckoh@fticonsulting.com 

N+1 Singer (Nomad & Joint Broker)                 Tel: 020 7496 3000

Shaun Dobson / Lauren Kettle

www.n1singer.com

Berenberg (Joint Broker)                                 Tel: 020 3207 7800

Ben Wright / Chris Bowman / Amritha Murali

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 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") as well as wider data security regulations. Eckoh has been a PCI DSS Level One accredited Service Provider since 2010. 

Eckoh's customer contact solutions enable enquiries to be answered through multiple channels, allowing organisations to increase efficiency, lower operational costs and provide a true omni-channel experience to their customers. We also assist organisations to transform 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.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ed Johnson

2

Reason for the notification

a)

Position/status

Chief Operating Officer of Eckoh UK (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Eckoh plc

b)

LEI

213800Z885E2BBU1CR76

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

ISIN Code: GB0033359141

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s):	Volume(s):
Nil	390,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

24 July 2017

f)

Place of the transaction

Off-market transaction

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ed Johnson

2

Reason for the notification

a)

Position/status

Chief Operating Officer of Eckoh UK (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Eckoh plc

b)

LEI

213800Z885E2BBU1CR76

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

ISIN Code: GB0033359141

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s):	Volume(s):
46.50 pence	390,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

24 July 2017

f)

Place of the transaction

London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGCGDRGUDBGRU