Eckoh PLC Exercise of Options and Director Shareholding (8572X)

TIDMECK

RNS Number : 8572X

Eckoh PLC

27 February 2017

Eckoh plc

("Eckoh", the "Group" or the "Company")

Exercise of Options and Directors' Shareholding

Eckoh announces that on 23 February 2017 it issued 66,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Adam Moloney; Group Finance Director. 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 10 March 2017 ("Admission").

Following Admission, the Company will have a total of 242,996,059 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 242,996,059 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 Guidance and Transparency Rules.

Following this issue, the Company was notified that the New Shares were sold, also on 23 February 2017, at a price of 38.25p per share. As a result, Adam Moloney's holding in the Company remains unchanged at 1,414,513 ordinary shares, representing 0.58 per cent. of the Company's total voting rights, as enlarged following Admission.

For further enquiries, please contact:

   Eckoh plc                                                         Tel: [phone] 

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com

   Buchanan                                                        Tel: [phone] 

Giles Sanderson, Steph Watson

www.buchanan.uk.com

   N+1 Singer                                                       Tel: [phone] 

Shaun Dobson, Lauren Kettle

www.n1singer.com

Berenberg

   Ben Wright, Chris Bowman, Amritha Murali         Tel: [phone] 

www.berenberg.de/en

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------- 
 a)   Name                       Adam Moloney 
---  -------------------------  -------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------- 
 a)   Position/status            Group Finance Director of 
                                  Eckoh plc 
---  -------------------------  -------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  -------------------------- 
 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             Ordinary shares of 0.25p 
       the financial              each ("Ordinary Shares") 
       instrument, type 
       of instrument 
                                  ISIN Code: GB0033359141 
       Identification 
       code 
---  -------------------------  -------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  -------------------------- 
 c)   Price(s) and volume(s)      Price(s):    Volume(s): 
                                   nil pence    66,000 
---  -------------------------  -------------------------- 
 d)   Aggregated information     N/A 
 
       - Aggregated volume 
 
       - Price 
---  -------------------------  -------------------------- 
 e)   Date of the transaction    23 February 2017 
---  -------------------------  -------------------------- 
 f)   Place of the transaction   Off market transaction 
---  -------------------------  -------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------ 
 a)   Name                       Adam Moloney 
---  -------------------------  --------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------ 
 a)   Position/status            Group Finance Director of 
                                  Eckoh plc 
---  -------------------------  --------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  --------------------------- 
 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             Ordinary shares of 0.25p 
       the financial              each ("Ordinary Shares") 
       instrument, type 
       of instrument 
                                  ISIN Code: GB0033359141 
       Identification 
       code 
---  -------------------------  --------------------------- 
 b)   Nature of the              Sale of shares 
       transaction 
---  -------------------------  --------------------------- 
 c)   Price(s) and volume(s)      Price(s):      Volume(s): 
                                   38.25 pence    66,000 
---  -------------------------  --------------------------- 
 d)   Aggregated information     N/A 
 
       - Aggregated volume 
 
       - Price 
---  -------------------------  --------------------------- 
 e)   Date of the transaction    23 February 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

DSHLLFEFFDIRFID

(END) Dow Jones Newswires

February 27, 2017 02:01 ET (07:01 GMT)