Eckoh PLC Issue of Equity and PDMR Holding (3928P)

TIDMECK

RNS Number : 3928P

Eckoh PLC

17 November 2016

 
 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: [phone]

Adam Moloney, Group Finance Director

www.eckoh.com

Buchanan

Sophie McNulty, Stephanie Watson Tel: [phone]

www.buchanan.uk.com

N+1 Singer (Nomad & Joint Broker)

Shaun Dobson, Lauren Kettle Tel: [phone]

www.n1singer.com

Berenberg (Joint Broker)

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                       Todd Funk 
---  -------------------------  --------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status            Senior Executive Vice President, 
                                  US Operations (PDMR) 
---  -------------------------  --------------------------------- 
 b)   Initial notification       Initial 
       /Amendment 
---  -------------------------  --------------------------------- 
 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               Ordinary Shares of 0.25p 
       instrument, type            each 
       of instrument 
                                   GB0033359141 
       Identification 
       code 
---  -------------------------  --------------------------------- 
 b)   Nature of the              Issue of shares as deferred 
       transaction                consideration 
---  -------------------------  --------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    43.18p     342,744 
                                   ---------  ---------- 
---  -------------------------  --------------------------------- 
 d)   Aggregated information     N/A (individual transaction) 
 
       - Aggregated volume 
 
       - Price 
---  -------------------------  --------------------------------- 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 17, 2016 02:00 ET (07:00 GMT)