Eckoh PLC EBT Share Dealings, Issue of Options and TVR (1427C)

TIDMECK

RNS Number : 1427C

Eckoh PLC

16 June 2021

16 June 2021

Eckoh plc

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

EBT Share Dealing, Issue of Options and Total Voting Rights

Eckoh plc (AIM:ECK), the global provider of secure payment products and customer contact solutions, today announces that, on 15 June 2021, Eckoh's employee benefit trust ("EBT"), purchased 175,000 Ordinary Shares in the capital of the Company (the "Shares"), at a price of approximately 68.5 pence per Share, to be held on trust for the purpose of satisfying future awards to beneficiaries of the Company's share incentive plan (the "Purchase").

As Nik Philpot (CEO) and Chrissie Herbert (CFO) are trustees and administrators of the EBT, they are therefore treated as having an interest in the Shares.

Following settlement of the Purchase of Shares for the EBT, it will hold a total of 2,036,710 Shares, equivalent to 0.80 per cent. of the Ordinary Share capital of Eckoh.

Issue of Options

Further, Eckoh has issued 109,744 new ordinary shares in the capital of the Company (the "New Ordinary Shares"), following an exercise of share options by an employee.

The options being exercised were granted under the 2012 Eckoh Long Term Incentive Plan and the number of New Ordinary 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 Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence on 22 June 2021 ("Admission").

Total Voting Rights

Following Admission, the Company will have a total of 255,461,000 Ordinary Shares in issue. Pursuant to the Purchase, the number of Ordinary Shares held in treasury is 1,684,567 and, as a result, the Ordinary Shares in issue carrying voting rights will be 253,776,433. Shareholders may use this figure of 253,776,433 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.

For further information please contact:

 
 Eckoh plc 
 Nik Philpot, Chief Executive Officer               Tel: [phone] 
                                                               300 
 Chrissie Herbert, Chief Financial Officer 
 www.eckoh.com 
 
 FTI Consulting LLP                             Tel: [phone] 
 Ed Bridges, Jamie Ricketts, Darius Alexander 
 [e-mail] 
 
 N+1 Singer (Nomad & Joint Broker) 
 Shaun Dobson, Justin McKeegan                  Tel: [phone] 
 www.n1singer.com 
 
 C anaccord Genuity Limited (Joint Broker) 
 Simon Bridges, Emma Gabriel                    Tel: [phone] 
 www.canaccordgenuity.com 
 

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 and US.

Our Secure Payments products help our clients take payments securely from their customers through all engagement channels. The products, which include the patented CallGuard and ChatGuard, can be hosted in the Cloud or deployed on the client's site and remove sensitive personal and payment data from contact centres and IT environments. They 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, securing over GBP5bn in 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 Omnichannel 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.

For more information go to www.eckoh.com or email [e-mail]

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June 16, 2021 10:10 ET (14:10 GMT)