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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eckoh Plc | LSE:ECK | London | Ordinary Share | GB0033359141 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 2.53% | 40.50 | 39.00 | 42.00 | 40.50 | 39.50 | 39.50 | 92,997 | 08:20:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Services, Nec | 38.82M | 4.64M | 0.0160 | 25.31 | 117.63M |
From Apr 2019 to Apr 2024
TIDMECK
RNS Number : 0814I
Eckoh PLC
14 June 2017
14 June 2017
Eckoh plc
("Eckoh", the "Group" or the "Company")
Exercise of Options and Directors' Shareholdings
Eckoh announces that it has issued 6,423,974 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Nik Philpot; Chief Executive Officer 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 20 June 2017 ("Admission").
In addition, the Company also announces the following dealings by certain Eckoh Directors.
-- Of the New Shares issued to Nik Philpot, 5,402,562 were sold on 13 June 2017 at a price of 44 pence, principally to cover the tax charge incurred immediately following the option exercise, and the balance of 1,021,412 were retained. As a result, Nik has increased his ordinary share holding in the Company by 17.4% to 6,876,285 ordinary shares, which will represent 2.74% of the Company's total voting rights, as enlarged following Admission.
-- Chris Batterham, Non-Executive Chairman, notified Eckoh that on 13 June 2017 he sold 800,000 existing ordinary shares in the capital of the Company (the "Ordinary Shares") at a price of 44 pence per Ordinary Share. This represents the first ever disposal for Chris, having steadily increased his holding since his appointment in July 2009 and is done in anticipation of his already announced retirement from the Eckoh board at the forthcoming annual general meeting. Following this sale, Chris holds 200,000 Ordinary Shares, representing 0.08 per cent. of the Company's total voting rights, as enlarged following Admission.
-- Finally, Christopher Humphrey, Non-Executive Director and to be appointed Non-Executive Chairman following the Group's annual general meeting in September, notified Eckoh that on 13 June 2017 he purchased 200,000 Ordinary Shares at a price of 44 pence per Ordinary Share. Following this purchase, Christopher holds a total of 250,000 Ordinary Shares, representing 0.10 per cent. of the Company's total voting rights, as enlarged following Admission.
Following Admission, the Company will have a total of 250,723,520 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 250,723,520 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 and Transparency Rules.
For further enquiries, please contact:
Hot Features
Premium
Eckoh plc
Nik Philpot, Chief Executive Tel: 01442
Officer 458 300
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)
Shaun Dobson, Lauren Kettle Tel: 020 7496
3000
www.n1singer.com
Berenberg (Joint Broker)
Ben Wright, Chris Bowman, Amritha Tel: 020 3207
Murali 7800
www.berenberg.de/en
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Nik Philpott
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- ---------------------------
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
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):
44.00 pence 6,423,974
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 13 June 2017
--- ------------------------- ---------------------------
f) Place of the transaction Off-market transaction
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Nik Philpott
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- ---------------------------
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
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):
44.00 pence 5,402,562
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 13 June 2017
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Chris Batterham
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Non-Executive Chairman
--- ------------------------- ---------------------------
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
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):
44.00 pence 800,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 13 June 2017
--- ------------------------- ---------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------
a) Name Christopher Humphrey
--- ------------------------- ---------------------------
2 Reason for the notification
--- ------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------- ---------------------------
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
instrument, type
of instrument
ISIN Code: GB0033359141
Identification
code
--- ------------------------- ---------------------------
b) Nature of the Purchase of shares
transaction
--- ------------------------- ---------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
44.00 pence 200,000
--- ------------------------- ---------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------
e) Date of the transaction 13 June 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
DSHKMGMVGDMGNZM
(END) Dow Jones Newswires
June 14, 2017 07:00 ET (11:00 GMT)
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