Eckoh PLC Exercise of Options (6694Q)

TIDMECK

RNS Number : 6694Q

Eckoh PLC

21 February 2019

21 February 2019

Eckoh plc

("Eckoh" or the "Company")

Exercise of Options

Eckoh (AIM:ECK), the global provider of secure payment products and customer contact solutions, announces that it has issued 533,248 new ordinary shares in the capital of the Company (the "New Ordinary Shares") following an exercise of share options by a former 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 27 February 2019 ("Admission").

Following Admission, the Company will have a total of 254,121,768 Ordinary Shares in issue. Of these Ordinary Shares, 362,022 are held in treasury and as a result, the Ordinary Shares in issue carrying voting rights will be 253,759,746. Shareholders may use this figure of 253,759,746 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 enquiries, please contact: 
 
 Eckoh plc                                   Tel: [phone] 
 Nik Philpot, Chief Executive Officer 
 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)           Tel: [phone] 
 Shaun Dobson / Justin McKeegan 
 www.n1singer.com 
 
 Canaccord Genuity Limited (Joint Broker)    Tel: [phone] 
 Simon Bridges / Emma Gabriel 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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February 21, 2019 02:00 ET (07:00 GMT)