Escher Group Holdings PLC Director/PDMR Shareholding (9561I)

TIDMESCH

RNS Number : 9561I

Escher Group Holdings PLC

23 June 2017

23 June 2017

Escher Group Holdings plc

Director/PDMR Shareholding

Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software to the postal industry, received notification that Liam Church, President and Chief Executive Officer, sold 910,000 ordinary shares in the Group ("Ordinary Share") at a price of 185 pence per Ordinary Share and that Fionnuala Higgins, Chief Commercial Officer, sold 910,000 Ordinary Shares at a price of 185 pence per Ordinary Share, earlier today.

Following the sale, Liam Church has a beneficial interest of 895,160 Ordinary Shares representing 4.77% of the Group's issued share capital.

Following the sale, Fionnuala Higgins has a beneficial interest of 895,160 Ordinary Shares representing 4.77% of the Group's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
        Details of the person discharging managerial 
   1     responsibilities / person closely associated 
-----  --------------------------------------------------------- 
 a)     Names                      Liam Church 
-----  -------------------------  ------------------------------ 
 2      Reason for the notification 
-----  --------------------------------------------------------- 
 a)     Position/status            President and 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                       Escher Group Holdings plc 
-----  -------------------------  ------------------------------ 
 b)     LEI                        N/A 
-----  -------------------------  ------------------------------ 
 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 EUR0.005 
         the financial 
         instrument, type 
         of instrument 
-----  -------------------------  ------------------------------ 
 b)     Identification             IE00B6SKRB38 
         code 
-----  -------------------------  ------------------------------ 
 c)     Nature of the               Sale of shares 
         transaction 
-----  -------------------------  ------------------------------ 
 d)     Price(s) and                Price(s)   Volume(s) 
         volume(s)                  ---------  ---------- 
                                     185p       910,000 
                                    ---------  ---------- 
-----  -------------------------  ------------------------------ 
 d)     Aggregated information 
   - Aggregated 
    volume                          910,000 
   - Price                           185p 
 -------------------------------  ------------------------------ 
 e)     Date of the transaction    22 June 2017 
-----  -------------------------  ------------------------------ 
 f)     Place of the               London Stock Exchange 
         transaction 
-----  -------------------------  ------------------------------ 
 
 
        Details of the person discharging managerial 
   1     responsibilities / person closely associated 
-----  ------------------------------------------------------- 
 a)     Names                      Fionnuala Higgins 
-----  -------------------------  ---------------------------- 
 2      Reason for the notification 
-----  ------------------------------------------------------- 
 a)     Position/status            Chief Commercial Officer 
-----  -------------------------  ---------------------------- 
 b)     Initial notification       Initial Notification 
         /Amendment 
-----  -------------------------  ---------------------------- 
 3      Details of the issuer, emission allowance market 
         participant, auction platform, auctioneer or 
         auction monitor 
-----  ------------------------------------------------------- 
 a)     Name                       Escher Group Holdings plc 
-----  -------------------------  ---------------------------- 
 b)     LEI                        N/A 
-----  -------------------------  ---------------------------- 
 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 EUR0.005 
         the financial 
         instrument, type 
         of instrument 
-----  -------------------------  ---------------------------- 
 b)     Identification             IE00B6SKRB38 
         code 
-----  -------------------------  ---------------------------- 
 c)     Nature of the               Sale of shares 
         transaction 
-----  -------------------------  ---------------------------- 
 d)     Price(s) and                Price(s)   Volume(s) 
         volume(s)                  ---------  ---------- 
                                     185p       910,000 
                                    ---------  ---------- 
-----  -------------------------  ---------------------------- 
 d)     Aggregated information 
   - Aggregated 
    volume                          910,000 
   - Price                           185p 
 -------------------------------  ---------------------------- 
 e)     Date of the transaction    22 June 2017 
-----  -------------------------  ---------------------------- 
 f)     Place of the               London Stock Exchange 
         transaction 
-----  -------------------------  ---------------------------- 
 

Enquiries:

 
 Escher www.eschergroupholdings.com    [phone] 
 Liam Church, Chief Executive 
  Officer 
  Clem Garvey, Chief Financial 
  Officer 
 
                                       [phone] 
 Panmure Gordon                         2500 
 Andrew Godber/Alina Vaskina, 
  Corporate Finance 
 Erik Anderson, Corporate Broking 
 
                                       [phone] 
 Instinctif Partners                    2020 
 Adrian Duffield/Chris Birt 
 

About Escher

Escher is a world leading provider of outsourced point-of-service software for use in the worldwide postal, retail and government sectors. Its core software, Riposte(R) , a Digital Transaction Platform enables its customers to expand their offerings, providing new services, reducing costs and increasing efficiency

The Riposte(R) Platform securely extends the retail branch network. Escher's technology creates new revenue opportunities, it streamlines operations and its flexibility allows it to be deployed across multiple platforms and devices, giving the ultimate freedom of choice when it comes to channel and hardware selection.

Escher's focus is to ensure the success of its customers by delivering the very best in innovative technology for their business.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 23, 2017 02:01 ET (06:01 GMT)