Deferred share awards

RNS Number : 0095J

Eckoh PLC

23 June 2011

 



For immediate release                                                                                                          23 June 2011

Eckoh plc

("Eckoh" or the "Company")

Deferred share awards

 

Following the achievement of certain performance targets set at the beginning of the 2010/11 financial year under the terms of the Company's 2010 Bonus Scheme ("Bonus Scheme"), the Remuneration Committee of the Company has granted an award of deferred ordinary shares of 0.25p each in the Company to the Executive Directors as follows;

Nik Philpot                                           761,286

Adam Moloney                                  468,484

Under the terms of the Bonus Scheme, 50 per cent. of any bonus payable to senior management is to be made in the form of deferred shares in the Company in order to align senior management's interests with those of shareholders. 50 per cent. of the deferred share awards made to each individual will vest 12 months following the award date of 22 June 2011, with the remaining shares vesting 24 months following the award date. The exercise price of the awards is set at the nominal value of 0.25p per ordinary share.

Enquiries:

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com                                                                        Tel: [phone]

Buchanan          

Jeremy Garcia, Christian Goodbody, Gabriella Clinkard                 Tel: [phone]

Singer Capital Markets

Shaun Dobson                                                                           Tel: [phone]

Notes to Editors:

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading developer of speech recognition for customer contact centres.

Eckoh also provides complementary web, mobile and smartphone applications to its portfolio of blue chip clients.

Eckoh's sophisticated technology enables routine enquiries, transactions or payments to be processed without the need for the consumer to actually talk to an agent. This significantly reduces its clients' operational costs, whilst freeing up agents to deal with more complex enquiries. Eckoh is the largest developer of such hosted services in the UK.

Eckoh's secure and resilient infrastructure has the scalability to handle over 650,000 calls an hour and up to 8,000 calls simultaneously, which means calls can always be answered no matter how unpredictable the circumstances.

For more information, visit: www.eckoh.com

 

END

 

 

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