Deferred share awards

RNS Number : 6530G

Eckoh PLC

02 July 2012

 



For Immediate Release                                                                                         2 July 2012

Eckoh plc

("Eckoh" or "the Company")

Deferred share awards

 

Under the terms of the Company's 2010 Bonus scheme, half of any bonus payable to senior management is to be made in the form of deferred shares in the Company. Following achievement of targets set at the beginning of the 2011/12 financial year, an award of deferred Ordinary shares has been made to the Executive Directors as follows;

Nik Philpot                                           494,000

Adam Moloney                                  334,400

Half of the awards made to each individual will vest 12 months following the award date of 2 July 2012 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 share.

Enquiries:

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com                                                                        Tel: [phone]

Buchanan          

Jeremy Garcia, Nicola Cronk, Gabriella Clinkard                           Tel: [phone]

Singer Capital Markets

Shaun Dobson, Matthew Thomas                                                Tel: [phone]

Notes to Editors:

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading provider of speech recognition and associated payment solutions across voice, web and mobile channels. We are a PCI DSS Level One accredited Service Provider, currently processing over GBP250 million in card payments annually.

Eckoh's solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries.Eckoh is the largest provider of such hosted services in the UK.

Our secure and resilient infrastructure has the scalability to handle up to 8,000 calls simultaneously, which means that calls will always be answered no matter how unpredictable the circumstances.

For more information, visit: www.eckoh.com

 

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