Director, PDMR and Eckoh EBT Share Dealings

RNS Number : 0616K

Eckoh PLC

04 July 2017

 

Eckoh plc

("Eckoh" or the "Company")

Director, PDMR and Eckoh EBT Share Dealings

Director dealing

Eckoh has received notification that on 3 July 2017 Christopher Humphrey, Non-Executive Director and to be appointed Non-Executive Chairman following the Company's annual general meeting in September, purchased 100,000 ordinary shares in the capital of the Company at a price of 46.5p per ordinary share. As a result of this purchase, Christopher is holding a total of 350,000 Eckoh ordinary shares, representing 0.14 per cent. of the issued share capital of the Company, as enlarged by the issue of the New Shares (as described below).

Exercise of options and PDMR dealing

Eckoh announces that it has issued 560,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Ed Johnson; Chief Operating Officer of Eckoh UK and a PDMR 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 17 July 2017 ("Admission").

Following Admission, the Company will have a total of 251,283,520 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 251,283,520 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 Guidance and Transparency Rules.

Subsequent to their issue, Eckoh was notified by Ed Johnson that the New Shares were sold on 3 July 2017 at a price of 46.5p per share (the "Sale"). As a result of the Sale, Ed Johnson is not holding any ordinary shares in the capital of the Company.

Purchase of shares by Eckoh EBT

The Company also announces that on 3 July 2017 Eckoh's employee benefit trust ("EBT"), purchased 234,656 ordinary shares in the capital of the Company (the "Shares") at a price of 47.5p per Share, to be held on trust for the purpose of satisfying future awards to beneficiaries of the Company's share incentive plan ("SIP"). As Nik Philpot (CEO) and Adam Winterflood (Commercial Director) are trustees and administrators of the EBT, they are therefore treated as having an interest in the Shares. In addition, certain PDMRs of the Company, being David Holliday (IT Director) and Ed Johnson (Chief Operating Officer of Eckoh UK), are potential beneficiaries of the SIP and therefore also treated as having an interest in the Shares.

Following settlement of the above purchase of Shares, the EBT will hold a total of 555,871 ordinary shares, equivalent to 0.22 per cent. of the ordinary share capital of Eckoh, as enlarged by the issue of the New Shares.

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 / Chris Lane / Emma Appleton / Darius Alexander
[e-mail]
N+1 Singer (Nomad & Joint Broker)	Tel: [phone]
Shaun Dobson / Lauren Kettle
www.n1singer.com
Berenberg (Joint Broker)	Tel: [phone]
Ben Wright / Chris Bowman / Amritha Murali

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Johnson
2	Reason for the notification
a)	Position/status	Chief Operating Officer of Eckoh UK (PDMR)
b)	Initial notification /Amendment	Initial Notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 0.25p each ISIN Code: GB0033359141
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s): Volume(s): Nil 560,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	3 July 2017
f)	Place of the transaction	Off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Johnson
2	Reason for the notification
a)	Position/status	Chief Operating Officer of Eckoh UK (PDMR)
b)	Initial notification /Amendment	Initial Notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 0.25p each ISIN Code: GB0033359141
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 46.50 pence 560,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	3 July 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 /Amendment	Initial Notification
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 the financial instrument, type of instrument Identification code	Ordinary shares of 0.25p each ISIN Code: GB0033359141
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 46.50 pence 100,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	3 July 2017
f)	Place of the transaction	London Stock Exchange

 

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