Director share dealings and issue of equity

RNS Number : 8914M
Eckoh PLC
21 September 2012
 



For immediate release

21 September 2012

 

 

Eckoh plc ("Eckoh" or the "Company")

 

Director share dealings and issue of equity

 

 

The Company today announces that on 20 September 2012 Nik Philpot, Chief Executive Officer of Eckoh, and Adam Moloney, Finance Director of Eckoh have exercised a number of option schemes. Following these transactions, both Nik Philpot and Adam Moloney have increased their holding in the Company.

 

In accordance with the rules of the Eckoh plc share option scheme (1999), the Eckoh plc Enterprise Management Initiative Share Option Plan (2007) and the 2010 Eckoh plc Bonus Plan, 4,537,075 ordinary shares of 0.25p each in the Company ("Ordinary Shares") have been exercised, the detail of which is listed below:

 

Name

Options exercised

Exercise price

Number of ordinary shares received

Nik Philpot

718,412

7.875p

718,412


1,200,000

8.75p

1,200,000


380,643

nil

380,643

Adam Moloney

250,000

8.50p

250,000


1,750,000

8.75p

1,750,000


238,020

nil

238,020

 

In addition, other employees of Eckoh have exercised options over a further 766,909 ordinary shares of 0.25p each in the Company.

 

Pursuant to the exercise of the options, the Company has allotted 5,303,984 new Ordinary Shares and now has 208,863,560 Ordinary Shares in issue, each carrying the right to one vote. There are no shares held in Treasury. Shareholders may use the figure of 208,863,560 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, Eckoh under the FSA's Disclosure and Transparency Rules.

 

Following the exercise of the options above, the Company was informed on 20 September 2012 that Nik Philpot has sold 1,991,182 ordinary shares and that Adam Moloney has sold 1,900,315 ordinary shares in Eckoh at a price of 13.67 pence per share predominantly in order to cover the cost of exercise and the tax charge that crystallises on completion.

 

As a result of these transactions, Nik Philpot has increased his beneficial shareholding from 4,072,000 to 4,379,873 ordinary shares, which now represents 2.1% of the Company's total voting rights. Adam Moloney has increased his beneficial shareholding from 135,000 to 472,705 ordinary shares which now represents 0.2% of the Company's total voting rights.

 



 

Enquiries:

 

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com                                                                                Tel: 01442 458 300

 

Singer Capital Markets

Shaun Dobson                                                                                   Tel: 020 3205 7500

 

Buchanan          

Jeremy Garcia, Nicola Cronk, Gabriella Clinkard                              Tel: 020 7466 5000

 

Notes to Editors:

 

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading provider of speech recognition and payment solutions across voice, web and mobile channels. We are a PCI DSS Level One accredited Service Provider, currently processing over £250 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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBKDDQNBKDACB

Companies

Eckoh (ECK)
UK 100

Latest directors dealings