Director share dealings and issue of equity

RNS Number : 6329F

Eckoh PLC

19 June 2012

 



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

Director share dealings and issue of equity

The Company announces that on 18 June 2012 Nik Philpot, Chief Executive Officer of Eckoh, has exercised the following options over 3,800,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") in accordance with the rules of the Eckohplc Share Option Scheme (1999) and the Eckohplc 2007 Enterprise Management Initiative Share Option Plan:

Name	Options exercised	Exercise price	Number of ordinary shares received
Nik Philpot	3,000,000	6.5p	3,000,000
	800,000	8.75p	800,000

Pursuant to the exercise of the options, the Company has made application to the London Stock Exchange for 3,800,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 21 June 2012.

Following Admission, the Company will have 203,559,576 Ordinary Shares in issue, each carrying the right to one vote. There are no shares held in Treasury. Shareholders may use the figure of 203,559,576as the denominator for the calculations by which theywill determine if they are required to notify their interest in, or a change intheir interest in, Eckoh under the FSA's Disclosure and Transparency Rules.

Following the exercise of the options above, the Company was informed on 18 June that Nik Philpot has sold 3,080,000 ordinary shares in Eckoh at a price of 11.0 pence per share in order to cover the cost of exercise and the tax charge that crystallises on exercise.

In addition, 300,000 Eckoh ordinary shares have been purchased by Nik Philpot for the benefit of his SIPP at a price of 11.25 pence per share and 1,000,000 ordinary shares have been purchased by the SIPP of Nik Philpot from his own beneficial holding at a price of 11.25 pence per share.

As a result of these transactions, Nik Philpot has increased his beneficial shareholding from 3,052,000 to 4,072,000 ordinary shares, which now represents 2% of the Company's total voting rights.

Enquiries:

Eckoh plc	Tel: [phone]
Nik Philpot, Chief Executive Officer
Adam Moloney, Group Finance Director
www.eckoh.com
Singer Capital Markets Shaun Dobson	Tel: [phone]
Buchanan	Tel: [phone]
Jeremy Garcia, Nicola Cronk, Gabriella Clinkard

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

 

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