Issue of Equity, Purchase of Treasury Shares & TVR

RNS Number : 1904G

Eckoh PLC

22 July 2021

 

22 July 2021

Eckoh plc

("Eckoh", the "Group" or the "Company")

Issue of Equity, Purchase of Treasury Shares and Total Voting Rights

Eckoh plc (AIM:ECK), the global provider of secure payment products and customer contact solutions, today announces that it has issued 615,621 new ordinary shares in the capital of the Company (the "New Ordinary Shares"), following an exercise of share options by an employee.

The options being exercised were granted under the 2017 Eckoh plc Performance Share Plan and the number of New Ordinary Shares that ultimately vested was subject to a Total Shareholder Return performance condition, measured over a 3-year performance period.

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence on 23 July 2021 ("Admission").

Treasury Purchase

The Company also announces that, on 22 July 2021, it purchased 200,000 ordinary shares of 0.25p each in the Company at an average price of 62.5p, to be held in Treasury ("Treasury Shares"), which are expected to be used to meet future employers National Insurance for share options yet to be exercised by employees.

Total Voting Rights

Following Admission and the Treasury Purchase, the Company will have a total of 256,076,621 Ordinary Shares in issue. Pursuant to the Purchase, the number of Ordinary Shares held in treasury is 1,875,123 and, as a result, the Ordinary Shares in issue carrying voting rights will be 254,201,498. Shareholders may use this figure of 254,201,498 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.

For further information please contact:

Eckoh plc
Nik Philpot, Chief Executive Officer	Tel: [phone]
Chrissie Herbert, Chief Financial Officer
www.eckoh.com
FTI Consulting LLP	Tel: [phone]
Ed Bridges, Jamie Ricketts, Darius Alexander, Tom Blundell
[e-mail]
Singer Capital Markets (Nomad & Joint Broker)
Shaun Dobson, Justin McKeegan, Kailey Aliyar	Tel: [phone]
www.n1singer.com
C anaccord Genuity Limited (Joint Broker)
Simon Bridges, Emma Gabriel	Tel: [phone]
www.canaccordgenuity.com

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 and US.

Our Secure Payments products help our clients take payments securely from their customers through all engagement channels. The products, which include the patented CallGuard and ChatGuard, can be hosted in the Cloud or deployed on the client's site and remove sensitive personal and payment data from contact centres and IT environments. They 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") and wider data security regulations. Eckoh has been a PCI DSS Level One Accredited Service Provider since 2010, securing over £5bn in payments annually.

Eckoh's Customer Contact solutions enable enquiries and transactions to be performed on whatever device the customer chooses, allowing organisations to increase efficiency, lower operational costs and provide a true Omnichannel experience. We also assist organisations in transforming 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.

For more information go to www.eckoh.com or email [e-mail] 

 

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