Purchase of Shares by Director of Syntec

RNS Number : 3490C

Eckoh PLC

22 February 2022

 

22 February 2022

Reach

Eckoh plc 

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

Purchase of Shares by Director of Syntec

Eckoh, the global provider of secure payment products and customer contact solutions, is pleased to announce that on 18 February 2022, Colin Westlake, (Chief Executive and co-founder of Syntec, which Eckoh acquired in December 2021) purchased a total of 50,000 ordinary shares of 0.25p ("Ordinary Shares") at a price of 50 pence per Ordinary Share.

As a result, Colin's total interest in Eckoh has increased to approximately 1.2%.

Name	No. of Shares held prior to Acquisition	No of Shares Acquired	Resultant Holding
Colin Westlake*	3,496,800	50,000	3,546,800

*together with his affiliates

Nik Philpot, Chief Executive Officer at Eckoh, commented:

"It is great to see the most senior member of the Syntec management team buying shares in Eckoh, clearly demonstrating his confidence in the future prospects of the combined business. We are enjoying working with Colin and the Syntec team whilst we integrate the business and have great expectations for an exciting and beneficial future together."

For further enquiries, please contact:

Eckoh plc Nik Philpot, Chief Executive Officer  Chrissie Herbert, Chief Financial Officer www.eckoh.com	Tel: [phone]
FTI Consulting LLP Ed Bridges / Jamie Ricketts / Tom Blundell  [e-mail]	Tel: [phone]
Singer Capital Markets (Nomad and Joint Broker)  Shaun Dobson / Tom Salvesen / Alex Bond / Kailey Aliyar www.singercm.com	Tel: [phone]
Canaccord Genuity Limited (Joint Broker)  Simon Bridges / Andrew Potts www.canaccordgenuity.com	Tel: [phone]

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 multiple channels. The products, which include the patented CallGuard, 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.

 

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