Update on Redstone Loan Repay

RNS Number : 8808S

Eckoh PLC

17 September 2010

 



17 September 2010

Eckoh plc

("Eckoh" or the "Company")

Update on Redstone Loan Repayment

Further to the announcement of 13 September 2010, Eckoh announces that it has sold an additional 20 million shares in Redstone plc ("Redstone") (Redstone having waived the lock-in in respect of those shares) for £100,000 before expenses. 

Following the transaction, Eckoh retains 60 million shares in Redstone, representing approximately 2.26% of the issued share capital. In accordance with the loan repayment agreement, these shares remain subject to a lock-in until 8 September 2011.

Enquiries:

Eckoh plc
Nik Philpot, Chief Executive Officer
Adam Moloney, Group Finance Director
www.eckoh.com	Tel: [phone]
Corfin Public Relations
Harry Chathli, Claire Norbury	Tel: [phone]
Seymour Pierce
Jonathan Wright, Jeremy Porter (Nominated Adviser)	Tel: [phone]
Jacqui Briscoe (Corporate Broking)

 

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