REG - Eckoh PLC - EBT Share Dealing, Exercise of Options and TVR

EckohAnnouncement

22/11/2023 15:45

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RNS Number : 3677U  Eckoh PLC  22 November 2023

22 November 2023

 

Eckoh plc

 

("Eckoh" or the "Group")

 

EBT Share Dealing, Exercise of Options and Total Voting Rights

 

 

Eckoh plc (AIM:ECK), the global provider of secure payment products and
customer contact solutions, today announces that on 22 November 2023, Eckoh's
employee benefit trust ("EBT"), purchased 366,000 Ordinary Shares of 0.25p
each in the capital of the Company ("Ordinary Shares"), at a price of
approximately 36.25 pence per Ordinary Share, to be held on trust for the
purpose of satisfying future awards to beneficiaries of the Company's share
incentive plan (the "EBT Shares").

 

As Nik Philpot (CEO) and Chrissie Herbert (CFO) are trustees and
administrators of the EBT, they are therefore treated as having an interest in
the EBT Shares.

 

Following settlement of the purchase of EBT Shares (and Admission of New
Ordinary Shares described below), the EBT will hold a total of 2,964,910
Ordinary Shares, equivalent to 1.02 per cent. of the Ordinary Share capital of
Eckoh.

 

Exercise of Options

 

Further, Eckoh has issued 40,000 new Ordinary Shares in the capital of the
Company (the "New Ordinary Shares"), following an exercise of share options by
an employee on 21 November 2023.

 

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
27 November 2023 ("Admission").

 

Total Voting Rights

 

Following Admission, the Company will have a total of 292,949,261 Ordinary
Shares in issue. Pursuant to the purchase of EBT Shares, the number of
Ordinary Shares held in treasury is 2,510,247 and, as a result, the Ordinary
Shares in issue carrying voting rights will be 290,439,014. Shareholders may
use this figure of 290,439,014 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                                                                           Tel: 01442 458 300

 Nik Philpot, Chief Executive
 Officer

 Chrissie Herbert, Chief Financial Officer

 www.eckoh.com (http://www.eckoh.com)

 FTI Consulting LLP                                                                  Tel: 020 3727 1017

 Ed Bridges / Emma Hall / Tom Blundell / Emily Bowen
 eckoh@fticonsulting.com

 Singer Capital Markets (Nomad & Joint Broker)                                       Tel: 020 7496 3000

 Shaun Dobson / Tom Salvesen / Alex Bond / Angus Campbell

 www.singercm.com (http://www.n1singer.com)

 Investec Bank plc (Joint Broker)                                                    Tel: 020 7597 5970

 Patrick Robb/ Nick Prowting / Shalin Bhamra

 www.investec.com (http://www.investec.com)

 

About Eckoh plc

As a global provider of Customer Engagement Data Security Solutions, Eckoh is
all about making the world of data more secure.

 

Our vision is that everyone should be able to trust every brand and engage
without risk to their personal information. We're on a mission to set the
standard for secure interactions between consumers and the world's leading
brands, and our innovative products build trust and deliver value though
exceptional experiences.

 

We're trusted by many of the world's leading brands to help them manage the
personal data from customer enquiries and transactions safely. Our solutions
enable payment transactions to be performed securely and help protect
sensitive personal data across any customer engagement channel and device the
customer chooses.

 

Protected by multiple patents, our solutions remove sensitive personal and
payment data from contact centres and IT environments, as the best way to
secure data is not to collect it. This allows organisations to be not just
compliant but secure, increase efficiency, lower operational costs, and
provide an excellent customer experience.  This is our specialism.

 

Our solutions are delivered globally through multiple cloud platforms or can
be deployed on the client's site. 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, and our extensive portfolio of typically large
enterprise clients spans a broad range of vertical markets including
government departments, telecoms providers, retailers, utility providers and
financial services organisations.

 

For more information go to www.eckoh.com (http://www.eckoh.com) or email
MediaResponseUK@eckoh.com (mailto:MediaResponseUK@eckoh.com) .

 

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