Source - RNS
RNS Number : 9428L
Eckoh PLC
06 October 2016
 

                                                                                                                       

Eckoh plc

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

 

Exercise of Options and Directors' Shareholding

 

Eckoh announces that it has issued 1,000,000 new ordinary shares in the capital of the Company (the "New Shares") following an exercise of share options by Adam Moloney; Group Finance Director. Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM, with dealings expected to commence on 13 October 2016 ("Admission").

 

Following Admission, the Company's will have a total of 241,048,900 Ordinary Shares in issue each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. Shareholders may use this figure of 241,048,900 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.

 

Following this issue, the Company was notified that the New Shares were sold on 6 October 2016 at a price of 38p per share and as a result, Adam Moloney's holding in the Company remains unchanged at 1,250,000 ordinary shares, representing 0.52 per cent. of the Company's total voting rights, as enlarged following Admission.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Adam Moloney

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Finance Director of Eckoh plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Eckoh plc

b)

 

LEI

 

 

n/a

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of 0.25p each ("Ordinary Shares")

 

 

 

ISIN Code: GB0033359141

 

b)

 

Nature of the transaction

 

 

Sale of shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

38.0 pence

1,000,000



d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

06/10/2016

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

 

For further enquiries, please contact:

 

Eckoh plc                                                         Tel: 01442 458 300

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com                                               

 

Buchanan                                                        Tel: 020 7466 5000

Sophie McNulty, Steph Watson

www.buchanan.uk.com              

 

N+1 Singer                                                       Tel: 020 7496 3000

Shaun Dobson, Lauren Kettle

www.n1singer.com 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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