21 July 2022
Eckoh plc (AIM:ECK)
("Eckoh", or the "Company", or the "Group")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
Further to its announcement on 17 January 2022 and disclosure within the Directors Remuneration section of the 2021 Annual Report & Accounts, the Company announces that, following the lapsing of Initial Awards granted to the Executive Directors in November 2017, the following nominal-cost share awards over ordinary shares of 0.25 pence in Eckoh plc ("Awards") were today granted under the Eckoh Performance Share Plan 2017 ("PSP") to the following persons discharging managerial responsibilities:
| PDMR | Position | No. of Initial Awards lapsing | No. of shares under new Awards | Total No. of shares under Awards |
| Nik Philpot | Chief Executive Officer | 3,750,000 | 1,477,014 | 2,667,457 |
| Chrissie Herbert | Chief Financial Officer | 2,250,000 | 930,527 | 1,680,512 |
The awards have an exercise price of 0.25 pence per share and become exercisable over three years subject to continued employment and performance based on the Company's total shareholder return (50%) and annual growth of the Company's adjusted earnings per share (50%), each assessed over a 3-year performance period.
For further information please contact:
| Eckoh plc Nik Philpot, Chief Executive Officer Chrissie Herbert, Chief Financial Officer
| Tel: 01442 458 300 |
| FTI Consulting LLP Ed Bridges / Jamie Ricketts / Tom Blundell eckoh@fticonsulting.com
| Tel: 020 3727 1017 |
| Singer Capital Markets (Nomad) Shaun Dobson / Tom Salvesen / Alex Bond / Kailey Aliyar
| Tel: 020 7496 3000 |
| Canaccord Genuity Limited Simon Bridges / Andrew Potts
| Tel: 020 7523 8000 |
About Eckoh plc
Eckoh is a global provider of Customer Engagement Security Solutions, supporting an international client base from its offices in the UK and US.
Our Customer Engagement Security 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 help our clients to take payments and transact securely with their customers through all customer engagement channels. The solutions, which are protected by multiple patents, remove sensitive personal and payment data from contact centres and IT environments and are delivered globally through our 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, securing over £5 billion in payments annually.
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 MediaResponseUK@eckoh.com.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
|
Nik Philpot | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive Officer | ||||
| 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
| 213800Z885E2BBU1CR76 | ||||
| 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 0.25 pence each GB0033359141
| ||||
| b)
| Nature of the transaction
| Grant of 1,477,014 nominal-cost share awards over ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
As above
| ||||
| e)
| Date of the transaction
| 20 July 2022 | ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Chrissie Herbert | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Financial Officer | ||||
| 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
| 213800Z885E2BBU1CR76 | ||||
| 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 0.25 pence each
GB0033359141
| ||||
| b)
| Nature of the transaction
| Grant of 930,527 nominal-cost share awards over ordinary shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
As above
| ||||
| e)
| Date of the transaction
| 20 July 2022 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
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