Director share dealings

RNS Number : 4823Y

Eckoh PLC

24 January 2014

 



For immediate release

24 January 2014

Eckoh plc ("Eckoh" or the "Company")

Director share dealings

The Company today announces that on 22 January 2014, Nik Philpot, Chief Executive Officer of Eckoh, has exercised the following options over 627,643 ordinary shares of 0.25p each in the Company in accordance with the rules of the 2010 Eckoh plc Bonus plan. The exercise of the options was satisfied by shares previously held in the Eckoh Employee Incentive Trust. Following this transaction Nik Philpot has increased his holding in the Company.

Name	Options exercised	Exercise price	Number of ordinary shares received
Nik Philpot	627,643	nil	627,643

Following the exercise of the options above, the Company was informed on 23 January 2014 that Nik Philpot has sold 477,643 ordinary shares in Eckoh at a price of 32.27 pence per share predominantly in order to cover the tax charge that crystallises on completion.

In addition, 175,000 ordinary shares have been purchased by the Self-Invested Personal Pension (SIPP) of Nik Philpot from his own beneficial holding at a price of 32.27 pence per share.

As a result of these transactions, Nik Philpot has increased his beneficial shareholding from 4,554,873 to 4,704,873 ordinary shares, which now represents 2.2% of the Company's total voting rights.

Enquiries:

Eckoh plc

Nik Philpot, Chief Executive Officer                                        Tel: [phone]

Adam Moloney, Group Finance Director

www.eckoh.com                                                                                                                                      

Buchanan

Jeremy Garcia, Gabriella Clinkard                                          Tel: [phone]

www.buchanan.uk.com 

N+1 Singer

Shaun Dobson, Matthew Thomas                                          Tel: [phone]

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading provider of multi-channel customer service and secure payment solutions. We are a PCI DSS Level One accredited Service Provider, currently processing over £300 million in card payments annually.

Eckoh's solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries. Eckoh is the largest provider of such hosted services in the UK.

Our secure and resilient infrastructure has the scalability to handle  up to 6,000 calls simultaneously, which means that calls will always be answered no matter how unpredictable the circumstances.

For more information, visit: www.eckoh.com

 

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