The Company today announces that on 21 August 2013 Nik Philpot, Chief Executive Officer of Eckoh, has exercised the following options over 1,000,000 ordinary shares of 0.25p each in the Company in accordance with the rules of the Eckoh plc share option scheme (1999). 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 excercised Excercise price Number of ordinary shares received
Nik Philpot 1,000,000 5.125p 1,000,000
Following the exercise of the options above, the Company was informed on 21 August 2013 that Nik Philpot has sold 825,000 ordinary shares in Eckoh at a price of 23.50 pence per share predominantly in order to cover the cost of exercise and the tax charge that crystallises on completion.
As a result of these transactions, Nik Philpot has increased his beneficial shareholding from 4,379,873 to 4,554,873 ordinary shares, which now represents 2.1% of the Company's total voting rights.
Adam Moloney, Group Finance Director
Tel: 01442 458 300