Eckoh announces that it has issued 533,248 new ordinary shares in the capital of the Company
Eckoh (AIM:ECK), the global provider of secure payment products and customer contact solutions, announces that it has issued 533,248 new ordinary shares in the capital of the Company (the "New Ordinary Shares") following an exercise of share options by a former employee.
The options being exercised were granted under the 2012 Eckoh Long Term Incentive Plan and the number of New Ordinary Shares that ultimately vested was subject to the satisfaction of share price targets which were comfortably exceeded well ahead of the earliest date of exercise, being 1 January 2016.
Application will be 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 February 2019 ("Admission").
Following Admission, the Company will have a total of 254,121,768 Ordinary Shares in issue. Of these Ordinary Shares, 362,022 are held in treasury and as a result, the Ordinary Shares in issue carrying voting rights will be 253,759,746. Shareholders may use this figure of 253,759,746 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.