Eckoh announces that it has issued 1,303,487 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 11 April 2017 ('Admission').
Following Admission, the Company's will have a total of 244,299,546 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 244,299,546 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 of the New Shares, 800,000 shares were sold on 28 March 2017 at a price of 37p per share (the 'Sale'). Following the issue of the New Shares and subsequent Sale, Adam Moloney's holding in the Company has increased to 1,918,000 ordinary shares, representing 0.79 per cent. of the Company's total voting rights, as enlarged following Admission.