Eckoh announces that it has issued 500,000 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 10 October 2016 ('Admission').
Following Admission, the Company's will have a total of 240,048,900 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 240,048,900 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 the New Shares were sold on 3 October 2016 at a price of 40p per share and as a result, Adam Moloney's holding in the Company remains unchanged at 1,250,000 ordinary shares, representing 0.52 per cent. of the Company's total voting rights, as enlarged following Admission.
For further enquiries, please contact:
Adam Moloney, Group Finance Director Tel: 01442 458 300