Eckoh announces that it has issued 330,000 new ordinary shares in the capital of the Company.
Eckoh announces that it has issued 330,000 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 24 February 2017 ("Admission").
Following Admission, the Company's will have a total of 242,930,059 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 242,930,059 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, 165,487 shares were sold on 10 February 2017 at a price of 38.175p per share (the "Sale") to fund the tax cost arising from the exercise. Following the issue of the New Shares and subsequent Sale, Adam Moloney's holding in the Company has increased to 1,414,513 ordinary shares, representing 0.58 per cent. of the Company's total voting rights, as enlarged following Admission.
Adam Moloney, Group Financial Director
Tel: 01442 458 300