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Pin to quick picksEckoh Technologies Share News (ECK)

Share Price Information for Eckoh Technologies (ECK)

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Share Price: 42.00
Bid: 41.00
Ask: 43.00
Change: -2.50 (-5.62%)
Spread: 2.00 (4.878%)
Open: 42.50
High: 42.50
Low: 41.50
Prev. Close: 44.50
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SVG and Gartmore rescue Redstone

Thu, 17th Sep 2009 07:55

Redstone, the heavily indebted IT and telecoms group, has secured up to £6m in new funding and renegotiated some of its debt facilities.The group has raised £6m through the issue of a loan note to SVG Investment Managers and Gartmore Investment. The issue will be in two tranches of £3m, with the provision for a further £2m to be made available if necessary.The loan note can be converted into shares at a conversion price of 1.37p per share. As full conversion by SVG or Gartmore could lead to either one of them holding more than 30% of the issued share capital of Redstone, the group will be seeking shareholder approval to waive the obligation for a full bid to be made should either investor breach the 30% threshold.Redstone has also renegotiated the terms of a loan arrangement with speech recognition specialist Eckoh.The £2.7m loan with Eckoh is held by Redstone subsidiary Symphony Telecom Holdings, a company previously owned by Eckoh.Eckoh will receive interest on the loan monthly, in arrears, with a £1m repayment of the capital due on 1 October 2011, while the rest of the loan is due to be paid off on 1 October 2012.After agreeing to restructure the loan Eckoh will receive an arrangement fee of £0.53m, of which £0.18m was paid in July 2009 while a further £0.125m will be payable immediately.The remainder of the fee is due when the loan is due to be terminated in October 2012.In a separate announcement Redstone said that Stephen Yapp will be joining the board as a non-executive director prior to replacing Alan Coppin as executive chairman.Coppin, appointed as an interim chairman, will step down from the board once the company’s accounts have been posted to shareholders.Non-executive director Tim Sherwood will become non-executive director of the group with immediate effect.
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1 Aug 2023 16:25

TRADING UPDATES: Chariot oversubscribed from GBP2.3 million fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Jul 2023 10:41

IN BRIEF: Eckoh Chair Christopher Humphrey joins RM board

RM PLC - Abingdon, England-based supplier of technology and services to the education sector - Hires Christopher Humphrey as a non-executive director, effective immediately. Humphrey is currently chair of Hemel Hempstead, England-based secure payment solutions provider Eckoh PLC and has been since September 2017. He served as senior independent director of Videndum PLC from 2013 to 2022, and as senior independent director and audit chair at Aveva Group PLC from 2016 to 2023.

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14 Jun 2023 10:54

IN BRIEF: Eckoh lifts annual dividend as profit and revenue jump

Eckoh PLC - London-based secure payment and customer contact products - Posts revenue of GBP38.8 million for the year ended on March 31, up 22% from GBP31.8 million the year before. Says the increase is driven by organic growth and the full year impact from the December 2021 acquisition of Syntec, which is specialised in secure payment solutions for contact centres. Pretax profit jumps to GBP5.0 million from GBP2.3 million, as basic earnings per share rises to 1.58 pence each from 0.59p the year before. Total annual recurring revenue increases by 18% to GBP30.4 million from GBP25.8 million the year before. Declares a final dividend of 0.74 pence per share, up 10% from 0.67p a year prior.

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7 Jun 2023 15:46

UK earnings, trading statements calendar - next 7 days

Thursday 8 June 
Crest Nicholson Holdings PLCHalf Year Results
FirstGroup PLCHalf Year Results
Idox PLCHalf Year Results
M&G PLCTrading Statement
Mitie Group PLCFull Year Results
RWS Holdings PLCHalf Year Results
Schroder Real Estate Investment Trust LtdFull Year Results
Wizz Air Holdings PLCFull Year Results
Friday 9 June 
Industrials REIT LtdFull Year Results
Renalytix PLCQ3 Results
Monday 12 June 
no events scheduled 
Tuesday 13 June 
Ashtead Group PLCFull Year Results
Atrato Onsite Energy PLCHalf Year Results
Bellway PLCTrading Statement
BP Marsh & Partners PLCFull Year Results
CMC Markets PLCFull Year Results
Driver Group PLCHalf Year Results
Foresight Sustainable Forestry Co PLCHalf Year Results
Iomart Group PLCFull Year Results
Mind Gym PLCHalf Year Results
Oxford Instruments PLCFull Year Results
Schroders Capital Global Innovation Trust PLCFull Year Results
Tatton Asset Management PLCFull Year Results
Vianet Group PLCFull Year Results
Wednesday 14 June 
Castings PLCFull Year Results
Eckoh PLCFull Year Results
Marks Electrical Group PLCFull Year Results
Motorpoint Group PLCFull Year Results
Safestore Holdings PLCHalf Year Results
Severfield PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Apr 2023 16:19

TRADING UPDATES: Eckoh expects profit up; LXi REIT refinances facility

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 Apr 2023 10:30

AIM WINNERS & LOSERS: FireAngel 2023 earnings below expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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20 Apr 2023 18:25

TRADING UPDATES: Smartspace Software expands in Taiwan, Germany, China

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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31 Mar 2023 16:21

Director dealings: Eckoh director raises stake via Scawton interest

(Sharecast News) - Eckoh revealed on Friday that non-executive director David Coghlan had acquired 50,000 ordinary shares in the AIM-listed secure payment technology provider.

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23 Nov 2022 12:13

TRADING UPDATES: Ten Lifestyle posts record revenue; Eckoh profit up

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Nov 2022 16:53

IN BRIEF: Eckoh sees strong first half amid order level recovery

Eckoh PLC - London-based secure payment and customer contact products - Boasts a strong performance in line with board expectations in the half ended September 30. Notes that it is also trading in-line with market expectations for the year ended March 31, which expects revenue at GBP40.3 million and adjusted operating profit at GBP7.5 million.

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1 Nov 2022 16:33

Eckoh describes 'strong' first-half performance

(Sharecast News) - Customer engagement security company Eckoh said in an update on Tuesday that it performed "strongly" in its first half, in line with expectations.

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7 Oct 2022 21:48

TRADING UPDATES: IQE, IQGeo win deals; MPOF assets fall on Covid-19

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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6 Oct 2022 12:58

Order levels balloon in first half for Eckoh

(Sharecast News) - Customer engagement security firm Eckoh updated the market on its first-half order levels on Thursday, which were expected to top £17m.

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26 Sep 2022 15:20

IN BRIEF: Eckoh trades in line with market expectations

Eckoh PLC - London-based secure payment and customer contact products - Says it traded in line with market expectations in the first five months of its financial year to August 31, 2022. Adds that its financial position remains strong.

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26 Sep 2022 14:13

Eckoh trading in line with market expectations

(Sharecast News) - Customer engagement security company Eckoh issued a short, positive update on its trading on Monday.

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