Grant of LTIP awards

On 17 January 2022 the following nominal-cost share awards were granted under the Eckoh Performance Share Plan.

Eckoh plc (AIM:ECK)

("Eckoh", or "the Company", or "the Group")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 17 January 2022 the following nominal-cost share awards over ordinary shares of 0.25 pence in Eckoh plc (the “Awards”) were granted under the Eckoh Performance Share Plan 2017 (“PSP”) to the following persons (the ”Executives”) discharging managerial responsibilities:

The awards have an exercise price of 0.25 pence per Share and will normally become exercisable on 17 January 2025. Awards may become exercisable subject to continued employment and performance based on the Company’s total shareholder return (50%) and annual growth of the Company’s adjusted earnings per share (50%), each assessed over a 3-year performance period.

All initial awards issued to the Executives under the PSP in November 2017 and measured over a 5-year period are likely to lapse in July 2022. The terms of these 2022 Awards include a mechanism for offsetting any value that may vest under the Initial PSP Award from November 2017, against the potential value that may vest under a 2022 PSP Award. The Company has discussed the Awards with its major shareholders who have indicated their support.

Further details of the Awards will be set out in the Company’s annual report and accounts.