Apex Fundrock Limited Discloses Stake and Dealings in Eckoh PLC

Apex Fundrock Limited recently filed Form 8.3 concerning its interests in Eckoh PLC. According to the disclosure, Chelverton Asset Management holds a significant stake in Eckoh, controlling 2.94% of its ordinary shares, amounting to 8,556,250 shares. This filing was made under Rule 8.3 of the Takeover Code, applicable when someone holds over 1% in relevant securities.

The document reveals that Chelverton Asset Management engaged in a transaction involving the sale of 8,450,000 ordinary shares at a price of 0.525 per unit. No cash-settled or stock-settled derivatives were reported, and there were no rights to subscribe for new securities.

No indemnities or agreements related to options or derivatives were disclosed, nor were any other formal or informal arrangements reported.