The share price of Eckoh reached a 5 year high as the AIM-listed payment products provider announced a material £4m contract renewal.
Today’s announcement is in relation to a six-year renewal of its contract with outsourcing firm Capita for the provision of services for the Transport for London’s (TfL) congestion charge.
The newly signed deal will end in September 2026 and should see Eckhoh take on more activity including provision of customer contact centre solutions in addition to the existing secure payments service.
“We have been greatly encouraged by the continued demand we have seen for the Eckoh proposition from both new and existing clients in recent months, which has enabled us to be very resilient in what remain uncertain times.“CEO, Eckhoh
Climbing 8 percent in early trading to 68p, shares in Eckoh reached a new 5 year high.