Statement re Share Price Movement and Suspension

RNS Number : 9019U
Echo Energy PLC
30 October 2017
 

30 October 2017

 

Echo Energy plc

("Echo" or the "Company")

 

Statement re Share Price Movement

 

Suspension of Trading on AIM

 

Echo Energy, the South and Central American focused upstream gas company, notes the recent share price movement and confirms that it is in discussions in relation to a potential farm in by the Company into certain onshore oil and gas assets in South America (the "Proposed Transaction").

 

By virtue of its size, the Proposed Transaction would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies. Accordingly, the Company's ordinary shares will be suspended from trading on AIM with effect from 07:30 today, pending publication of an AIM admission document and circular to shareholders to approve the Proposed Transaction or an announcement that the Proposed Transaction has been terminated.

 

Further announcements will be made, as appropriate, in due course.

 

 

 

For further information please contact:

 

Echo Energy plc

Fiona MacAulay, CEO

Will Holland, CFO

 

 

f.macaulay@echoenergyplc.com

w.holland@echoenergyplc.com

Smith & Williamson (Nominated Adviser)

Azhic Basirov

David Jones

Ben Jeynes

 

+44 (0)20 7131 4000

 

Hannam & Partners (Advisory) LLP (Financial Adviser and Corporate Broker)

Giles Fitzpatrick

Andrew Chubb

Ernest Bell

 

+44 (0)20 7907 8500

 

Vigo Communications (PR Adviser)

Patrick d'Ancona

Chris McMahon

Ali Roper

 

+44 (0)20 7830 9700

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFESFMUFWSEIS
UK 100

Latest directors dealings