Warrant Exercise and Total Voting Rights

RNS Number : 4012B

Echo Energy PLC

09 January 2018

 

 9 January 2018

Echo Energy plc

("Echo" or the "Company")

Warrant Exercise and Total Voting Rights

Echo Energy plc, the South and Central American focused upstream gas company, announces that as a result of a warrant exercise at a price of 15.1875 pence per share the Company has received gross proceeds of £86,956.49 and has issued 572,553 new ordinary shares of 0.25p each in the Company (the "New Ordinary Shares").

Application has been made for the New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8.00 a.m. on 11 January 2018.

Following Admission, the total number of ordinary shares and voting rights in the Company will be 401,503,698 (no ordinary shares are held by the Company in treasury). This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

Echo Energy plc Fiona MacAulay, CEO Will Holland, CFO	[e-mail] [e-mail]
Smith & Williamson (Nominated Adviser) Azhic Basirov David Jones Ben Jeynes	[phone]
Hannam & Partners (Advisory) LLP (Financial Adviser and Corporate Broker) Giles Fitzpatrick Andrew Chubb Ernest Bell	[phone]
Vigo Communications (PR Adviser) Patrick d'Ancona Chris McMahon Ali Roper	[phone]

 

END

 

 

MSCEKLFBVFFZBBB