Exercise of Warrants

RNS Number : 9424M

Echo Energy PLC

02 August 2017

 

FOR IMMEDIATE RELEASE

Echo Energy plc

("Echo" or the "Company")

Exercise of Warrants

Echo Energy, the South and Central American upstream gas company, announces that it has received notice from warrant holders for the exercise of 2,400,000 warrants over ordinary shares of 0.25 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 1.625p per warrant (the "Warrants"). 

Application has been made for admission of these 2,400,000 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place at 8.00 a.m. on 7 August 2017.

Following Admission, Echo Energy will have 364,539,733 Ordinary Shares in issue and admitted to trading on AIM.

The figure, therefore, of 364,539,733 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of Echo under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Echo holds no Ordinary Shares in treasury.

For further information please contact:

Echo Energy plc Fiona MacAulay Will Holland	[e-mail] [e-mail]
ZAI Corporate Finance Ltd. (Nominated Adviser) John Treacy	020 7060 2220
Vigo Communications (PR Adviser) Patrick d'Ancona Chris McMahon Ali Roper	020 7830 9700

 

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