Investor Call/PDMR Shareholding/Regulatory Update

RNS Number : 4588K

Echo Energy PLC

07 July 2017

 

7 July 2017

Echo Energy plc

("Echo" or the "Company")

Investor Conference Call / Director PDMR Shareholding / Regulatory Update

Echo Energy, the South and Central American focused upstream gas company, is pleased to confirm the following updates:

Investor Conference Call

The Company would like to invite all shareholders to join Echo Energy's first investor conference call on Thursday, 20^th July 2017 at 10:00 a.m.  The Company will separately notify investors of dial-in details.

Director/PDMR Shareholding

The Company further announces that it has been notified that on 5 July 2017 Fiona MacAulay, the Company's Chief Executive Officer, purchased 142,766 ordinary shares in the Company ("Ordinary Shares") at a price of 14 pence per Ordinary Share.

As a result of this purchase of Ordinary Shares, Fiona MacAulay is interested in 142,766 Ordinary Shares, representing 0.039% of the Company's issued ordinary share capital.

Regulatory Update

Following completion of the technical evaluation period either Party (Echo Energy or Pluspetrol) have the right to exit the agreement if between them commercial terms cannot be agreed. The acquisition of an interest by Echo Energy from Pluspetrol in the Huayco field remains contingent on final commercial terms being agreed and accordingly the Company does not have a right to acquire any interest at this stage.

For further information please contact:

Fiona MacAulay		Chief Executive, Echo Energy plc	[e-mail]
James Parsons		Chairman, Echo Energy plc	[e-mail]
John Treacy		ZAI Corporate Finance Ltd. (Nominated Adviser)	020 7060 2220
Oliver Stansfield Jonathan Evans		Brandon Hill Capital (Broker)	020 3463 5000
Patrick d'Ancona Chris McMahon Ali Roper		Vigo Communications (PR Adviser)	020 7830 9700

Annex

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fiona MacAulay
2	Reason for the notification
a)	Position/status	PDMR (Director of Echo Energy plc)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Echo Energy plc
b)	LEI	2138006SNII7SKIGG445
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 0.25p each
	Identification code	GB00BF0YPG76
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			14p	142,766
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	5 July 2017
f)	Place of the transaction	London Stock Exchange

 

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