New Investor Syndicate

RNS Number : 0915N

Echo Energy PLC

04 August 2017

 

4 August 2017

Echo Energy

("Echo" or "the Company")

New Investor Syndicate

Echo Energy, the South and Central American focused upstream gas company, is delighted to announce that 21,879,259 ordinary shares in the Company previously held by Brandon Hill, have been purchased by a new investor syndicate introduced by the Company on 3 August 2017. To facilitate the introduction of this supportive syndicate, the Company has offered, and Brandon Hill accepted, to waive the current lock in arrangement between the two parties. The Company looks forward to welcoming new institutions to its share register.

The Company would like to express its gratitude to Brandon Hill for their support over the years, in particular with regards to the capital and advice it provided during 2016 and early 2017. Its support helped provide a platform for the Echo Energy recapitalisation process earlier this year and enabled the exciting investment proposition Echo Energy is now able to offer to its shareholders. Brandon Hill will continue to provide research coverage on Echo Energy.

Echo Energy plc Fiona MacAulay, CEO Will Holland, CFO	[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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