Echo Energy PLC Exercise of Warrants (9424M)
August 02 2017 - 10:00AM
UK Regulatory
TIDMECHO
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 f.macaulay@echoenergyplc.com
Fiona MacAulay w.holland@echoenergyplc.com
Will Holland
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ZAI Corporate Finance
Ltd. (Nominated Adviser)
John Treacy 020 7060 2220
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Vigo Communications
(PR Adviser)
Patrick d'Ancona
Chris McMahon
Ali Roper 020 7830 9700
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This information is provided by RNS
The company news service from the London Stock Exchange
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