Echo Energy PLC Statement re Share Price Movement and Suspension (9019U)
October 30 2017 - 2:00AM
UK Regulatory
TIDMECHO
RNS Number : 9019U
Echo Energy PLC
30 October 2017
30 October 2017
Echo Energy plc
("Echo" or the "Company")
Statement re Share Price Movement
Suspension of Trading on AIM
Echo Energy, the South and Central American focused upstream gas
company, notes the recent share price movement and confirms that it
is in discussions in relation to a potential farm in by the Company
into certain onshore oil and gas assets in South America (the
"Proposed Transaction").
By virtue of its size, the Proposed Transaction would constitute
a reverse takeover under Rule 14 of the AIM Rules for Companies.
Accordingly, the Company's ordinary shares will be suspended from
trading on AIM with effect from 07:30 today, pending publication of
an AIM admission document and circular to shareholders to approve
the Proposed Transaction or an announcement that the Proposed
Transaction has been terminated.
Further announcements will be made, as appropriate, in due
course.
For further information please contact:
Echo Energy plc f.macaulay@echoenergyplc.com
Fiona MacAulay, CEO w.holland@echoenergyplc.com
Will Holland, CFO
Smith & Williamson (Nominated
Adviser)
Azhic Basirov
David Jones
Ben Jeynes +44 (0)20 7131 4000
Hannam & Partners (Advisory)
LLP (Financial Adviser and
Corporate Broker)
Giles Fitzpatrick
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Vigo Communications (PR Adviser)
Patrick d'Ancona
Chris McMahon
Ali Roper +44 (0)20 7830 9700
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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