Echo Energy PLC Block Admission Interim Review (3299M)
September 16 2019 - 1:01AM
UK Regulatory
TIDMECHO
RNS Number : 3299M
Echo Energy PLC
16 September 2019
16 September 2019
Echo Energy plc
("Echo" or the "Company")
Block Admission Interim Review
Echo Energy plc, the Latin American focused upstream oil and gas
company, makes the following notification pursuant to Rule 29 of,
and Schedule Six to, the AIM Rules for Companies regarding its
existing block admission arrangements (the "Block Admissions").
There have been no increases to the Block Admissions, which
enable the Company to handle exercises of historically issued
warrants in an efficient manner, during the period under review and
nor have there been any new ordinary shares issued.
Name of the company: Echo Energy plc
Name of scheme: 1.Warrants to subscribe for new
Ordinary Shares at a price of 3p
per new Ordinary Share issued
by the Company in 2017 (the
"March 2017 Warrants"). The grant
of the March 2017 Warrants was
announced by the Company on 6
March 2017 and were granted as
part of the institutional
investment
and Board changes described
therein;
2.Warrants to subscribe for new
Ordinary Shares at a price of
15.1875p per new Ordinary Shares
issued by the Company in 2017
(the "May 2017 Warrants - Batch
1"). The grant of the May 2017
Warrants - Batch 1 was announced
on 15 May 2017 in connection with
the issue by the Company
of secured loan notes described
therein; and
3.Warrants to subscribe for new
Ordinary Shares at a price of
15.1875p per new Ordinary Shares
issued by the Company in 2017
(the "May 2017 Warrants - Batch
2"). The grant of the May 2017
Warrants - Batch 2 was announced
by the Company on 19 May 2017 in
connection with a GBP10m
placing.
----------------------------------
Period of return: From: 14 To: 13
March September
2019 2019
-------- ------ ---- ----------
Number of unallotted securities not issued under the scheme(s) at the start of the period: 1: 61,538,461
2. 26,571,096
3. 7,238,271
Total: 95,347,828
-------- ------------------------
Plus: The amount by which the block scheme(s) has been increased since the date of the last
return (if any increase has been applied for): 1: 0
2: 0
3: 0
Total: 0
-------- ------------------------
Less: Number of securities issued/allotted under scheme(s) during period: 1: 0
2: 0
3: 0
Total: 0
-------- ------------------------
Equals: Balance under scheme(s) not yet issued/allotted at end of period: 1: 61,538,461
2: 26,571,096
3: 7,238,271
Total: 95,347,828
-------- ------------------------
Number and class of securities originally admitted and the date of admission:
1: 64,538,461 - 2 March
2018
2:
8,224,007 - 2 March
2018
3: 18,347,089 - 19
September 2018
Total:
7,238,271 - 2 March
2018
98,347,828
-------- ------------------------
Name of contact: AMBA Secretaries Limited, Company
Secretary
----------------------------------
Telephone number of contact: +44 (0)20 7190 9930
----------------------------------
For further information please contact:
Echo Energy
Martin Hull, Managing Director m.hull@echoenergyplc.com
Cenkos Securities (Nominated Adviser)
David Jones
Ben Jeynes
Katy Birkin +44 (0)20 7397 8900
Hannam & Partners (Joint Corporate Broker)
Giles Fitzpatrick
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Shore Capital (Joint Corporate Broker)
Jerry Keen +44 (0)20 7408 4090
Vigo Communications (PR Adviser)
Patrick d'Ancona
Chris McMahon +44 (0)20 7390 0230
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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