Echo Energy PLC Exercise of Warrants and Total Voting Rights (3600V)
April 13 2021 - 11:43AM
UK Regulatory
TIDMECHO
RNS Number : 3600V
Echo Energy PLC
13 April 2021
13 April 2021
Echo Energy plc
("Echo" or "the Company")
Exercise of Warrants and Total Voting Rights
Echo Energy, the Latin American focused upstream oil and gas
company, announces that it has received notice for the exercise of
5,245,098 warrants to subscribe for new ordinary shares in the
Company. 2,622,549 warrants were exercised at an exercise price of
0.7 pence and 2,622,549 warrants were exercised at an exercise
price of 0.75 pence. As a result, an application has been made for
5,245,098 new ordinary shares in the Company (the "New Ordinary
Shares") to be admitted to trading on AIM.
It is expected that admission of the New Ordinary Shares, which
will rank pari passu with the Company's existing ordinary shares,
will occur at 8.00 a.m. on 19 April 2021 ("Admission"). Following
Admission, the Company's issued ordinary share capital will
comprise 1,298,813,085 Ordinary Shares, none of which are held in
treasury.
Therefore, following Admission, the total number of ordinary
shares with voting rights in the Company will be 1,298,813,085,
which may be used by Shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
For further information, please contact:
Echo Energy via Vigo Communications
Martin Hull, Chief Executive Officer
Vigo Communications (PR Advisor)
Patrick d'Ancona
Chris McMahon +44 (0) 20 7390 0230
Cenkos Securities (Nominated Adviser)
Ben Jeynes
Katy Birkin +44 (0) 20 7397 8900
Shore Capital (Corporate Broker)
Jerry Keen +44 (0) 20 7408 4090
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END
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