TIDMECHO

RNS Number : 4721B

Echo Energy PLC

10 June 2021

10 June 2021

Echo Energy plc

("Echo" or "the Company")

Further re Issue of Warrants

Echo Energy, the Latin American-focused full cycle energy company, announced on 22 December 2020 that, in connection with a subscription and warrant issue then announced, the issue of 83,921,568 warrants to subscribe for new ordinary shares in the Company would be subject to receipt of share issuance authorities.

As a result of the Company having sufficient share issuance authorities to allow the issue of the Warrants ahead of the Company's 2021 annual general meeting, the Board has now issued the Warrants. The Warrants expire two years after the date of issue, with 50% of the Warrants exerciseable at 0.7 pence per new ordinary share and 50% of the Warrants exerciseable at 0.75 pence per new ordinary share.

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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEFIFFDRTIILIL

(END) Dow Jones Newswires

June 10, 2021 03:33 ET (07:33 GMT)

Echo Energy (LSE:ECHO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Echo Energy Charts.
Echo Energy (LSE:ECHO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Echo Energy Charts.