RNS Number : 5239Y

Echo Energy PLC

14 January 2022

14 January 2022

Echo Energy plc

("Echo " or the "Company")

Directorate Changes

Echo Energy, the Latin American focused full cycle energy company, is pleased to announce the appointment of Christian Yates as an independent non-executive director, with effect from 17 January 2022.

Christian is Chairman of Gresham House Renewable Energy VCT 2 plc, one of two listed investment companies he co-founded in 2010. He has been investing in, advising on and promoting investments in renewable energy since 2009.

Following eight years in the British Army, Christian began his career in fund management in 1988. He has worked for several investment houses holding senior positions at Bear Stearns Asset Management where he was CEO International, Julius Baer Investments as CEO London, Chase Asset Management as MD EMEA and Lazard Asset Management.

Since 2012, Christian has combined being an entrepreneur and consultant with being a non-executive director, with significant experience across sectors including renewable energy (including wind, waste to energy and BESS), real estate, hospitality, fund management and wealth management where until October 2020 he was Chairman of the Bowmore Wealth Group.

The Company also announces that Gavin Graham, a non-executive director of the Company, will be stepping down as a director of the Company concurrently with Christian's appointment in order to maintain a fit for purpose board composition and size.

James Parsons, Non-executive Chairman, commented:

"I am delighted to welcome Christian to the Board. His deep background across the renewable energy space is a critical enabler for our energy transition in Latin America and will add a vital and relevant dimension to our thinking. We will benefit hugely from Christian's wealth of experience throughout the energy arena and I look forward to working with him.

I am also extremely grateful to Gavin for his support at Echo over the years, his contributions to our board discussions and I wish him all the best for his future endeavours."

The directorships and partnerships currently held by Christian Yates and over the five years preceding the date of appointment are as follows:

Mr Christian James Kurt Yates , aged 59 
Current directorships/partnerships    Previous directorships/partnerships 
Aura Sustainable Capital Investments  127 Piccadilly Plc 
 Ltd                                   Aura Renewables Infrastructure 
 Away Birmingham Limited               Trust plc 
 Away Cheltenham Limited               Bowmore Asset Management Limited 
 Away Holdings Limited                 Bowmore Financial Planning Limited 
 Away Storage Limited                  Bowmore Wealth Group Limited 
 Away Storage Liverpool Limited        Canvenue Limited 
 CJK & RA Yates LLP                    Cherif Barnes Developments Limited 
 Gresham House Renewable Energy        Cherif Hampton Row Holdco Ltd 
 VCT 2 plc                             Cherif Investment Properties 
 New Radiation (2008) LLP              Ltd 
 Remount T/A Future for Heroes         Hampton Row (Barnes) Management 
 Ltd                                   Limited 
 Weirs Drove Development Limited       Managed Storage Services (1) 
                                       W4B (UK) Limited 

Mr Yates was appointed as a director of W4B Bristol Limited on 27 April 2009. Liquidators were appointed to W4B Bristol Limited on 17 March 2015 and that company was dissolved on 12 April 2016. Unsecured creditors were paid a first and final dividend totalling GBP30,350, equating to 19.96 pence per GBP on unsecured claims of GBP152,048.

Christian Yates does not hold any ordinary shares in the Company and there are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

                                            For further information please contact: 
            Echo Energy plc                             Via Vigo Communications Ltd 
                                               Martin Hull, Chief Executive Officer 
                Cenkos Securities plc (Nominated Adviser)   Tel: 44 (0)20 7397 8900 
                                                                         Ben Jeynes 
                                                                        Katy Birkin 
                Vigo Communications Ltd (PR Advisor)        Tel: 44 (0)20 7390 0230 
                                                                   Patrick d'Ancona 
                                                                      Chris McMahon 
                Shore Capital (Corporate Broker)            Tel: 44 (0)20 7408 4090 
                                                                     Anita Ghanekar 

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(END) Dow Jones Newswires

January 14, 2022 08:25 ET (13:25 GMT)

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