Echo Energy PLC Adjourned Noteholder Meeting (0150B)
28 Septiembre 2022 - 05:12AM
UK Regulatory
TIDMECHO
RNS Number : 0150B
Echo Energy PLC
28 September 2022
28 September 2022
Echo Energy plc
(" Echo " or the " Company ")
Noteholder Meeting Results
Adjourned Noteholder Meeting
Echo Energy, the Latin American focused energy company,
announces the results of the meeting of the holders of the
Company's Luxembourg listed EUR 20.0m 8.0% secured notes (the
"Notes") held earlier today (the "Noteholder Meeting") to consider
the Company's proposals for the restructuring of the Notes (the
"Proposals").
Voting instructions representing EUR 6.2m of the Notes were
lodged by holders of the Notes ("Noteholders") with 76 per cent. of
votes cast in favour of the Proposals.
With votes representing 31 per cent. of the aggregate principal
amount of the outstanding Notes cast, the Noteholder Meeting was
therefore adjourned for want of the necessary quorum and an
adjourned Noteholder Meeting, to consider the Proposals in
unchanged form, will now be held at 10.00 a.m. on 13 October 2022
(the "Adjourned Noteholder Meeting").
The Adjourned Noteholder Meeting will require a reduced quorum
of 25 per cent. of the aggregate principal amount of the
outstanding Notes and not less than two thirds of votes cast in
favour at the Adjourned Noteholder Meeting for the Proposals to be
passed by Noteholders.
Voting instructions already lodged by Noteholders remain valid
for the Adjourned Noteholder Meeting and the relevant Noteholders
need take no further action to be represented at the Adjourned
Noteholder Meeting.
A circular providing Noteholders with notice of the Adjourned
Noteholder Meeting will be sent to Noteholders later today and will
be available from the Company's website at www.echoenergyplc.co.uk
shortly thereafter.
For further information please contact:
Echo Energy plc Via Vigo Communications Ltd
Martin Hull, Chief Executive
Officer
Cenkos Securities plc (Nominated Tel: 44 (0)20 7397 8900
Adviser)
Ben Jeynes
Katy Birkin
Vigo Consulting Ltd (IR/PR Tel: 44 (0)20 7390 0230
Advisor)
Patrick d'Ancona
Chris McMahon
Arden Partners plc (Corporate Tel: 44 (0)20 7614 5900
Broker)
Simon Johnson (Corporate Broking)
John Llewellyn-Lloyd (Corporate
Finance)
Certain of the information contained within this announcement is
deemed by the Company to constitute inside information as
stipulated under The Market Abuse Regulation (EU 596/2014) pursuant
to the Market Abuse (Amendment) (EU Exit) Regulations 2018. Upon
the publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
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END
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(END) Dow Jones Newswires
September 28, 2022 06:12 ET (10:12 GMT)
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