Echo Energy PLC Disposal and Admission of Subscription Shares (0937E)
27 Junio 2023 - 9:41AM
UK Regulatory
TIDMECHO
RNS Number : 0937E
Echo Energy PLC
27 June 2023
27 June 2023
Echo Energy plc
(" Echo " or the " Company ")
Disposal and Admission of Subscription Shares
Further to the announcement on 26 June 2023, Echo Energy plc,
the Latin American focused upstream energy company, announces that
the Disposal has now completed and application has been made for
admission of the 115,384,615 New Ordinary Shares issued pursuant to
the Subscription ("Subscription Shares") to trading on AIM. This is
expected to become effective at 8.00 a.m. on 28 June 2023.
Following admission of the Subscription Shares to trading on
AIM, the Company's issued ordinary share capital will comprise
5,676,003,165 ordinary shares of 0.0001 pence each, none of which
are held in treasury. Therefore, the total number of ordinary
shares with voting rights in Echo following admission will be
5,676,003,165 .
The above figure of 5,676,003,165 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 FCA's Disclosure Guidance
and Transparency Rules.
Capitalised terms used in this announcement have the meanings
given to them in the circular of the Company dated 2 June 2023
unless the context provides otherwise.
Martin Hull, Chief Executive Officer of Echo Energy,
commented:
"We are delighted to have completed the transaction, which marks
a transformational milestone for the Company. Whilst there are
challenges and opportunities, ahead of us as we look to move into a
new phase for Echo, we are excited about the path we are now on and
look forward to updating shareholders, whom we thank for their
ongoing support."
For further information please contact:
Echo Energy via Vigo Communications
Martin Hull, Chief Executive
Officer
Cenkos Securities plc (Nominated Tel: 44 (0)20 7397 8900
Adviser)
Ben Jeynes
Adrian Hadden
Vigo Consulting Ltd (IR/PR Tel: 44 (0)20 7390 0230
Advisor)
Patrick d'Ancona
Chris McMahon
Zeus (Corporate Broker) Tel: 44 (0)20 3829 5000
Simon Johnson (Corporate Broking)
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END
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June 27, 2023 10:41 ET (14:41 GMT)
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