Echo Energy PLC Proposed Warrant Issue

RNS Number : 5365C

Echo Energy PLC

08 February 2024

 

8 February 2024

Echo Energy plc

("Echo" or the "Company")

Warrants attached to recent equity raise

Echo Energy plc announces that further to the announcement made on the 7^th February 2024 concerning the "Issue of Equity", the Company will issue an aggregate of 224,533,333 warrants to the arranger of the Subscription. The warrants are exercisable at a strike price of o.oo8 pence ("Warrants"), for an exercisable period of 5 years and have an expiry date of 7 February 2029.

The Warrants will be issued only after the Company has the authorities to cover the issue.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the new Ordinary Shares, its issued ordinary share capital will comprise 17,027,749,197 Ordinary shares. All of the Ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 17,027,749,197. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For further information please contact:

 

Echo Energy Stephen Birrell, Chief Executive Officer	[e-mail]
Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes	Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time. Upon the publication of this announcement, this inside information is now considered to be in the public domain

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