Echo Energy (LSE:ECHO)
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RNS Number : 3926P

Echo Energy PLC

25 May 2018

25 May 2018

Echo Energy plc

("Echo Energy" or the "Company")

Director/PDMR Shareholding

Echo Energy plc, the Latin American focused upstream oil and gas company, makes the following notification in accordance with the requirements of the Market Abuse Regulation in relation to the participation of Fiona MacAulay, the Company's Chief Executive Officer, in the Echo placing and subscription to raise GBP8.5 million announced earlier today.

As announced earlier today, Fiona MacAulay subscribed for 83,333 new ordinary shares in the Company at a price of 12.0 pence per ordinary share under the placing and subscription. As a result of this purchase of ordinary shares, Fiona MacAulay is now interested in a total of 226,099 ordinary shares in the Company, representing 0.05% of the Company's enlarged issued ordinary share capital, as enlarged by the issue of the Placing Shares.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  --------------------------------------------------------------------------------------- 
 a)    Name                                     Fiona Margaret Barkham (Fiona MacAulay) 
----  ---------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------------------------------- 
 a)    Position/status                          Director and Chief Executive Officer 
----  ---------------------------------------  ---------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
----  ---------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  --------------------------------------------------------------------------------------- 
 a)    Name                                     Echo Energy plc 
----  ---------------------------------------  ---------------------------------------------- 
 b)    LEI                                      2138006SNII7SKIGG445 
----  ---------------------------------------  ---------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------------------------------- 
 a)    Description of the                       Ordinary shares of 0.25p each 
        financial instrument, 
        type of instrument 
---- 
 
       Identification code                      GB00BF0YPG76 
 
 b)    Nature of the transaction                Purchase of ordinary shares 
----  ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
----                                            ---------------------  -------------------- 
                                                 Price(s)               Volume(s) 
----                                            ---------------------  -------------------- 
    GBP0.12                                                             83,333 
   ------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                   n/a - single transaction 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  25 May 2018 
----  ---------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
----  ---------------------------------------  ---------------------------------------------- 
 

For further information please contact:

 
 
 Echo Energy plc 
  Fiona MacAulay, Chief Executive Officer        f.macaulay@echoenergyplc.com 
  Will Holland, Chief Financial Officer           w.holland@echoenergyplc.com 
 Smith & Williamson (Nominated Adviser)              Tel: +44 (0)20 7131 4000 
  David Jones 
  Ben Jeynes 
  Katy Birkin 
 Hannam & Partners (Advisory) LLP (Financial         Tel: +44 (0)20 7907 8500 
  Adviser and Corporate Broker) 
  Giles Fitzpatrick 
  Andrew Chubb 
  Ernest Bell 
 
  Vigo Communications (PR Advisory) 
  Patrick d'Ancona                                   Tel: +44 (0)20 7830 9700 
  Chris McMahon 
  Ali Roper 
 

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.

END

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May 25, 2018 10:30 ET (14:30 GMT)