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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Echo Energy Plc | LSE:ECHO | London | Ordinary Share | GB00BF0YPG76 | ORD 0.0001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0041 | 0.004 | 0.0042 | 0.0041 | 0.0041 | 0.0041 | 46,759,293 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 14.11M | -9.59M | -0.0017 | 0.00 | 0 |
From Apr 2021 to Apr 2024
TIDMECHO
RNS Number : 7216O
Echo Energy PLC
12 October 2021
12 October 2021
Echo Energy plc
("Echo" or the "Company")
Block Admission Interim Review
Echo Energy plc, the Latin American focused upstream energy company, provides an update in relation to the Company's block admission arrangements (the "Block Admissions") in respect of new ordinary shares of 0.25p in the Company ("Ordinary Shares") which may be issued as a result of future exercises of existing warrants and options. The Block Admissions have been put in place to enable the Company to handle any future exercises of existing warrants and options in an efficient manner.
Block Admission Interim Review
Pursuant to Rule 29 of, and Schedule Six to, the AIM Rules for Companies, the Company provides the following notification regarding its Block Admissions.
Hot Features
Premium
Name of the company: Echo Energy plc
Name of scheme: 1.Warrants to subscribe for
new Ordinary Shares at a price
of 3p per new Ordinary Share
issued
by the Company in 2017 (the
"March 2017 Warrants"). The
grant of the March 2017
Warrants was
announced by the Company on 6
March 2017 and were granted as
part of the institutional
investment
and Board changes described
therein;
2. Options to subscribe for
new Ordinary Shares at a price
of 1.625p per new Ordinary
Share
granted by the Company to
certain of the Company's
employees in March 2017 (the
"March 2017
Options"). The grant of the
March 2017 Options to certain
of the Company's employees was
announced
by the Company on 6 March;
3. Warrants to subscribe for
new Ordinary Shares at a price
of 3.0p per new Ordinary Share
issued by the Company in
November 2019 (the "November
2019 Warrants"). The issue of
the November
2019 Warrants, which were
issued in connection with the
Company's EUR5.0 million
secured debt
facility put in place at that
time, was first announced by
the Company on 21 October
2019;
and
4. Warrants to subscribe for
new Ordinary Shares at a price
of 1.4p per new Ordinary Share
issued by the Company in March
2020 (the "March 2020
Warrants"). The issue of the
March 2020
Warrants, which were issued in
connection with the extension
of an existing GBP1.0 million
secured debt facility, was
announced by the Company on 6
March 2020.
5. Warrants to subscribe for
new Ordinary Shares at a price
of 1.0p per new Ordinary Share
issued by the Company in July
2020 (the "July 2020 Placing
Warrants"). The issue of the
July
2020 Placing Warrants, which
were issued in connection with
a placing of new Ordinary
Shares
under taken at that time, was
announced by the Company on 27
July 2020.
6. Warrants to subscribe for
new Ordinary Shares at a price
of 0.8p per new Ordinary Share
issued by the Company in July
2020 (the "July 2020 Fee
Warrants"). The issue of the
July 2020
Fee Warrants, which were
issued in respect of fees
incurred in connection with a
placing of
new Ordinary Shares under
taken at that time, was
announced by the Company on 27
July 2020.
--------------------------------
Period of return: From: 19 To: 11
March October
2021 2021
-------- ------ ---- --------
1: 61,538,461
2: 3,033,628
3: 74,200,000
4: 3,571,428
5: 13,300,000
6: 5,700,000
Number of unallotted securities not issued under the scheme(s) at the start of the period: Total: 161,343,517
-------- ----------------------
Plus: The amount by which the block scheme(s) has been increased since the date of the last
return (if any increase has been applied for): 1: 0
2: 0
3: 0
4: 0
5: 0
6: 0
Total: 0
-------- ----------------------
Less: Number of securities issued/allotted under scheme(s) during period: 1: 0
2: 0
3: 74,200,000 - November
4: 2019 Warrants
5: cancelled on 30 March
6: 2021
Total: 0
0
0
0
-------- ----------------------
1: 61,538,461
2: 3,033,628
3: 0
4: 3,571,428
5: 13,300,000
6: 5,700,000
Equals: Balance under scheme(s) not yet issued/allotted at end of period: Total: 87,143,517
-------- ----------------------
Number and class of securities originally admitted and the date of admission:
1: 64,538,461 - 2 March
2018
2:
3, 033,628 -20 March
3: 2020
4: 74,200,000 - 20
March 2020
5:
3,571,428 - 20 March
6: 2020
Total: 13,300,000 - 21
September 2020
5,700,000 - 21
September 2020
164,343,517
-------- ----------------------
Name of contact: AMBA Secretaries Limited,
Company Secretary
--------------------------------
Telephone number of contact: +44 (0)20 7190 9930
--------------------------------
For further information please contact:
Echo Energy Martin Hull, Chief Executive Officer via Vigo Communications Cenkos Securities (Nominated Adviser) Ben Jeynes Katy Birkin +44 (0)20 7397 8900 Shore Capital (Corporate Broker) Jerry Keen +44 (0)20 7408 4090 Vigo Communications (PR Adviser) Patrick d'Ancona Chris McMahon +44 (0)20 7390 0230
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END
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(END) Dow Jones Newswires
October 12, 2021 08:16 ET (12:16 GMT)
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