Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.018 -1.8% 0.982 0.95 1.05 1.00 1.00 1.00 6,280,367 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.1 -15.3 -2.0 - 13

Echo Energy PLC Exercise of Warrants and Total Voting Rights

13/04/2021 5:43pm

UK Regulatory (RNS & others)

Echo Energy (LSE:ECHO)
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From Mar 2021 to May 2021

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RNS Number : 3600V

Echo Energy PLC

13 April 2021

13 April 2021

Echo Energy plc

("Echo" or "the Company")

Exercise of Warrants and Total Voting Rights

Echo Energy, the Latin American focused upstream oil and gas company, announces that it has received notice for the exercise of 5,245,098 warrants to subscribe for new ordinary shares in the Company. 2,622,549 warrants were exercised at an exercise price of 0.7 pence and 2,622,549 warrants were exercised at an exercise price of 0.75 pence. As a result, an application has been made for 5,245,098 new ordinary shares in the Company (the "New Ordinary Shares") to be admitted to trading on AIM.

It is expected that admission of the New Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, will occur at 8.00 a.m. on 19 April 2021 ("Admission"). Following Admission, the Company's issued ordinary share capital will comprise 1,298,813,085 Ordinary Shares, none of which are held in treasury.

Therefore, following Admission, the total number of ordinary shares with voting rights in the Company will be 1,298,813,085, which 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Echo Energy                             via Vigo Communications 
 Martin Hull, Chief Executive Officer 
Vigo Communications (PR Advisor) 
 Patrick d'Ancona 
 Chris McMahon                             +44 (0) 20 7390 0230 
Cenkos Securities (Nominated Adviser) 
 Ben Jeynes 
 Katy Birkin                               +44 (0) 20 7397 8900 
Shore Capital (Corporate Broker) 
 Jerry Keen                                +44 (0) 20 7408 4090 

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(END) Dow Jones Newswires

April 13, 2021 12:43 ET (16:43 GMT)

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