Echo Energy PLC Intended Non-Executive Director Appointment (6935K)

TIDMECHO

RNS Number : 6935K

Echo Energy PLC

23 December 2022

23 December 2022

Echo Energy plc

("Echo Energy", "Echo" or the "Company")

Intended Appointment of Non-Executive Director

Echo Energy plc, the Latin American focused energy company, is pleased to announce that, following completion of the Company's balance sheet restructuring, the Company intends to appoint Lindor Martin as a non-executive director of the Company.

Mr. Martin's appointment will bring additional capabilities to the Echo Board, including in relation to additional in-country Argentina energy sector expertise.

Mr. Martin has more than 20 years of experience in the design and execution of financial strategies, market analysis, Portfolio, Risk and Treasury management in top-level international companies, banks and Economic consulting firms - including more than 15 years developing structures and managing multicultural teams across countries and sectors.

Mr. Martin worked previously at Merrill Lynch, FIEL (Argentine Think tank) and Pluspetrol and is currently the Chairman of Refinor S.A.. He has a BA Honours in economics from Buenos Aires University (ARG), Master in economics from San Andres University (ARG) and an MSc in Economics and Finance from University of York (UK).

Mr. Martin's intended appointment to the Board follows his nomination for appointment by Andina PLC, an existing Echo shareholder which shares certain mutual shareholders with Echo's joint venture partners in its Santa Cruz Sur assets.

A further announcement, in connection with Mr. Martin's intended appointment to the Board, will be made in due course.

James Parsons, Echo's Chairman, said:

"We look forward to welcoming Lindor to the Echo board as a non-executive director in due course and look forward to benefiting from his extensive and directly relevant experience. The Company continues to make progress in delivering upon its strategy to accelerate production growth from its assets in Argentina including by way of the Santa Cruz Sur Production and Infrastructure Enhancement Plan first announced by the Company on 7 July 2022. The continued alignment of the joint venture partners to the implementation of the asset plan is further strengthened by this announcement. The appointment of Lindor to the Board will further enhance Echo's in-country expertise. I look forward to working with him at an exciting time for Echo in its Santa Cruz Sur asset working interest."

For further information, please contact:

 
Echo Energy                                 via Vigo Consulting 
 Martin Hull, Chief Executive Officer 
Vigo Consulting (IR/PR Advisor) 
 Patrick d'Ancona 
 Finlay Thomson 
 Kendall Hill                               [phone] 
Cenkos Securities (Nominated Adviser) 
 Ben Jeynes 
 Katy Birkin                                [phone] 
Arden Partners plc (Corporate Broker) 
 Simon Johnson (Corporate Broking) 
 John Llewellyn-Lloyd (Corporate Finance)   [phone] 
 

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December 23, 2022 02:01 ET (07:01 GMT)