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ECHO Echo Energy Plc

0.0033
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
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% 0.0033 0.0032 0.0034 0.0033 0.0033 0.0033 243,418,918 07:41:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells 14.11M -9.59M -0.0017 0.00 0

Echo Energy PLC Issue of Equity and Total Voting RIghts

04/04/2024 12:05pm

RNS Regulatory News


RNS Number : 3615J
Echo Energy PLC
04 April 2024
 

 

Echo Energy plc

("Echo" or the "Company")

 

Issue of Equity and Total Voting Rights

Echo Energy plc, announces that it has issued shares to certain suppliers in lieu of cash payments in a bid to continue to preserve cash resources as the Company seeks to deliver its growth strategy.

 

1,658,974,359 new Ordinary shares of 0.0001 pence each have been issued in lieu of cash for services provided at a price of 0.0039 pence per new Ordinary share, being the closing mid-market price of the Company's stock on 3 April 2024 (the 'Supplier Shares').

 

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ('Admission') and it is expected that such  Admission shall take place on or around 8.00 a.m. on 10 April 2024.

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 18,686,723,556 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 18,686,723,556. 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

info@echoenergyplc.com

 

WH Ireland (Nominated Adviser and Broker)

James Joyce

James Bavister

Isaac Hooper

  

Tel: 44 (0)20 7220 1666

 


 

 

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.

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