25th May 2017 11:00
Echo Energy plc
("Echo Energy" or the "Company")
Completion of Debt Facility
Echo Energy, the South American focused upstream oil & gas company is pleased to confirm the issue of 40,303,325* warrants to Greenberry plc. This follows approval at the General Meeting on 22 May 2017 and completes the arrangements associated with the £1m secured loan, announced on 6 March 2017.
*post consolidation of the share capital
For further information please contact:
Independent Resources / Echo Energy James Parsons, Chairman Greg Coleman, Chief Executive Officer |
ZAI Corporate Finance Limited - Nominated Adviser +44 (0) 20 7060 2220
John Treacy
Brandon Hill Capital Limited - Broker +44 (0) 20 3463 5000
Jonathan Evans / Oliver Stansfield
The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").
ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Greenberry plc | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR of Independent Resources plc
| |||
b)
| Initial notification /Amendment
| Initial Notification | |||
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 financial instrument, type of instrument | Warrants | |||
Identification code | |||||
b)
| Nature of the transaction
| Grant of warrants | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
3p | 40,303,325 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 24 May 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Related Shares:
ECHO.L