Echo Energy PLC Completion of Debt Facility (1712G)
25 May 2017 - 8:00PM
UK Regulatory
TIDMECHO
RNS Number : 1712G
Echo Energy PLC
25 May 2017
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 GBP1m
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 j.parsons@echoenergyplc.com
g.coleman@echoenergyplc.com
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 Initial Notification
/Amendment
---- ----------------------------- ----------------------------------
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 Warrants
the financial
instrument, type
of instrument
----
Identification
code
b) Nature of the Grant of warrants
transaction
---- ----------------------------- ----------------------------------
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
---- ----------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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