Echo Energy PLC New Investor Syndicate (0915N)
04 August 2017 - 4:01PM
UK Regulatory
TIDMECHO
RNS Number : 0915N
Echo Energy PLC
04 August 2017
4 August 2017
Echo Energy
("Echo" or "the Company")
New Investor Syndicate
Echo Energy, the South and Central American focused upstream gas
company, is delighted to announce that 21,879,259 ordinary shares
in the Company previously held by Brandon Hill, have been purchased
by a new investor syndicate introduced by the Company on 3 August
2017. To facilitate the introduction of this supportive syndicate,
the Company has offered, and Brandon Hill accepted, to waive the
current lock in arrangement between the two parties. The Company
looks forward to welcoming new institutions to its share
register.
The Company would like to express its gratitude to Brandon Hill
for their support over the years, in particular with regards to the
capital and advice it provided during 2016 and early 2017. Its
support helped provide a platform for the Echo Energy
recapitalisation process earlier this year and enabled the exciting
investment proposition Echo Energy is now able to offer to its
shareholders. Brandon Hill will continue to provide research
coverage on Echo Energy.
Echo Energy plc
Fiona MacAulay, f.macaulay@echoenergyplc.com
CEO w.holland@echoenergyplc.com
Will Holland, CFO
ZAI Corporate Finance
Ltd.(Nominated Adviser)
John Treacy 020 7060 2220
Vigo Communications
(PR Adviser)
Patrick d'Ancona
Chris McMahon
Ali Roper 020 7830 9700
This information is provided by RNS
The company news service from the London Stock Exchange
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