Echo Energy PLC Issue of Options and Director/PDMR Shareholding (6665Z)
19 December 2017 - 2:02AM
UK Regulatory
TIDMECHO
RNS Number : 6665Z
Echo Energy PLC
18 December 2017
18 December 2017
Echo Energy plc
("Echo" or the "Company")
Issue of Options and Director/PDMR Shareholding
Echo Energy plc, the South and Central American focused upstream
gas company, announces that,
as detailed in the Company's admission document dated 15
December 2017, the Company has today issued a total of 30,000,000
options to subscribe for new ordinary shares in the Company under
the Company's EMI Share Option Plan (the "Options") in the
quantities, and on the terms, described below.
The issue of the Options includes the issue of 24,000,000
Options to subscribe for new ordinary shares in the Company
("Ordinary Shares") at a price of 16.12 pence per new Ordinary
Share to Fiona MacAulay, the Company's Chief Executive Officer. The
intention to issue these 24,000,000 Options was first announced by
the Company on 12 June 2017, on Fiona MacAulay's appointment as the
Company's Chief Executive Officer that have not to date been
issued. The remainder of the Options issued today also relate to
previously agreed but unissued options to other Echo employees.
The Options have been granted under the Company's EMI Plan as
follows:
Number of Exercise price Vesting date Latest exercise
Ordinary Shares (pence) date
under option
----------------- --------------- ------------- ----------------
24,000,000 16.12 05.07.2020 05.07.2022
----------------- --------------- ------------- ----------------
6,000,000 13.75 05.07.2020 05.07.2022
----------------- --------------- ------------- ----------------
The notification below, made in accordance with the Market Abuse
Regulation, provides further details in relation to the issue of
Options.
For further information please contact:
Echo Energy plc f.macaulay@echoenergyplc.com
Fiona MacAulay, CEO w.holland@echoenergyplc.com
Will Holland, CFO
Smith & Williamson (Nominated
Adviser)
Azhic Basirov
David Jones
Ben Jeynes +44 (0)20 7131 4000
Hannam & Partners (Advisory)
LLP (Financial Adviser and
Corporate Broker)
Giles Fitzpatrick
Andrew Chubb
Ernest Bell +44 (0)20 7907 8500
Vigo Communications (PR Adviser)
Patrick d'Ancona
Chris McMahon
Ali Roper +44 (0)20 7830 9700
NOTIFICATIONS 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 Fiona Margaret Barkham (Fiona
MacAulay)
---- ----------------------------- -----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status PDMR (Director)
---- ----------------------------- -----------------------------------
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 Options to subscribe for
the financial ordinary shares of 0.25p
instrument, type each
of instrument
----
Identification GB00BF0YPG76
code
b) Nature of the Grant of options
transaction
---- ----------------------------- -----------------------------------
c) Price(s) and volume(s)
---- -------------- ----------------
Price(s) Volume(s)
---- -------------- ----------------
16.12p 24,000,000
-------------- ----------------
d) Aggregated information n/a - single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 18 December 2017
---- ----------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
---- ----------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKFDKPBDDDBD
(END) Dow Jones Newswires
December 18, 2017 10:02 ET (15:02 GMT)
Echo Energy (LSE:ECHO)
Historical Stock Chart
From Apr 2024 to May 2024
Echo Energy (LSE:ECHO)
Historical Stock Chart
From May 2023 to May 2024