Echo Energy PLC Investor Call/PDMR Shareholding/Regulatory Update (4588K)
July 07 2017 - 6:31AM
UK Regulatory
TIDMECHO
RNS Number : 4588K
Echo Energy PLC
07 July 2017
7 July 2017
Echo Energy plc
("Echo" or the "Company")
Investor Conference Call / Director PDMR Shareholding /
Regulatory Update
Echo Energy, the South and Central American focused upstream gas
company, is pleased to confirm the following updates:
Investor Conference Call
The Company would like to invite all shareholders to join Echo
Energy's first investor conference call on Thursday, 20(th) July
2017 at 10:00 a.m. The Company will separately notify investors of
dial-in details.
Director/PDMR Shareholding
The Company further announces that it has been notified that on
5 July 2017 Fiona MacAulay, the Company's Chief Executive Officer,
purchased 142,766 ordinary shares in the Company ("Ordinary
Shares") at a price of 14 pence per Ordinary Share.
As a result of this purchase of Ordinary Shares, Fiona MacAulay
is interested in 142,766 Ordinary Shares, representing 0.039% of
the Company's issued ordinary share capital.
Regulatory Update
Following completion of the technical evaluation period either
Party (Echo Energy or Pluspetrol) have the right to exit the
agreement if between them commercial terms cannot be agreed. The
acquisition of an interest by Echo Energy from Pluspetrol in the
Huayco field remains contingent on final commercial terms being
agreed and accordingly the Company does not have a right to acquire
any interest at this stage.
For further information please contact:
Fiona MacAulay Chief Executive, f.macaulay@echoenergyplc.com
Echo Energy plc
James Parsons Chairman, Echo Energy j.parsons@echoenergyplc.com
plc
ZAI Corporate Finance
John Treacy Ltd. 020 7060 2220
(Nominated Adviser)
Oliver Stansfield Brandon Hill Capital
Jonathan Evans (Broker) 020 3463 5000
Patrick d'Ancona
Chris McMahon Vigo Communications
Ali Roper (PR Adviser) 020 7830 9700
Annex
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 Fiona MacAulay
---- ----------------------------- -----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status PDMR (Director of Echo Energy
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 Ordinary Shares of 0.25p each
the financial
instrument, type
of instrument
----
Identification GB00BF0YPG76
code
b) Nature of the Purchase of ordinary shares
transaction
---- ----------------------------- -----------------------------------
c) Price(s) and
volume(s)
---- --------------- ---------------
Price(s) Volume(s)
---- --------------- ---------------
14p 142,766
--------------- ---------------
d) Aggregated information N/A (single transaction)
----
e) Date of the transaction 5 July 2017
---- ----------------------------- -----------------------------------
f) Place of the London Stock Exchange
transaction
---- ----------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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