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, 20th 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, Echo Energy plc |
[email protected] |
James Parsons |
|
Chairman, Echo Energy plc |
[email protected] |
John Treacy |
|
ZAI Corporate Finance Ltd.
(Nominated Adviser) |
020 7060 2220 |
Oliver Stansfield
Jonathan Evans |
|
Brandon Hill Capital
(Broker) |
020 3463 5000 |
Patrick d'Ancona Chris McMahon Ali Roper |
|
Vigo Communications (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 /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 |
Ordinary Shares of 0.25p each |
|
|
Identification code |
GB00BF0YPG76 |
|
|
b) |
Nature of the transaction |
Purchase of ordinary shares |
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 transaction |
London Stock Exchange |
