REG - Echo Energy PLC - Issue of Equity and Total Voting RIghts

Echo EnergyAnnouncement

04/04/2024 12:15

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RNS Number : 3615J  Echo Energy PLC  04 April 2024

 

Echo Energy plc

("Echo" or the "Company")

 

Issue of Equity and Total Voting Rights

Echo Energy plc, announces that it has issued shares to certain suppliers in
lieu of cash payments in a bid to continue to preserve cash resources as the
Company seeks to deliver its growth strategy.

 

1,658,974,359 new Ordinary shares of 0.0001 pence each have been issued in
lieu of cash for services provided at a price of 0.0039 pence per new Ordinary
share, being the closing mid-market price of the Company's stock on 3 April
2024 (the 'Supplier Shares').

 

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM ('Admission') and it is expected that
such  Admission shall take place on or around 8.00 a.m. on 10 April 2024.

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the new Ordinary Shares, its issued ordinary share capital will
comprise 18,686,723,556 Ordinary shares. All of the Ordinary shares have equal
voting rights and none of the ordinary shares are held in Treasury. The total
number of voting rights in the Company will therefore be 18,686,723,556. The
above figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their interests in,
or change to their interest in, the Company.

 

 

For further information please contact:

 

 

 Echo Energy                                info@echoenergyplc.com

 Stephen Birrell, Chief Executive Officer
 WH Ireland (Nominated Adviser and Broker)  Tel: 44 (0)20 7220 1666

 James Joyce

 James Bavister

 Isaac Hooper

 

 

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