Echo Energy PLC

Director/PDMR Shareholding

RNS Number : 0519Z
Echo Energy PLC
19 May 2021
 

19 May 2021

 

Echo Energy plc

("Echo" or "the Company")

 

Director/PDMR Shareholding

 

Echo Energy, the Latin American-focused full cycle energy company, announces that on 18 May 2021 it was notified that Nusakan plc ("Nusakan") had on that same day, as part of a broader realisation of that investment vehicle, distributed the entirety of its 3.1% shareholding in Echo, being 40,118,865 ordinary shares in the Company ("Ordinary Shares"), directly to Nusakan's own shareholders for no consideration (the "Nusakan Distribution"). Marco Fumagalli, a Non-Executive Director of the Company, is a 25% shareholder of Nusakan.

 

Marco Fumagalli's beneficial interest in the Company is unchanged as a result of the Nusakan Distribution, with Mr. Fumagalli now holding a direct interest in 10,029,716 Ordinary Shares, representing approximately 0.77% of the Company's issued ordinary share capital, in his own name.

 

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

 

 

For further information, please contact:

 

Echo Energy

Martin Hull, Chief Executive Officer

 

via Vigo Communications

Vigo Communications (PR Advisor)

Patrick d'Ancona

Chris McMahon

 

+44 (0) 20 7390 0230

Cenkos Securities (Nominated Adviser)

Ben Jeynes

Katy Birkin

 

+44 (0) 20 7397 8900

Shore Capital (Corporate Broker)

Jerry Keen

+44 (0) 20 7408 4090

 

 

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

 

Marco Fumagalli

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR (Non-Executive Director)

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

 

Receipt of ordinary shares by way of distribution in specie

 

c)

 

Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

 


 

Nil

10,029,716

 


 

 

 

 

d)

 

Aggregated information

n/a - single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

18 May 2021

f)

 

Place of the transaction

 

Outside a trading venue

 

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