Block Admission Interim Update

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy

To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.

Name of the company:	Echo Energy plc
Name of scheme:	1. Warrants to subscribe for new Ordinary Shares at a price of 18p per new Ordinary Share issued by the Company in 2015 (the "November 2015 Warrants"). The grant of the November 2015 Warrants was announced by the Company on 16 November 2015 and were granted as part of the placing announced therein, representing 5% of the total placing; 2.Warrants to subscribe for new Ordinary Shares at a price of 3p per new Ordinary Share issued by the Company in 2017 (the "March 2017 Warrants"). The grant of the March 2017 Warrants was announced by the Company on 6 March 2017 and were granted as part of the institutional investment and Board changes described therein; 3.Warrants to subscribe for new Ordinary Shares at a price of 15.1875p per new Ordinary Shares issued by the Company in 2017 (the "May 2017 Warrants - Batch 1"). The grant of the May 2017 Warrants - Batch 1 was announced on 15 May 2017 in connection with the issue by the Company of secured loan notes described therein; and 4.Warrants to subscribe for new Ordinary Shares at a price of 15.1875p per new Ordinary Shares issued by the Company in 2017 (the "May 2017 Warrants - Batch 2"). The grant of the May 2017 Warrants - Batch 2 was announced by the Company on 19 May 2017 in connection with a £10m placing.
Period of return:	From:	14 September 2018		To:	13 March 2019
Number of unallotted securities not issued under the scheme(s) at the start of the period:	1: 2: 3. 4. Total:		240,000 61,538,461 26,571,096 7,238,271 95,587,828
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):	1: 2: 3: 4: Total:		0 0 0 0 0
Less: Number of securities issued/allotted under scheme(s) during period:	1: 2: 3: 4: Total:		240,000 underlying warrants expired during period 0 0 0 0
Equals: Balance under scheme(s) not yet issued/allotted at end of period:	1: 2: 3: 4: Total:		0 61,538,461 26,571,096 7,238,271 95,347,828
Number and class of securities originally admitted and the date of admission:	1: 2: 3: 4: Total:		240,000 Ordinary Shares - 2 March 2018 (admission now withdrawn due to lapse of underlying warrants) 64,538,461 - 2 March 2018 8,224,007 - 2 March 2018 18,347,089 - 19 September 2018 7,238,271 - 2 March 2018 98,587,828
Name of contact:	AMBA Secretaries Limited, Company Secretary
Telephone number of contact:	+44 (0)20 7190 9930

Companies

UK 100

Latest directors dealings