Issue of Equity and Total Voting RIghts
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:
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Echo Energy Stephen Birrell, Chief Executive Officer |
info@echoenergyplc.com
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WH Ireland (Nominated Adviser and Broker) James Joyce James Bavister Isaac Hooper
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Tel: 44 (0)20 7220 1666 |
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