ECHO.L Regulatory News (ECHO)

Name of the company:

Echo Energy plc

Name of scheme:

1. Warrants to subscribe for new Ordinary Shares at a price of 1.0p per new Ordinary Share issued by the Company in July 2020 (the "July 2020 Placing Warrants"). The issue of the July 2020 Placing Warrants, which were issued in connection with a placing of new Ordinary Shares under taken at that time, was announced by the Company on 27 July 2020.

2. Warrants to subscribe for new Ordinary Shares at a price of 0.8p per new Ordinary Share issued by the Company in July 2020 (the "July 2020 Fee Warrants"). The issue of the July 2020 Fee Warrants, which were issued in respect of fees incurred in connection with a placing of new Ordinary Shares under taken at that time, was announced by the Company on 27 July 2020.

3. Warrants to subscribe for new Ordinary Shares at a price of 0.70p per new Ordinary Share issued by the Company in January 2021 (the "January 2021 Warrants - Batch 1"). The grant of the January 2021 Warrants - Batch 1 was announced by the Company on 22 December 2020 in connection with the issue of subscription shares by the Company described therein with 50% of the January 2021 Warrants - Batch 1 being subject to the receipt of the necessary share issuance authorities at the Company's 2021 annual general meeting.

4. Warrants to subscribe for new Ordinary Shares at a price of 0.75p per new Ordinary Share issued by the Company in January 2021 (the "January 2021 Warrants - Batch 2"). The grant of the January 2021 Warrants - Batch 2 was announced by the Company on 22 December 2020 in connection with the issue of subscription shares by the Company described therein with 50% of the January 2021 Warrants - Batch 2 being subject to receipt of the necessary share issuance authorities at the Company's 2021 annual general meeting.

5. Warrants to subscribe for new Ordinary Shares at a price of 0.7p per new Ordinary Share, in relation to the restructuring of the Company's loan with Spartan, announced on 1 October 2021 (the "Spartan Warrants").

6. Warrants to subscribe for new Ordinary Shares at a price of 0.65p per new Ordinary Share issued by the Company on 14 January 2022 (the "January 2022 Warrants - Batch 1") in connection with the issue of subscription shares by the Company described in the announcement therein. In addition, the Company also announced that it had conditionally agreed to issue a further 78,260,869 warrants to subscribe for new Ordinary Shares exercisable at 0.65 pence per new Ordinary Share subject to the receipt of the necessary share issuance authorities at the Company's 2022 annual general meeting. These additional warrants were subsequently issued but are not subject to a block admission.

Period of return:

From:

11 April 2022

To:

19 October 2022

Number of unallotted securities not issued under the scheme(s) at the start of the period:

1:

2:

3:

4:

5:

6:

Total:

13,300,000

5,700,000

81,299,020

81,299,020

3,096,429

65,217,391

249,911,860

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:

5:

6:

Total:

0

0

0

0

0

0

0

Less:  Number of securities issued/allotted under scheme(s) during period:

1:

2:

3:

4:

5:

6:

Total:

0

0

0

0

0

0

0

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

1:

2:

3:

4:

5:

6:

Total:

13,300,000

5,700,000

81,299,020

81,299,020

3,096,429

65,217,391

249,911,860

Number and class of securities originally admitted and the date of admission:

1:

2:

3:

4:

5:

6:

13,300,000 - 21 September 2020

5,700,000 - 21 September 2020

81,299,020 - 19 April 2022

81,299,020 - 19 April 2022

3,096,429 - 19 April 2022

65,217,391 - 19 April 2022

Name of contact:

AMBA Secretaries Limited, Company Secretary

Telephone number of contact:

+44 (0)20 7190 9930

Echo Energy plc

Martin Hull, Chief Executive Officer

Via Vigo Communications Ltd

Cenkos Securities plc (Nominated Adviser)

Ben Jeynes

Katy Birkin

Tel: 44 (0)20 7397 8900

Vigo Consulting Ltd (IR/PR Advisor)

Patrick d'Ancona

Finlay Thomson 

Tel: 44 (0)20 7390 0230

Arden Partners plc (Corporate Broker)

Simon Johnson (Corporate Broking)

John Llewellyn-Lloyd (Corporate Finance)

Tel: 44 (0)20 7614 5900