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Pin to quick picksEcho Energy Regulatory News (ECHO)

Share Price Information for Echo Energy (ECHO)

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Grant of Options

24 Oct 2019 17:35

RNS Number : 0881R
Echo Energy PLC
24 October 2019
 

24 October 2019

Echo Energy plc

("Echo Energy" or the "Company")

 

Grant of Options

 

Echo Energy, the Latin American focused upstream oil and gas company, announces that further to the announcement on 21 October 2019, it has today issued to Martin Hull, Chief Executive of the Company, options to subscribe for 12 million new ordinary shares in the capital of the Company ("Ordinary Shares"), exercisable at a price of 6.55 pence per new Ordinary Share (the "Options").

The Options vest on 11 December 2021 and are capable of exercise thereafter until 11 December 2023.

Following the issue of the Options, Mr. Hull is interested in 600,000 Ordinary Shares, representing 0.10 per cent. of the Company's issued ordinary share capital, and holds a total of 12,000,000 options to subscribe for new Ordinary Shares, all of which are exercisable at 6.55 pence per new Ordinary Share.

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

For further information please contact:

 

Echo Energy

Martin Hull, Chief Executive

 

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

Hannam & Partners (Joint Corporate Broker)

Giles Fitzpatrick

Andrew Chubb

Ernest Bell

 

+44 (0)20 7907 8500

Shore Capital (Joint 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

 

Martin Hull

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR (Chief Executive)

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

 

Grant of options to acquire ordinary shares of 0.25p each

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

12,000,000

d)

 

Aggregated information

n/a - single transaction

- Aggregated volume

- Price

e)

 

Date of the transaction

 

24 October 2019

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFEFFMLFUSEDS
Date   Source Headline
27th Mar 20247:00 amRNSChange of Nominated Adviser and Broker
12th Mar 20242:32 pmRNSResults of General Meeting
23rd Feb 20244:00 pmRNSNotice of General Meeting
21st Feb 20243:30 pmRNSHolding(s) in Company
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15th Feb 202411:36 amRNSHolding(s) in Company
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7th Feb 20247:00 amRNSIssue of Equity and Total Voting Rights
29th Jan 20244:15 pmRNSIssue of Equity and Total Voting Rights
29th Jan 20247:00 amRNSIssue of Equity and Total Voting Rights
26th Jan 202411:45 amRNSIssue of Equity and Total Voting Rights
22nd Dec 20237:05 amRNSIssue of Equity, Award of Options & TVR
21st Dec 20237:55 amRNSIssue of Convertible Loan Note
19th Dec 20238:24 amRNSSuccessful Debt Restructuring
28th Nov 20233:28 pmRNSChange of Nominated Adviser
14th Nov 20237:00 amRNSBoard Changes
31st Oct 20233:36 pmRNSResults of GM & Total Voting Rights
2nd Oct 20237:30 amRNSRestoration - Echo Energy plc
31st Aug 20235:22 pmRNSUpdate re: Publication of 2022 Annual Report
31st Jul 202312:53 pmRNSUpdate re: Publication of 2022 Annual Report
3rd Jul 20237:30 amRNSSuspension - Echo Energy plc
29th Jun 202311:49 amRNSSuspension of Trading
28th Jun 20234:57 pmRNSHolding(s) in Company
27th Jun 20233:41 pmRNSDisposal and Admission of Subscription Shares
26th Jun 20234:39 pmRNSResult of Annual General Meeting
2nd Jun 20239:17 amRNSPosting of Circular
26th May 20237:00 amRNSPartial Sale of Santa Cruz Sur Assets
9th May 20237:00 amRNSProposed Partial Sale of Santa Cruz Sur Assets
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21st Apr 20232:42 pmRNSHolding(s) in Company
20th Apr 20233:09 pmRNSHolding(s) in Company
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18th Apr 20237:00 amRNSQ1 2023 Production, Commercial & Corporate Update
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21st Mar 20235:14 pmRNSHolding(s) in Company
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3rd Mar 20234:35 pmRNSPrice Monitoring Extension
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3rd Feb 20234:43 pmRNSHolding(s) in Company
2nd Feb 20237:00 amRNSCommercial and Financial Update
1st Feb 202310:37 amRNSChange of Adviser
23rd Jan 20232:05 pmRNSSecond Price Monitoring Extn
23rd Jan 20232:00 pmRNSPrice Monitoring Extension
13th Jan 20237:00 amRNSQ4 2022 Production Update & Directorate Change
23rd Dec 20227:01 amRNSIntended Non-Executive Director Appointment
23rd Dec 20227:00 amRNSExercise of Warrants and Total Voting Rights
19th Dec 20223:06 pmRNSHolding(s) in Company
15th Dec 20226:05 pmRNSHolding(s) in Company
15th Dec 20224:40 pmRNSSecond Price Monitoring Extn

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