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2 Aug 2024 16:23
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
2 August 2024
Echo Energy plc
("Echo" or the "Company")
PDMR Dealings
Echo (LON:ECHO), the Latin America focused natural resources company, confirms that Christian Yates, Non-Executive Chair, purchased 243,172,784 ordinary shares at a price of GBP£0.000041 per share in the Company.
Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Yates is interested in 243,172,784 ordinary shares in the capital of the Company, representing 1.06% which is calculated on the total number of ordinary shares carrying voting rights of 23,038,575,407.
The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Christian Yates | ||||
2. | Reason for the notification | |||||
a. | Position/status | Non-Executive Chair | ||||
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 Identification code | Ordinary shares of GBP0.000001 per share par value
GB00BF0YPG76 | ||||
b. | Nature of the transaction | Purchase of Ordinary Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
243,172,784 shares GBP£0.000041 per share | ||||
e. | Date of the transaction | 1 August 2024 | ||||
f. | Place of the transaction | London Stock Exchange, AIM | ||||
For further information please contact:
Echo Via Vigo Consulting
Stephen Birrell, Chief Executive Officer echo@vigoconsulting.com
Zeus Capital Limited (Nominated Adviser and Broker) Tel: +44 (0)20 3829 5000
James Joyce
James Bavister
Isaac Hooper
Vigo Consulting (Investor Relations) Tel: +44 (0)20 7390 0234
Ben Simons echo@vigoconsulting.com
Peter Jacob
About Echo
Following the partial divestment of its assets in Argentina, Echo entered into a 50:50 joint venture in Peru in July 2024 with an experienced local partner for precious metals (gold/silver) mining and the cleaning of known tailings deposits containing Measured and Indicated resources of gold and silver. Through the JV, known as Boku Resources, Echo has secured an opportunity to scale operations in Peru producing gold and silver through primary mining and tailings cleaning, owning 50% of the production and resources. Initially, Boku intends to establish formalised artisanal and small mining operations on its 100% held Tesoro Gold concession, southern Peru, targeting early cash flow generation by Q4 2024.
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