25 May 2018 15:30
25 May 2018
Echo Energy plc
("Echo Energy" or the "Company")
Director/PDMR Shareholding
Echo Energy plc, the Latin American focused upstream oil and gas company, makes the following notification in accordance with the requirements of the Market Abuse Regulation in relation to the participation of Fiona MacAulay, the Company's Chief Executive Officer, in the Echo placing and subscription to raise £8.5 million announced earlier today.
As announced earlier today, Fiona MacAulay subscribed for 83,333 new ordinary shares in the Company at a price of 12.0 pence per ordinary share under the placing and subscription. As a result of this purchase of ordinary shares, Fiona MacAulay is now interested in a total of 226,099 ordinary shares in the Company, representing 0.05% of the Company's enlarged issued ordinary share capital, as enlarged by the issue of the Placing Shares.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Fiona Margaret Barkham (Fiona MacAulay) | |||
2
| Reason for the notification
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a)
| Position/status
| Director and Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.25p each | |||
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Identification code | GB00BF0YPG76 | ||||
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b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £0.12 | 83,333 |
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d)
| Aggregated information | n/a - single transaction | |||
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 25 May 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
For further information please contact:
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Echo Energy plc Fiona MacAulay, Chief Executive Officer Will Holland, Chief Financial Officer
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f.macaulay@echoenergyplc.com w.holland@echoenergyplc.com |
Smith & Williamson (Nominated Adviser) David Jones Ben Jeynes Katy Birkin
| Tel: +44 (0)20 7131 4000 |
Hannam & Partners (Advisory) LLP (Financial Adviser and Corporate Broker) Giles Fitzpatrick Andrew Chubb Ernest Bell
Vigo Communications (PR Advisory) Patrick d'Ancona Chris McMahon Ali Roper | Tel: +44 (0)20 7907 8500
Tel: +44 (0)20 7830 9700 |
Echo Energy (ECHO)