Echo Energy Announces Block Admission & Block Admission Interim Review

Source: www.gulfoilandgas.com 4/11/2022, Location: South America

Echo Energy plc, the Latin American focused energy company, announces that it has made application for an additional 230,911,860 new ordinary shares of 0.25p each in the Company ("Additional Block Admission Shares") to be admitted to trading on AIM by way of a block admission (the "Block Admission Update").

Application has been made for the Additional Block Admission Shares, which will, when issued, rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission") at 8.00 a.m. on 19 April 2022.

In addition, and reflecting the expiry of 68,143,517 historically issued warrants since the date of the last block admission update on 11 October 2021, the Company also provides the following update.

The Block Admission Update, which will enable the Company to continue to handle future smaller warrant exercises in an efficient manner and does not result in any change in the number of ordinary shares in issue until such time as any warrants subject to the Block Admission Update are exercised, is in addition to the balance of 19,000,000 ordinary shares in the Company ("Ordinary Shares") currently admitted to trading on AIM pursuant to prior block admissions in connection with warrants to subscribe for new Ordinary Shares in the Company (together with the Block Admission Update the "Block Admissions").

Following Admission, the Company will continue to have 1,452,491,345 Ordinary Shares in issue, which remains unchanged from previous notifications.

The Block Admission Update has been made in respect of the issue of 230,911,860 new Ordinary Shares which may be issued pursuant to the following issues of warrants (as defined below):


Bermuda >>  8/11/2022 - This is a correction of press release issued August 11, 12:26 CET. Full pay out of the PSU award is subject to reaching $ 10.00 per share on 75% of th...
Bermuda >>  8/11/2022 - The Board of Directors of Borr Drilling Limited has resolved to grant 4,000,000 options under the Company’s approved share option scheme to certain of...

Canada >>  8/11/2022 - Frontera Energy Corporation has taken up and paid for 5,416,666 of its outstanding common shares (the "Shares") at a price of $12.00 per Share (the "P...
Norway >>  8/11/2022 - From 11 August 2022, the shares in Equinor will be traded ex dividend USD 0.40 (ordinary dividend of USD 0.20 and extraordinary dividend of USD 0.20)....

Norway >>  8/11/2022 - In reference to stock exchange announcement on 10 April 2022 concerning share options exercised, the Register of Business Enterprises has registered t...
United Kingdom >>  8/11/2022 - Highlights
· Share placement commitments to raise A$14.9 million gross proceeds.
· Issue price of A$0.009 per share represents a 18.2% dis...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.