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)
|
|
Price(s)
|
Volume(s)
|
|
0.000041
|
243,172,784
|
|
|
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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