Business
Statement re Share Price Movement and Suspension
Statement re Share Price Movement and Suspension.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9019U Echo Energy PLC 30 October 2017 \n\n30 October 2017 \n \nEcho Energy plc\n(\"Echo\" or the \"Company\")\n \nStatement re Share Price Movement\n \nSuspension of Trading on AIM\n \nEcho Energy, the South and Central American focused upstream gas company, notes the recent share price movement and confirms that it is in discussions in relation to a potential farm in by the Company into certain onshore oil and gas assets in South America (the \"Proposed Transaction\").\n \nBy virtue of its size, the Proposed Transaction would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies. Accordingly, the Company's ordinary shares will be suspended from trading on AIM with effect from 07:30 today, pending publication of an AIM admission document and circular to shareholders to approve the Proposed Transaction or an announcement that the Proposed Transaction has been terminated.\n \nFurther announcements will be made, as appropriate, in due course.\n \n \n \nFor further information please contact:\n \n\n\n\n\nEcho Energy plc\nFiona MacAulay, CEO \nWill Holland, CFO\n \n\n\n \[email protected] \[email protected]\n\n\n\n\nSmith & Williamson (Nominated Adviser)\nAzhic Basirov\nDavid Jones\nBen Jeynes \n \n\n\n+44 (0)20 7131 4000\n \n\n\n\n\nHannam & Partners (Advisory) LLP (Financial Adviser and Corporate Broker)\nGiles Fitzpatrick \nAndrew Chubb \nErnest Bell\n \n\n\n+44 (0)20 7907 8500\n \n\n\n\n\nVigo Communications (PR Adviser)\nPatrick d'Ancona\nChris McMahon\nAli Roper\n \n\n\n+44 (0)20 7830 9700\n\n\n\n\nThis announcement is inside information for the purposes of Article 7 of Regulation 596/2014.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFESFMUFWSEIS\n ","length":4047,"tagName":"div"}]