Home » Echo Energy (ECHO) » Echo Energy #ECHO – Director/PDMR Shareholding

Echo Energy #ECHO – Director/PDMR Shareholding

Echo Energy, the Latin American-focused full cycle energy company, announces that on 18 May 2021 it was notified that Nusakan plc (“Nusakan”) had on that same day, as part of a broader realisation of that investment vehicle, distributed the entirety of its 3.1% shareholding in Echo, being 40,118,865 ordinary shares in the Company (“Ordinary Shares”), directly to Nusakan’s own shareholders for no consideration (the “Nusakan Distribution”). Marco Fumagalli, a Non-Executive Director of the Company, is a 25% shareholder of Nusakan.

Marco Fumagalli’s beneficial interest in the Company is unchanged as a result of the Nusakan Distribution, with Mr. Fumagalli now holding a direct interest in 10,029,716 Ordinary Shares, representing approximately 0.77% of the Company’s issued ordinary share capital, in his own name.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

For further information, please contact:

Echo Energy

Martin Hull, Chief Executive Officer

via Vigo Communications

Vigo Communications (PR Advisor)

Patrick d’Ancona

Chris McMahon

+44 (0) 20 7390 0230

Cenkos Securities (Nominated Adviser)

Ben Jeynes

Katy Birkin

+44 (0) 20 7397 8900

Shore Capital (Corporate Broker)

Jerry Keen

+44 (0) 20 7408 4090

Link here to view the TR1

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