Echo Energy Announces Cancellation of 20 Million Options

Instant Max AI

(Energy Analytics Institute, Aaron Simonsky, 11.Dec.2018) — Echo Energy plc, reflecting recently announced board changes, 20 million options to subscribe for new ordinary shares at a price of 16.12 pence per new ordinary share and 2 million options to subscribe for new ordinary shares at a price of 13.25 pence per new ordinary share previously held by Fiona MacAulay have been cancelled by mutual agreement, the company announced in an official statement on its website.

As a result, Fiona MacAulay is now interested in 226,099ordinary shares in the company, representing 0.05% of the company’s issued ordinary share capital and 4 million options to subscribe for new ordinary shares in the company at a price of 16.12 pence per ordinary share. The options vest on July 5, 2020 and are exercisable any time thereafter until July 5, 2022.

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© Energy Analytics Institute (EAI)

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