Echo Energy PLC - Successful Amendment to Existing Loan Agreement
("Echo" or "the Company")
Successful Amendment to
The Company is pleased to announce entry of an amendment (the "Amendment") to the Company's
Under the Amendment it has been agreed that the Company has not and will not be required to make the previously required
Instead, 2020 interest under the Loan shall accrue and be calculated on the last business day of
The Amendment is a further important step in the successful restructuring of the Company's debts and provides a waiver of default for any non-payment of interest previously due under the Loan.
Entry of the Amendment follows the successful
Further announcements will be made, as appropriate in due course.
For further information, please contact:
+44 (0) 20 7390 0230
Cenkos Securities (Nominated Adviser)
+44 (0) 20 7397 8900
Shore Capital (Corporate Broker)
+44 (0) 20 7408 4090
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
Quick facts: Echo Energy PLC
Market Cap: £5.34 m
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