The Company has established an audit committee, which comprises Marco Fumagalli (Chairman) and Stephen Whyte. The audit committee’s main functions include, inter alia, reviewing and monitoring internal financial control systems and risk management systems on which the Company is reliant, considering annual and interim accounts and audit reports, making recommendations to the Board in relation to the appointment and remuneration of the Company’s auditors and monitoring and reviewing annually their independence, objectivity, effectiveness and qualifications.
Remuneration and Nominations Committee
James Parsons, Chair Marco Fumagalli Stephen Whyte
The Company has established a remuneration and nomination committee, which comprises James Parsons(Chairman), Marco Fumagalli and Stephen Whyte. The remuneration and nomination committee meets as often as required to enable it to fulfill its obligations to the Company. The remuneration and nomination committee is responsible for reviewing the performance of the executive directors, for setting the scale and structure of their remuneration, paying due regard to the interests of Shareholders as a whole and the performance of the Group. The remuneration and nomination committee will also approve the design of and determine targets for any performance-related pay schemes operated by the Company. The remuneration and nomination committee’s main functions also include, inter alia, reviewing the structure, size and composition of the Board based upon the skills, knowledge and experience required to ensure that the Board operates effectively. The remuneration and nomination committee will also identify and nominate suitable candidates to join the Board when vacancies arise and make recommendations to the Board for the re-appointment of any non-executive directors.
England & Wales (Registered Number. 5483127)
Echo Energy plc is incorporated in England and Wales and is admitted to trading on AIM. As a result, Echo Energy plc is subject to the UK’s City Code on Takeovers and Mergers.
The Directors recognise the importance of sound corporate governance commensurate with the size of the Company and the interests of shareholders. As the Company grows, the Directors intend that it should develop policies and procedures in line with the recommendations of the Corporate Governance Code for Small and Mid-Size Quoted Companies published by the Quoted Company Alliance (“QCA Guidelines”) where appropriate and these are monitored on a regular basis. The Directors will continue to comply with the relevant requirements of the QCA Guidelines to the extent that they consider it appropriate having regard to the Company’s size and the nature of its operations.
Shares in Echo Energy plc are only traded on AIM, a market operated by the London Stock Exchange plc and has not applied or agreed to have any of its securities admitted or traded to any other exchange or platform.
There are no restrictions on the transfer of ordinary shares.
402,003,697 AIM securities in issue as at 26-January-2018
There are no shares held in treasury.
Warrants included in a Block Admission were announced by the Company on 24-July-2017.
Hannam & Partners (Advisory) LLP 2 Park Street London W1K 2HX
Crowe Clark Whitehill LLP St Bride's House 10 Salisbury Square London EC4Y 8EH
FieldFisher Riverbank House 2 Swan Lane London EC4R 3TT
Link Asset Services 34 Beckenham Road Kent BR3 4TU
Echo Energy plc is a London listed Latin American focused mid-cap gas company in the making. The Company is pursuing a high value piped onshore gas strategy across South and Central America, which commences with a Multi Tcf potential exploration portfolio.