Saffron (which is due to be renamed Coro Energy) is due to hold a shareholder general meeting on March 29 in order to secure approval for the proposed transaction and other changes including its £13.4mln equity funding.
Sound intends to hand over the Saffron/Coro consideration to its shareholders directly, rather than hold the stake within the company.
So as the sale date moves out, so too does the record date for the proposed redistribution to Sound shareholders - it will now be April 3.
Saffron had separately intended to merge with Po Valley Energy, but that potential transaction was terminated last month. Subsequently, Sound shareholders will now receive an aggregate of 25.9% of the company once the redistribution has taken place.