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Sound Energy PLC RNS Release

Issue of Equity


RNS Number : 2635I
Sound Energy PLC
23 November 2018
 

23 November 2018

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Issue of Equity

 

Sound Energy, the Moroccan focused upstream gas company, announces that, consistent with its policy of preserving cash balances for operations, it has issued 88,740 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an effective issue price of 17.85 pence per Ordinary share in settlement of fees for services provided to the Company by a third party service provider.

 

Application has been made for the 88,740 new Ordinary Shares, which will rank pari passu with the Company's existing Ordinary shares, to be admitted to trading on AIM ("Admission"). Dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 29 November 2018. 

 

On Admission, the Company will have 1,054,307,109 Ordinary Shares in issue. No ordinary shares are held in treasury. The figure of 1,054,307,109 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Kate Rogucheva

 

Tel: +44 (0)20 7390 0230

Sound Energy

James Parsons, Chief Executive Officer

JJ Traynor, Chief Financial Officer

 

 

[email protected]

[email protected]

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

 

Tel: +44 (0)20 7131 4000

RBC Capital Markets - Joint Broker

Matthew Coakes

Martin Copeland

 

Tel: +44 (0)20 7653 4000

Macquarie Capital (Europe) Limited - Joint Broker

Alex Reynolds

Nick Stamp

Tel: +44 (0)20 3031 2000

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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