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IN BRIEF: Sound Energy in partial conversion of convertible loan note

Fri, 01st Sep 2023 21:29

Sound Energy PLC - London-based, Morocco-focused upstream gas company - Receives conversion notices to issue 22.2 million shares at a conversion price of 2.25 pence each under an existing GBP2.5 million convertible loan note agreement, the terms of which were announced on June 13. The partial conversion reduces the amount owing on the convertible notes by GBP500,000, with GBP1.5 million remaining.

Current stock price: 1.02 pence

12-month change: down 30%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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