Sound Energy noteholders vote in favour of bond restructuring

Mon, 04th Dec 2023 15:36

(Alliance News) - Sound Energy PLC noteholders on Monday voted in favour of restructuring the company's bonds.

Sound Energy, an AIM-listed transition energy company, sought noteholder approval to remove the obligation to begin amortising the outstanding EUR25.3 million notes at a rate of 5.0% every six months until maturity in December 2027 from December 21 this year.

At the noteholder meeting 96.2% of votes were cast in favour of the proposal.

Sound Energy's share price was up 3.5% to 0.84 pence each in London on Monday afternoon.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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