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

Related Shares

More News

31 May 2024 11:38

Sound Energy to rig wells in preparation for gas production

(Alliance News) - Sound Energy PLC on Friday said work over operations have begun in preparation for the commencement of gas extraction at wells TE-6 ...

3 May 2024 13:39

TRADING UPDATES: Kelso raises stake in NCC; Transense joins project

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Allia...

24 Apr 2024 16:02

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately repor...

3 Apr 2024 11:53

TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: