RNS23 Nov 2018 07:02
TIDMSOU
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.
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