Last checked at 20 Nov 2023 14:37
20 November 2023
Sound Energy plc
("Sound Energy" or the "Company")
Adjournment of Noteholder Meeting
Sound Energy, the AIM-listed transition energy company, announces that, further to the Company's announcement of 3 November 2023 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened to be held earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.
An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 4 December 2023 (the "Adjourned Noteholder Meeting").
The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.
Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.
For further information:
Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Alison Allfrey
| Tel: 44 (0)20 129 1474
sound@flagstaffcomms.com |
Sound Energy Graham Lyon, Executive Chairman
|
chairman@soundenergyplc.com
|
Cavendish Capital Markets - Nominated Adviser Ben Jeynes Peter Lynch
|
Tel: 44 (0)20 7397 8900 |
SP Angel Corporate Finance LLP - Broker | |
Richard Hail
| Tel: 44 (0)7789 865 095 |
Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft
|
Tel: 44 (0)20 3983 9263 |