Last checked at 29 Jul 2016 16:42
29 July 2016
Sound Energy plc
("Sound Energy" or the "Company")
Exercise of Options and Issue of Equity
Sound Energy, the Mediterranean focused upstream gas company, announces that it has issued 300,000 new ordinary shares in the Company (the "New Ordinary Shares") following the exercise of 300,000 options to subscribe for new ordinary shares in the Company at a price of 16.5 pence per new ordinary share. These options were originally issued in October 2012 (prior to the ten-for-one share consolidation completed in January 2013) at an exercise price of 1.65 pence per new ordinary share.
Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. It is expected that dealings will commence on 4 August 2016.
Following the issue of the New Ordinary Shares, the Company will have 527,371,543 ordinary shares in issue.
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information on Sound Energy visit www.soundenergyplc.com or contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper | Tel: +44 (0)20 7830 9700 |
Sound Energy James Parsons, Chief Executive Officer
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j.parsons@soundenergyplc.com |
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes | Tel: +44 (0)20 7131 4000 |
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter
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Tel: +44 (0)20 7894 8896 |