Sign In
Last checked at 
22 Mar 2013 07:00
22 March 2013
Sound Oil plc
("Sound Oil" or the "Company")
Result of Open Offer
Sound Oil, the Italian focused upstream oil and gas company, announces the result of its Open Offer to raise up to £1 million (before expenses) through the issue of up to 12,386,968 Open Offer Shares at 8.073 pence per New Ordinary Share. The Open Offer was not underwritten.
The Company has received valid acceptances in respect of 605,662 Open Offer Shares from Eligible Shareholders.
Application has been made to the London Stock Exchange for the Open Offer Shares, which rank pari passu with the Company's issued Ordinary Shares, to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 25 March 2013. Following the issue of the Open Offer Shares, the Company will have 287,618,544 Ordinary Shares in issue.
There are no shares held in treasury. The total number of voting rights in the Company is therefore 287,618,544 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.
All capitalised terms in this announcement are as defined in the circular of the Company dated 6 March 2013.
For further information please contact:
Sound Oil James Parsons, Chief Executive Officer
| j.parsons@soundoil.co.uk |
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones
|
Tel: +44 (0)20 7131 4000 |
Peel Hunt - Broker Richard Crichton Charles Batten
| Tel: +44 (0)20 7418 8900
|
Follow the stocks
