29 Mar 2017 12:15
29 March 2017
Sound Energy plc
("Sound Energy" or the "Company")
Director/PDMR Shareholding
Sound Energy, the African and European focused upstream gas company, announces that it has been notified that Greenberry plc ("Greenberry") has today purchased 300,000 ordinary shares in the Company ("Ordinary Shares") at a price of 74.81 pence per Ordinary Share.
As a result of this purchase of Ordinary Shares, Continental and its affiliates are interested in a total of 67,017,162 Ordinary Shares, representing 9.91% of the Company's issued ordinary share capital.
Marco Fumagalli, a director of the Company, is Founding Partner of, and a 25% shareholder in, Continental Investment Partners SA ("Continental"). Greenberry is an affiliate of Continental by virtue of its common ownership.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Greenberry plc | |
2 | Reason for the notification | ||
a) | Position/status |
Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR (Non-Executive Director of Sound Energy plc).
| |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Sound Energy plc | |
b) | LEI | - | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | GB00B90XFF12 | |
b) | Nature of the transaction | Purchase of ordinary shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.7481 | 300,000 | ||
d) | Aggregated information | N/A (single transaction) | |
| Aggregated volume |
| |
| Price |
| |
e) | Date of the transaction | 29 March 2017 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
For further information please 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
| j.parsons@soundenergyplc.com
|
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes
| Tel: +44 (0)20 7131 4000 |
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White | Tel: +44 (0)20 7653 4000 |
Sound Energy (SOU)