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Sound Energy PLC - Issue of Equity, Director Shareholding and TVR

RNS Number : 0455B
Sound Energy PLC
27 January 2020
 

 

27 January 2020

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Issue of Equity, Director/PDMR Shareholding and Total Voting Rights

 

Sound Energy, the Moroccan focused upstream gas company, announces, further to the Company's announcement of 20 January 2020, that the Company has today issued 5,805,555 new ordinary shares in the Company (the "New Ordinary Shares") to Brian Mitchener, the Company's Exploration Director, at an effective issue price of 1.86 pence per New Ordinary Share in connection with the termination of his employment contract.

 

As previously announced on 20 January 2020, Mr. Mitchener will step down from the Board with effect from 31 March 2020.

 

Application has been made to the London Stock Exchange plc for the New Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 31 January 2020.

 

Following the issue of the New Ordinary Shares, Mr. Mitchener will be interested in 5,955,555 Ordinary Shares in the Company, representing 0.51 per cent. of the Company's issued ordinary share capital.

 

It is intended that a proportion of the New Ordinary Shares will be sold by Mr. Mitchener to cover tax and national insurance liabilities arising from their issue and a further announcement will be made in this regard as appropriate.  

 

Following the issue of the New Ordinary Shares, the Company will have 1,161,842,819 Ordinary Shares in issue with no shares held in treasury. This is the total number of voting rights in the Company and 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further details.

 

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon 

 

Tel: 44 (0)20 7390 0230

Sound Energy

[email protected]

  

Cenkos Securities - Nominated Adviser

Azhic Basirov

Ben Jeynes 

 

Tel: 44 (0)20 7397 8900

RBC - Joint Broker

Matthew Coakes

Martin Copeland

 

Tel: 44 (0)20 7653 4000

Macquarie Capital (Europe) Limited - Joint Broker

Alex Reynolds

Nick Stamp

Tel: 44 (0)20  3031 2000

 

 

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

Brian Mitchener

2

Reason for the notification

a)

Position/status

 

PDMR (Director)

 

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

213800VQKS2TU6FOW115

 

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

Issue of ordinary shares of 1p each in settlement of termination of employment

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.0186

5,805,555

 

d)

Aggregated information

NA (single transaction)

 


Aggregated volume


 


Price


 

e)

Date of the transaction

27 January 2020

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Sound Energy PLC

Price: 2.9933

Market: AIM
Market Cap: £34.78 m
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