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Sound Energy PLC - Director/PDMR Shareholding

RNS Number : 8140B
Sound Energy PLC
03 February 2020
 

 

3 February 2020

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Director/PDMR Shareholding

 

Sound Energy, the Moroccan focused upstream gas company, announces that it has today been notified that Brian Mitchener, the Company's Exploration Director, sold 500,000 ordinary shares in the Company at a price of 1.71 pence per ordinary share on 31 January 2020 (the "Disposal").  

 

Following the Disposal, Mr. Mitchener is now interested in 5,455,555 Ordinary Shares in the Company, representing 0.47 per cent. of the Company's issued ordinary share capital.

 

Mr. Mitchener will step down from the Board with effect from 31 March 2020 and the Disposal is part of the intended sale of a proportion of Mr. Mitchener's shareholding in the Company to cover tax and national insurance liabilities arising from an issue of new ordinary shares to Mr. Mitchener announced on 27 January 2020.

 

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

Sale of ordinary shares

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.0171

500,000

 

d)

Aggregated information

NA (single transaction)

 


Aggregated volume


 


Price


 

e)

Date of the transaction

31 January 2020

 

f)

Place of the transaction

AIMX

 

 

 

 

 


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.
 
END
 
 
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Quick facts: Sound Energy PLC

Price: 2.9933

Market: AIM
Market Cap: £34.78 m
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