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Sound Energy PLC - Issue of Equity

RNS Number : 4564S
Sound Energy PLC
08 July 2020
 

 

8 July 2020

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Issue of Equity

 

Sound Energy, the Moroccan focused upstream gas company, announces that following the vesting of 863,682 restricted stock units originally awarded under the Company's Long Term Incentive Programme announced on 26 April 2018 and subject to revised vesting terms (details of which were announced on 23 January 2020), the Company has today issued 863,682 new ordinary shares of 1p each in the capital of the Company (the "New Ordinary Shares").

 

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 14 July 2020 ("Admission").

Following the issue of the New Ordinary Shares, the Company will have 1,162,714,978 Ordinary Shares in issue (the "Issued Ordinary Share Capital") with no shares held in treasury. This is the total number of voting rights in Sound Energy 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.

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon 

 

Tel: 44 (0)20 7390 0230

Sound Energy

Graham Lyon, Executive Chairman

 

[email protected]

  

 

Cenkos Securities - Nominated Adviser

Ben Jeynes 

Russell Cook

 

Tel: 44 (0)20 7397 8900

Turner Pope Investments (TPI) Ltd - Broker

Zoe Alexander

Andy Thacker

Tel: (0)20 3657 0050

 

 


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: 1.475

Market: AIM
Market Cap: £19.56 m
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