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Sound Energy PLC - Adjournment of Noteholder Meeting

RNS Number : 1951F
Sound Energy PLC
12 November 2020
 


 

12 November 2020

 

Sound Energy plc

("Sound Energy" or the "Company")

 

 

Adjournment of Noteholder Meeting

 

Sound Energy, the Moroccan focused upstream gas company, announces that, further to the Company's announcement of 28 October 2020 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.

 

An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 10 December 2020 (the "Adjourned Noteholder Meeting").

 

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.

 

Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com thereafter.

 

 

 

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

Andy Thacker

Tel: (0)20 3657 0050

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

 

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