Sound Oil PLC Block Admission (2719W)
18 August 2015 - 12:15AM
UK Regulatory
TIDMSOU
RNS Number : 2719W
Sound Oil PLC
17 August 2015
17 August 2015
Sound Oil plc
("Sound Oil" or the "Company")
Block Admission
Sound Oil, the Mediterranean focused upstream oil and gas
company, announces that applications have been made for the block
admissions of up to a total of 100,737,454 ordinary shares of 1p
each in the Company (the "New Ordinary Shares") to trading on AIM
(the "Block Admissions"). The New Ordinary Shares are expected to
be issued from time to time pursuant to the exercise of warrants to
subscribe for new ordinary shares of 1p each in the Company
("Ordinary Shares").
The New Ordinary Shares are expected to be admitted to trading
on AIM on 21 August 2014 and will, when issued, rank pari passu
with the Company's existing Ordinary Shares.
The Block Admissions have been made in respect of the issue of
Ordinary Shares pursuant to the exercise of (i) warrants issued by
the Company in 2014 to subscribe for new Ordinary Shares at a price
of 10.4p per new Ordinary Share (the "2014 Warrants"); and (ii)
warrants issued by the Company in 2015 to subscribe for new
Ordinary Shares at a price of 24.0p per new Ordinary Share (the
"2015 Warrants"), in the below amounts:
2014 Warrants 72,711,539
--------------- ------------
2015 Warrants 28,025,915
--------------- ------------
Total 100,737,454
--------------- ------------
Following admission, the Company will continue to have
503,687,271 ordinary shares of 1p each in issue with no shares are
held in treasury. This is the total number of voting rights in
Sound Oil 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 Disclosure Rules and Transparency Rules.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7016
Patrick d'Ancona 9573
Chris McMahon
Alexandra Roper
Sound Oil j.parsons@soundoil.co.uk
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131
Azhic Basirov 4000
David Jones
Ben Jeynes
Peel Hunt - Broker Tel: +44 (0)20 7418
Richard Crichton 8900
Charles Batten
This information is provided by RNS
The company news service from the London Stock Exchange
END
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