TIDMSOU

RNS Number : 2500K

Sound Energy PLC

19 September 2016

19 September 2016

Sound Energy plc

("Sound Energy" or the "Company")

Block Admission

Sound Energy, the European and African focused upstream company, announces that, further to the block admissions first announced by the Company on 7 August 2015, applications have been made for the block admissions of up to a further 37,189,119 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 22 September 2016 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 2015 to subscribe for new Ordinary Shares at a price of 24.0p per new Ordinary Share (the "2015 Warrants"); and (ii) warrants issued by the Company in 2016 to subscribe for new Ordinary Shares at a price of 30.0p per new Ordinary Share (the "2016 Warrants"), in the below amounts:

Block Admissions

 
 2015 Warrants    12,189,119 
---------------  ----------- 
 2016 Warrants    25,000,000 
---------------  ----------- 
 Total            37,189,119 
---------------  -----------

Following admission, the Company will continue to have 538,201,804 ordinary shares of 1p each in issue with no shares being 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 Disclosure Rules and Transparency Rules.

As a result of the Block Admissions, the Company will have a total of 107,640,360 Ordinary Shares admitted to trading on AIM under block admissions in respect of Ordinary Shares which may be issued from time to time 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 "2015 Warrants"); (ii) the 2015 Warrants; and (iii) the 2016 Warrants.

Total block admissions

 
 2014 Warrants     50,753,847 
---------------  ------------ 
 2015 Warrants     31,886,513 
---------------  ------------ 
 2016 Warrants     25,000,000 
---------------  ------------ 
 Total            107,640,360 
---------------  ------------

For further information please contact:

 
Vigo Communications -                     Tel: +44 (0)20 7830 
 PR Adviser                                              9700 
 Patrick d'Ancona 
 Chris McMahon 
 Alexandra Roper 
Sound Energy                     j.parsons@soundenergyplc.com 
 James Parsons, Chief Executive 
 Officer 
Smith & Williamson - Nominated            Tel: +44 (0)20 7131 
 Adviser                                                 4000 
 Azhic Basirov 
 David Jones 
 Ben Jeynes 
Cantor Fitzgerald Europe                  Tel: +44 (0)20 7894 
 - Broker                                                8896 
 Sarah Wharry 
 David Porter

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUKUNRNVAKAAR

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September 19, 2016 12:27 ET (16:27 GMT)

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