TIDMSOU

RNS Number : 1154Q

Sound Energy PLC

24 November 2016

24 November 2016

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the European and African focused upstream gas company, announces that it has been notified of an acquisition of EUR100,000 of the Company's 5.0% unsecured notes due 21 June 2021 ("5.0% Bonds") by Greenberry Plc ("Greenberry") on 24 November 2016 at an aggregate price of EUR96,850. The 5.0% Bonds are traded on the Euro MTF Market of the Luxembourg Stock Exchange.

Marco Fumagalli, a director of the Company, is Managing Partner of, and a 25% shareholder in, Continental Investment Partners SA ("Continental"). Greenberry is an affiliate of Continental by virtue of its common ownership.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

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                                      Greenberry Plc 
----  ----------------------------------------  --------------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------------------------- 
 a)    Position/status                           Notification concerns a PCA, 
                                                  being a legal person the managerial 
                                                  responsibilities of which are 
                                                  discharged by Marco Fumagalli, 
                                                  a PDMR (Non-Executive Director 
                                                  of Sound Energy plc). 
----  ----------------------------------------  --------------------------------------- 
 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                                       - 
----  ----------------------------------------  --------------------------------------- 
 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              5.0% secured notes due 21 June 
        instrument, type of instrument            2021 
----  ----------------------------------------  --------------------------------------- 
       Identification code                       XS1434582885 
----  ----------------------------------------  --------------------------------------- 
 b)    Nature of the transaction                 Acquisition of 5.0% secured 
                                                  notes due 21 June 2021 
----  ----------------------------------------  --------------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)              Volume(s) 
----  ----------------------------------------  --------------------  ----------------- 
                                                           EUR0.9685            100,000 
 ---------------------------------------------  --------------------  ----------------- 
 d)    Aggregated information                    N/A (single transaction) 
----  ----------------------------------------  --------------------------------------- 
  Aggregated volume 
 ---------------------------------------------  --------------------------------------- 
  Price 
 ---------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                   24 November 2016 
----  ----------------------------------------  --------------------------------------- 
 f)    Place of the transaction                  Euro MTF Market of the Luxembourg 
                                                  Stock Exchange (XLUX) 
----  ----------------------------------------  ---------------------------------------

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information on Sound Energy visit www.soundenergyplc.com or contact:

 
 Vigo Communications - PR Adviser      Tel: +44 (0)20 7830 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 4000 
  Adviser 
  Azhic Basirov 
  David Jones 
  Ben Jeynes 
 
   Cantor Fitzgerald Europe - Broker     Tel: +44 (0)20 7894 8896 
   Sarah Wharry 
   David Porter

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 24, 2016 11:30 ET (16:30 GMT)

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