Sound Energy PLC Issue of Equity (2635I)
23 November 2018 - 6:00PM
UK Regulatory
TIDMSOU
RNS Number : 2635I
Sound Energy PLC
23 November 2018
23 November 2018
Sound Energy plc
("Sound Energy" or the "Company")
Issue of Equity
Sound Energy, the Moroccan focused upstream gas company,
announces that, consistent with its policy of preserving cash
balances for operations, it has issued 88,740 new ordinary shares
of 1 pence each in the Company ("Ordinary Shares") at an effective
issue price of 17.85 pence per Ordinary share in settlement of fees
for services provided to the Company by a third party service
provider.
Application has been made for the 88,740 new Ordinary Shares,
which will rank pari passu with the Company's existing Ordinary
shares, to be admitted to trading on AIM ("Admission"). Dealings in
the new Ordinary Shares are expected to commence at 8.00 a.m. on 29
November 2018.
On Admission, the Company will have 1,054,307,109 Ordinary
Shares in issue. No ordinary shares are held in treasury. The
figure of 1,054,307,109 may be used by the Company's shareholders
as the denominator in the calculations by which they will determine
if they are required to notify their interest in, or a 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 Tel: +44 (0)20 7390 0230
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
Sound Energy
James Parsons, Chief Executive Officer j.parsons@soundenergyplc.com
JJ Traynor, Chief Financial Officer j.traynor@soundenergyplc.com
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
RBC Capital Markets - Joint Broker Tel: +44 (0)20 7653 4000
Matthew Coakes
Martin Copeland
Macquarie Capital (Europe) Limited Tel: +44 (0)20 3031 2000
- Joint Broker
Alex Reynolds
Nick Stamp
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 rns@lseg.com or visit www.rns.com.
END
IOEUUONRWNAAUAA
(END) Dow Jones Newswires
November 23, 2018 02:00 ET (07:00 GMT)
Sound Energy (LSE:SOU)
Historical Stock Chart
From Apr 2024 to May 2024
Sound Energy (LSE:SOU)
Historical Stock Chart
From May 2023 to May 2024