RNS Number : 3369H

Sound Energy PLC

27 July 2023

27 July 2023

Sound Energy plc

("Sound Energy" or the "Company")

Partial Conversion of Convertible Loan Note

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 22,222,222 Ordinary Shares ("Shares") at a conversion price of 2.25 pence per Share under an existing GBP2,500,000 Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Notes by GBP500,000, with GBP2,000,000 remaining.

An application has been made for the Shares to be admitted to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 1 August 2023.

Following Admission, the Company's enlarged share capital will comprise 1,882,329,117 ordinary shares of 1p each, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 Flagstaff Strategic and Investor           sound@flagstaffcomms.com 
  Communications                             Tel: +44 (0)20 129 1474 
  Tim Thompson 
  Mark Edwards 
  Alison Allfrey 
 Sound Energy                            chairman@soundenergyplc.com 
  Graham Lyon, Executive Chairman 
 Cenkos Securities - Nominated Adviser      Tel: +44 (0)20 7397 8900 
  Ben Jeynes 
  Peter Lynch 
 SP Angel Corporate Finance LLP -           Tel: +44 (0)7789 865 095 
  Richard Hail 
 Gneiss Energy Limited - Financial          Tel: +44 (0)20 3983 9263 
  Jon Fitzpatrick 
  Paul Weidman 
  Doug Rycroft 

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July 27, 2023 02:00 ET (06:00 GMT)

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