Sound Energy PLC Phase 1 LNG Sale & Purchase Agreement Extension (9407Q)
01 Novembre 2021 - 2:42PM
UK Regulatory
TIDMSOU
RNS Number : 9407Q
Sound Energy PLC
01 November 2021
1 November 2021
Sound Energy plc
("Sound Energy" or the "Company")
Phase 1 Development LNG Sale & Purchase Agreement
Extension
Sound Energy, the energy transition company, announces that
Afriquia Gaz and Sound Energy have agreed an extension to the
period during which the contractual conditions precedent to the
Phase 1 LNG Sale & Purchase Agreement announced by the Company
on 29 July 2021 (the "LNG SPA") are required to be satisfied until
the 30 November 2021.
As announced on 29 July 2021, the LNG SPA is conditional upon
fulfilment of certain conditions precedent and the extension now
agreed is expected to allow those conditions precedent not yet
satisfied, relating to the plant development contract, financing
and remaining regulatory approvals to be documented
contemporaneously.
Graham Lyon, Sound Energy's Executive Chairman, commented:
"Much work has been completed in the last months to conclude all
conditions precedent to the LNG SPA in London, Rabat and Pescara.
We are confident that all conditions precedent to the LNG SPA will
be satisfied and FID and the 'Notice to Proceed' with Phase 1
development can be announced and all contracts executed."
For further information please contact:
Vigo Communications - PR Adviser Tel: 44 (0)20 7390 0230
Patrick d'Ancona
Chris McMahon
Sound Energy chairman@soundenergyplc.com
Graham Lyon, Executive Chairman
Tel: 44 (0)20 7397 8900
Cenkos Securities - Nominated Adviser
Ben Jeynes
Peter Lynch
SP Angel Corporate Finance LLP - Broker
Richard Hail, Sam Wahab Tel: +44 (0)20 3470 0470
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFSVLILLIIL
(END) Dow Jones Newswires
November 01, 2021 09:42 ET (13:42 GMT)
Grafico Azioni Sound Energy (LSE:SOU)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Sound Energy (LSE:SOU)
Storico
Da Apr 2023 a Apr 2024