Sound Energy PLC Issue of Equity, Director Shareholding and TVR (0455B)
27 Gennaio 2020 - 3:58PM
UK Regulatory
TIDMSOU
RNS Number : 0455B
Sound Energy PLC
27 January 2020
27 January 2020
Sound Energy plc
("Sound Energy" or the "Company")
Issue of Equity, Director/PDMR Shareholding and Total Voting
Rights
Sound Energy, the Moroccan focused upstream gas company,
announces, further to the Company's announcement of 20 January
2020, that the Company has today issued 5,805,555 new ordinary
shares in the Company (the "New Ordinary Shares") to Brian
Mitchener, the Company's Exploration Director, at an effective
issue price of 1.86 pence per New Ordinary Share in connection with
the termination of his employment contract.
As previously announced on 20 January 2020, Mr. Mitchener will
step down from the Board with effect from 31 March 2020.
Application has been made to the London Stock Exchange plc for
the New Ordinary Shares, which will rank pari passu with the
Company's existing Ordinary Shares, to be admitted to trading on
AIM. Dealings are expected to commence at 8.00 a.m. on 31 January
2020.
Following the issue of the New Ordinary Shares, Mr. Mitchener
will be interested in 5,955,555 Ordinary Shares in the Company,
representing 0.51 per cent. of the Company's issued ordinary share
capital.
It is intended that a proportion of the New Ordinary Shares will
be sold by Mr. Mitchener to cover tax and national insurance
liabilities arising from their issue and a further announcement
will be made in this regard as appropriate.
Following the issue of the New Ordinary Shares, the Company will
have 1,161,842,819 Ordinary Shares in issue with no shares held in
treasury. This is the total number of voting rights in the Company
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 Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
The notification below, made in accordance with the requirements
of the Market Abuse Regulation, provides further details.
For further information please contact:
Vigo Communications - PR Adviser Tel: 44 (0)20 7390 0230
Patrick d'Ancona
Chris McMahon
Sound Energy questions@soundenergyplc.com
Cenkos Securities - Nominated Adviser Tel: 44 (0)20 7397 8900
Azhic Basirov
Ben Jeynes
RBC - 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
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 Brian Mitchener
------------------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status
PDMR (Director)
------------------------------------------ ------------------------------------------
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 213800VQKS2TU6FOW115
-------------------------------------- --------------------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
-------------------------------------- --------------------------------------------
Identification code GB00B90XFF12
-------------------------------------- --------------------------------------------
b) Nature of the transaction Issue of ordinary shares of
1p each in settlement of termination
of employment
-------------------------------------- --------------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------- ---------------------- --------------------
GBP0.0186 5,805,555
---------------------- --------------------
d) Aggregated information NA (single transaction)
-------------------------------------- --------------------------------------------
Aggregated volume
-------------------------------------- -------------------------------------------------
Price
-------------------------------------- -------------------------------------------------
e) Date of the transaction 27 January 2020
-------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------- --------------------------------------------
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
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(END) Dow Jones Newswires
January 27, 2020 09:58 ET (14:58 GMT)
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