TIDMSOU

RNS Number : 8140B

Sound Energy PLC

03 February 2020

3 February 2020

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the Moroccan focused upstream gas company, announces that it has today been notified that Brian Mitchener, the Company's Exploration Director, sold 500,000 ordinary shares in the Company at a price of 1.71 pence per ordinary share on 31 January 2020 (the "Disposal").

Following the Disposal, Mr. Mitchener is now interested in 5,455,555 Ordinary Shares in the Company, representing 0.47 per cent. of the Company's issued ordinary share capital.

Mr. Mitchener will step down from the Board with effect from 31 March 2020 and the Disposal is part of the intended sale of a proportion of Mr. Mitchener's shareholding in the Company to cover tax and national insurance liabilities arising from an issue of new ordinary shares to Mr. Mitchener announced on 27 January 2020.

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               Sale of ordinary shares 
      --------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                 Price(s)           Volume(s) 
      --------------------------------------  -----------------  ---------------- 
    GBP0.0171                                                     500,000 
   -----------------                                             ---------------- 
 d)    Aggregated information                  NA (single transaction) 
      --------------------------------------  ----------------------------------- 
  Aggregated volume 
 --------------------------------------  ---------------------------------------- 
  Price 
 --------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                 31 January 2020 
      --------------------------------------  ----------------------------------- 
 f)    Place of the transaction                AIMX 
      --------------------------------------  ----------------------------------- 
 
 

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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February 03, 2020 12:02 ET (17:02 GMT)

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