Adjournment of Noteholder Meeting

RNS Number : 1951F

Sound Energy PLC

12 November 2020

 

12 November 2020

Sound Energy plc

("Sound Energy" or the "Company")

Adjournment of Noteholder Meeting

Sound Energy, the Moroccan focused upstream gas company , announces that, further to the Company's announcement of 28 October 2020 in respect of the Company's proposal set out in its Consent Solicitation Memorandum (the "Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes (the "Notes"), the meeting of the holders of the Notes (the Noteholders") convened earlier today to consider the Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary quorum.

An adjourned Noteholder meeting, to consider the Proposal in unamended form, will now be held at 10:00 a.m. on 10 December 2020 (the "Adjourned Noteholder Meeting").

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the aggregate principal amount of the outstanding Notes, being considerably lower than the 75 per cent. of the aggregate principal amount of the outstanding Notes that had been required for the Noteholder Meeting.

Notice of the Adjourned Noteholders Meeting will shortly be sent to Noteholders and will be available on the Company's website at www.soundenergyplc.com   thereafter.

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon	Tel: [phone]
Sound Energy Graham Lyon, Executive Chairman	[e-mail]
Cenkos Securities - Nominated Adviser Ben Jeynes  Russell Cook	Tel: [phone]
Turner Pope Investments (TPI) Ltd  - Broker Andy Thacker	Tel: [phone]

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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