Director/PDMR Shareholding

RNS Number : 3450H

Sound Energy PLC

16 August 2016

 

16 August 2016

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the Mediterranean / European focused upstream gas company, announces that it has been notified of a further disposal of 15,000,000 of the Company's warrants (exercisable at 30 pence per share) by Greenberry S.A. ("Greenberry") on 12 August 2016.

Following this disposal and the disposals announced on 15 August 2016, Greenberry has informed the Company that a significant proportion of the warrants disposed of were transferred to institutions and that it has no current intention of making any further warrant transfers nor of exercising any of the warrants it holds.

Marco Fumagalli, a director of the Company, is Managing Partner of, and a 25% shareholder in, Continental Investment Partners SA ("Continental").  Greenberry is an affiliate of Continental by virtue of its common ownership.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

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	Greenberry S.A.
2	Reason for the notification
a)	Position/status	Notification concens a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR (Non-Executive Director of Sound Energy plc).
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	-
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 instrument, type of instrument	Warrants to subscribe for new ordinary shares of £0.01 each at an exercise price of 30 pence per share
	Identification code	GB00B90XFF12
b)	Nature of the transaction	Disposal of warrants
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£nil	15,000,000
d)	Aggregated information	N/A (single transaction)
	Aggregated volume
	Price
e)	Date of the transaction	12 August 2016
f)	Place of the transaction	Outside of a trading venue

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information on Sound Energy visit www.soundenergyplc.com or  contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper	Tel: [phone]
Sound Energy James Parsons, Chief Executive Officer	[e-mail]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: [phone]
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter	Tel: [phone]

 

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