Director/PDMR Shareholding

RNS Number : 1154Q

Sound Energy PLC

24 November 2016

 

24 November 2016

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the European and African focused upstream gas company, announces that it has been notified of an acquisition of €100,000 of the Company's 5.0% unsecured notes due 21 June 2021 ("5.0% Bonds") by Greenberry Plc  ("Greenberry") on 24 November 2016 at an aggregate price of €96,850. The 5.0% Bonds are traded on the Euro MTF Market of the Luxembourg Stock Exchange.

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 Plc
2	Reason for the notification
a)	Position/status	Notification concerns 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	5.0% secured notes due 21 June 2021
	Identification code	XS1434582885
b)	Nature of the transaction	Acquisition of 5.0% secured notes due 21 June 2021
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		€0.9685	100,000
d)	Aggregated information	N/A (single transaction)
	Aggregated volume
	Price
e)	Date of the transaction	24 November 2016
f)	Place of the transaction	Euro MTF Market of the Luxembourg Stock Exchange (XLUX)

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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