Director/PDMR Shareholding

RNS Number : 2676W

Sound Energy PLC

07 February 2017

 

7 February 2017

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the African and European focused upstream gas company, announces that it has today been notified that, on 2 February 2017, Greenberry plc ("Greenberry") acquired €300,000 of the Company's 5.0% unsecured notes due 21 June 2021 ("5.0% Bonds") at an aggregate price of €285,000 and that on that same day Greenberry sold €300,000 of the 5.0% Bonds at an aggregate price of €285,300. 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 notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide 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)
		€0.950	300,000
d)	Aggregated information	N/A (single transaction)
	Aggregated volume
	Price
e)	Date of the transaction	2 February 2017
f)	Place of the transaction	Euro MTF Market of the Luxembourg Stock Exchange (XLUX)

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	Disposal of 5.0% secured notes due 21 June 2021
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		€0.951	300,000
d)	Aggregated information	N/A (single transaction)
	Aggregated volume
	Price
e)	Date of the transaction	2 February 2017
f)	Place of the transaction	Euro MTF Market of the Luxembourg Stock Exchange (XLUX)

For further information please 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]
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White	Tel: [phone]

 

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