Director/PDMR Shareholding

RNS Number : 1471S
Sound Energy PLC
16 December 2016
 

16  December 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 that Greenberry plc ("Greenberry") has today purchased 774,387 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 68.15 pence per Ordinary Share.

 

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.

 

As a result of this purchase of Ordinary Shares, Continental and its affiliates are interested in a total of 66,491,549 Ordinary Shares, representing 10.01% of the Company's issued ordinary share capital. 

 

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 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

Ordinary shares of 1p each


Identification code

GB00B90XFF12

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.6815

774,387

d)

Aggregated information

N/A (single transaction)


Aggregated volume



Price


e)

Date of the transaction

16 December 2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

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

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

Tel: +44 (0)20 7830 9700

 

Sound Energy

James Parsons, Chief Executive Officer

 

 

j.parsons@soundenergyplc.com

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

Tel: +44 (0)20 7131 4000

 

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: +44 (0)20 7894 8896

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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