Director/PDMR Shareholding

RNS Number : 0493Z

Sound Energy PLC

19 May 2021

 

19 May 2021

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the Moroccan focused upstream gas company, announces that on 18 May 2021 it was notified that on that same day, Nusakan plc ("Nusakan"), a Continental Investment Partners SA affiliate on account of its common ownership, had, as part of a broader realisation of Nusakan, distributed the entirety of its shareholding in Sound Energy, being 18,775,507 ordinary shares in the Company ("Ordinary Shares"), directly to Nusakan's own shareholders for no consideration (the "Distribution"). Marco Fumagalli, a Non-Executive Director of the Company, is a 25% shareholder of Nusakan and has therefore been distributed 4,693,877 Ordinary Shares pursuant to the Distribution.

Marco Fumagalli's beneficial interest in the Company is unchanged as a result of the Distribution, with Mr. Fumagalli now holding a direct interest in 4,693,877 Ordinary Shares, representing approximately 0.32% of the Company's issued ordinary share capital, in his own name.

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

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]
SP Angel Corporate Finance LLP Richard Hail	Tel: [phone]

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			Marco Fumagalli
2	Reason for the notification
a)	Position/status			PDMR (Non-Executive Director)
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	213800VQKS2TU6FOW115
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	Receipt of ordinary shares by way of distribution in specie
c)		Price(s) and volumes(s)	Price(s)		Volume(s)
			£0.00		4,693,877
d)		Aggregated information	NA (single transaction)
		Aggregated volume	-
		Price	-
e)		Date of the transaction	18 May 2021
f)		Place of the transaction	O utside of a trading venue

 

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