Exercise of Options and Issue of Equity

RNS Number : 5104M

Sound Energy PLC

13 October 2016

 

 13 October 2016

Sound Energy plc

("Sound Energy" or the "Company")

Exercise of Options and Issue of Equity

Sound Energy, the European and African focused upstream gas company, announces that   as a result of an exercise of share options by a non-board employee of the Company, the Company issued 1,288,888 ordinary shares of 1p each in the Company (the "New Ordinary Shares") on 12 October 2016. Application will be made to the London Stock Exchange plc for the New Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 19 October 2016.

Following the issue of the New Ordinary Shares, the Company will have 561,242,652 ordinary shares of 1p each in issue ("Ordinary Shares"). No Ordinary Shares are held in treasury. The figure of 561,242,652 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

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]
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter	Tel: [phone]

 

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