Exercise of Options

RNS Number : 3677F

Sound Oil PLC

21 April 2011

 

SOUND OIL PLC

("Sound Oil" or "the Company"")

EXERCISE OF OPTIONS

The Company announces that application has been made for the admission to trading on AIM of 2,390,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") issued following the exercise of share options by eleven junior employees of the Company's subsidiary, Mitra Energia Ltd representing 0.15% of the Company's Ordinary Share capital (as enlarged by the issue of the new Ordinary Shares). Senior employees and directors remain locked in for share trading until January 5th 2012, with reference to the Company's Circular approved at the EGM of January 4th 2011.

As a consequence of the exercise of options, the Company announces that the total number of Ordinary Shares in issue at the date of this notice is 1,616,389,755 with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 1,616,389,755.

The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

For further information please contact:

Sound Oil Gerald Orbell, Chief Executive Tony Heath, Finance Director	Tel: [phone] Tel: [phone]
Buchanan Communications Tim Thompson Ben Romney Chris McMahon	Tel: [phone]
finnCap Sarah Wharry Henrik Persson	Tel:  [phone]

 

END

 

 

IOEDKDDBDBKDOQB