Issue of Equity

RNS Number : 3590U

Sound Oil PLC

29 July 2015

 

29 July 2015

Sound Oil plc

("Sound Oil" or the "Company")

Exercise of Warrants

Sound Oil, the Mediterranean focused upstream oil and gas company, announces the exercise of 2,015,807 warrants (2,015,384 warrants issued in July 2014 at an exercise price of 10.4p per share and 423 warrants issued in July 2015 at an exercise price of 24p per share) and the consequent issue of 2,015,807 new ordinary shares in the Company (the "New Shares").

Application has been made for the New Shares to be admitted to trading on AIM and it is expected that dealings will commence on 3 August 2015.  Following the issue of the New Shares, the Company will have 503,676,671 ordinary shares in issue with no shares held in treasury. This is the total number of voting rights in Sound Oil and 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 change to their interest in, the Company under the Disclosure Rules and Transparency Rules.

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper	Tel: [phone]
Sound Oil James Parsons, Chief Executive Officer	[e-mail]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: [phone]
Peel Hunt - Broker Richard Crichton Charles Batten	Tel: [phone]

 

END

 

 

IOEPGUGPMUPAGQR