Result of Open Offer

RNS Number : 0183R

Sound Oil PLC

24 June 2015

 

24 June 2015

Sound Oil plc

("Sound Oil" or the "Company")

Result of Open Offer

Sound Oil, the Mediterranean focused upstream gas company, announces the result of the Open Offer first announced by the Company on 18 May 2015.

The Company is pleased to announce that it has received valid acceptances and excess applications from Eligible Shareholders for a total of 15,599,752 Open Offer Shares.  Accordingly, a total of 15,599,752 new Ordinary Shares will be issued in connection with the Open Offer.

Application has been made to the London Stock Exchange for the Open Offer Shares, which rank pari passu with the Company's issued Ordinary Shares, to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 25 June 2015. Following the issue of the Open Offer Shares, the Company will have 482,806,817 Ordinary Shares in issue.

There are no shares held in treasury. The total number of voting rights in the Company is therefore 482,806,817 and this 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 change to their interest in, the Company under the Disclosure Rules and the Transparency Rules.

All capitalised terms in this announcement are as defined in the circular of the Company dated 21 May 2015.

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]

 

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