Director/PDMR Shareholding

RNS Number : 6008M

Sound Energy PLC

30 April 2018

 

30 April 2018

Sound Energy plc

("Sound Energy" or the "Company")

Director/PDMR Shareholding

Sound Energy, the Moroccan focused upstream gas company, announces that it has been notified that Greenberry plc ("Greenberry") has today purchased 100,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 40.46 pence per Ordinary Share.

As a result of this purchase of Ordinary Shares, Continental Investment Partners SA ("CIP") and its affiliates are interested in a total of 18,775,509 Ordinary Shares, representing 1.85% of the Company's issued ordinary share capital.

Marco Fumagalli, a director of the Company, is Founding Partner of, and a 25% shareholder in, CIP. Greenberry is an affiliate of Continental by virtue of its common ownership.

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

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon  Kate Rogucheva	Tel: [phone]
Sound Energy James Parsons, Chief Executive Officer	[e-mail]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: [phone]
RBC Capital Markets - Joint Broker Matthew Coakes Martin Copeland Laura White	Tel: [phone]
Macquarie Capital (Europe) Limited - Joint Broker Alex Reynolds Nick Stamp	Tel: [phone]

NOTIFICATIONS 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	Greenberry plc
2	Reason for the notification
a)	Position/status	Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a 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	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.4848	6,376
			£0.4054	2,137
			£0.4052	13,103
			£0.4050	70,000
			£0.4000	2,706
			£0.4000	5,678
d)	Aggregated information
	- Aggregated volume	100,000
	- Price	£40,460.28
e)	Date of the transaction	30 April 2018
f)	Place of the transaction	AIMX

 

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