REG - Sound Energy PLC - Adjournment of Noteholder Meeting

Sound EnergyAnnouncement

20/11/2023 14:45

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RNS Number : 0274U  Sound Energy PLC  20 November 2023

20 November 2023

 

Sound Energy plc

("Sound Energy" or the "Company")

 

 

Adjournment of Noteholder Meeting

 

Sound Energy, the AIM-listed transition energy company, announces that,
further to the Company's announcement of 3 November 2023 in respect of the
Company's proposal set out in its Consent Solicitation Memorandum (the
"Proposal") for the restructuring of the Company's Luxembourg listed EUR 28.8m
5.0% senior secured notes (the "Notes"), the meeting of the holders of the
Notes (the Noteholders") convened to be held earlier today to consider the
Proposal (the "Noteholder Meeting") was adjourned due to lack of the necessary
quorum.

 

An adjourned Noteholder meeting, to consider the Proposal in unamended form,
will now be held at 10:00 a.m. on 4 December 2023 (the "Adjourned Noteholder
Meeting").

 

The Adjourned Noteholder Meeting will require a quorum of 25 per cent. of the
aggregate principal amount of the outstanding Notes, being considerably lower
than the 75 per cent. of the aggregate principal amount of the outstanding
Notes that had been required for the Noteholder Meeting.

 

Notice of the Adjourned Noteholders Meeting will shortly be sent to
Noteholders and will be available on the Company's website at
www.soundenergyplc.com (http://www.soundenergyplc.com/) thereafter.

 

For further information:

 

 Flagstaff Strategic and Investor Communications  Tel: 44 (0)20 129 1474

 Tim Thompson

 Mark Edwards                                     sound@flagstaffcomms.com

 Alison Allfrey

 Sound Energy

 Graham Lyon, Executive Chairman                  chairman@soundenergyplc.com (mailto:chairman@soundenergyplc.com)

 Cavendish Capital Markets - Nominated Adviser

 Ben Jeynes                                       Tel: 44 (0)20 7397 8900

 Peter Lynch

 SP Angel Corporate Finance LLP - Broker
 Richard Hail                                     Tel: 44 (0)7789 865 095

 Gneiss Energy Limited - Financial Adviser

 Jon Fitzpatrick                                  Tel: 44 (0)20 3983 9263

 Paul Weidman

 Doug Rycroft

 

 

 

 

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