REG - Sound Energy PLC - Board Changes and Appointment of CEO

Sound EnergyAnnouncement

15/10/2025 07:00

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RNS Number : 3797D  Sound Energy PLC  15 October 2025

15 October 2025

Sound Energy PLC

("Sound" or the "Company")

 

Board Changes and Appointment of CEO

 

Sound Energy PLC, (AIM:SOU) the AIM listed transition energy company, is
pleased to announce the appointment of Mr Majid Shafiq as Chief Executive
officer to the Company. Majid Shafiq has also been appointed to the board of
Sound Energy PLC.

 

Graham Lyon, the Company's Executive Chairman, will transition to
non-executive Chairman over the course of the next six months.

 

Majid Shafiq is a seasoned professional with over thirty-five years of
experience in the energy sector, combining extensive international industry
and capital markets expertise. He began his career with Mobil North Sea
Limited, spending thirteen years in a variety of petroleum engineering and
commercial roles. He subsequently worked for seventeen years in London
investment banking with specialist energy-focused firms, including Tristone
Capital and FirstEnergy Capital, where he advised private and public small to
mid-cap energy companies on mergers and acquisitions and equity capital
markets transactions.

 

In 2018, Mr Shafiq was appointed Chief Executive Officer of AIM/TSX-listed i3
Energy plc, a position he held for six years until the company's sale at the
end of 2024. During his tenure, the company grew from a pre-revenue micro-cap
into a business producing 20,000 barrels of oil equivalent per day,
distributed more than £45 million in dividends, and was sold for £174
million.

 

This combination of technical, financial, and leadership experience provides
him with a comprehensive understanding of the energy sector and a demonstrated
ability to execute growth strategies, raise capital, and deliver transactions
that create shareholder value. Mr Shafiq holds an MEng in Petroleum
Engineering and an MBA.

 

Regulatory disclosures (in accordance with Rule 17 and Schedule two paragraph
(g) of the AIM Rules) are as set out below:

 

Mr Majid Shafiq (aged 61 years old) holds or has held the following
directorships or partnerships in the past five years:

 

 Current Directorships/Partnerships  Past Directorships/Partnerships
 The Shahida Foundation              I3 Energy plc
                                     i3 Energy North Sea Limited
                                     i3 Energy Canada Limited
                                     20 Campdale Road Management Company Limited

 

Mr Shafiq holds no shares in Sound Energy at this time.

 

No further disclosures under Rule 17/Schedule 2(g).

 

 

Graham Lyon, Executive Chair, commented:

 

"We are pleased to welcome Majid to Sound Energy. Majid has a proven track
record in growing businesses and creating substantial shareholder value. I
look forward to supporting and passing the baton to Majid to take the Company
forward to the next stage of its exciting path, delivering revenue, widening
and growing the Company's portfolio with accretive opportunities."

 

For further information please visit www.soundenergyplc.com
(https://www.soundenergyplc.com/) , follow on X @soundenergyplc
(https://x.com/soundenergyplc?lang=en) and Linkedin
(https://www.linkedin.com/company/sound-oil/) or contact:

 

 Sound Energy plc                                     chairman@soundenergyplc.com

 Graham Lyon (Executive Chairman)
 Flagstaff Strategic and Investor Communications      sound@flagstaffcomms.com

 Tim Thompson, Mark Edwards, Alison Allfrey           +44 (0)207 129 1474
 Zeus - Nominated Adviser and Broker                  +44 (0)20 3829 5000

 James Joyce, Gabriella Zwarts (Investment Banking)

 Simon Johnson (Corporate Broking)

 

About Sound Energy PLC :

Sound Energy is a compelling transition energy investment opportunity, listed
on the UK AIM market of the London Stock Exchange, with operations in Morocco
centred around onshore exploration, development and production of gas and
advancing renewable power generation initiatives. Gas is the focal transition
fuel and critical to the country's energy policy to move to sustainable, local
renewable energy, away from imported coal and hydrocarbon fuels. The company
has a 25-year development concession with a Micro - LNG development underway
at Tendrara, the first major onshore gas resource in Morocco, and a funded
piped gas project awaiting FID. Small scale LNG will supply the industrial
market, the piped gas development is for the power sector. Exploration wells
are funded to support the infrastructure led exploration potential. Together
these give the company significant opportunities for scalable growth on its
28,000 square km of onshore permits. Sound Energy therefore plays a pivotal
role in responding to rising energy demand in Morocco and is facilitating the
energy transition. This is further enhanced by Sound's recent early-stage
diversification into opportunities in renewable power generation and Hydrogen
exploration in Morocco. Sound has strong stakeholder engagement and
partnerships with leading Moroccan companies, thereby leveraging in country
expertise in renewable energy projects and its funded gas developments.
Financially, the company is focused on revenue targets from Phase 1 LNG
production this year, judicious investment, prudent cost management and
balance sheet deleveraging to fund asset development opportunities. A well
supported financial structure and clear strategic focus make Sound Energy
poised to deliver further growth potential from its access to Moroccan gas and
energy markets.

ENDS

 

 

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